The Digital Economy Research Group at Victoria University (VU) works across every area of new digital economy. The digital economy will grow significantly over the coming decades, and VU will be at the forefront of understanding the legal and business developments across all sectors.

The Group aims to provide significant economic, social and environmental benefits and is a partnership between VU’s:

Our work

We work with industry and government across a number of different themes, including, but not limited to:

  • artificial intelligence – governance and application
  • investment FinTech, crypto assets - stablecoins
  • data flows, data protection, data adequacy and international trade
  • cyber security
  • trade and investment
  • emerging technologies.

VU's research in these areas will inform government, regulators and the wider business and legal communities of the benefits and challenges across all parts of the digital economy.

Stablecoin project

Victoria University is partnering Novatti to better understand the regulatory issues for stablecoins. Our work in this area includes:

  • identifying key stakeholders that will be affected by any future regulation of stablecoins
  • conducting industry interviews throughout 2022–2023
  • developing a centre of excellence for regulating stablecoins.

Read the full stablecoins project summary.

The digital economy

According to the Organisation for Economic Co-operation and Development (OECD), digital transformation has already helped to:

  • reduce the costs of international trade
  • coordinate global value chains (GVCs)
  • diffuse ideas and technologies
  • connect businesses and consumers globally.

Both trade and investment are important to VU, and these have close synergies to environmental and social outcomes for Victoria and Australia. Our leading research, aims to place VU in a leadership role for Victoria and Australia, in this new economy.

International trade

Digital trade has made it easy to engage in international trade, increasing the scale, scope and speed of trade.

Companies large and small can sell products and services to customers across the globe. Digital tools can also provide solutions and opportunities for:

  • growth
  • payments
  • collaboration
  • avoiding investment in fixed assets through the use of cloud-based services
  • alternative funding mechanisms such as crowdfunding.

However, new business models have created complex international trade transactions and policy issues.

Financial sector

The financial sector (PDF, 222 KB) is also changing with digitisation. For example:

  • large technology firms have access to a wide range of customer data, which may be used to improve risk assessments and the screening of borrowers
  • microfinance is now available to people whom would never have had the opportunity to access financial products in the past
  • crypto assets, and more recently stablecoins, are on the rise.