Friday, 23 October 2015

Real-time economy

The following is an interesting entry on what is referred to as the Real-time economy. In Transfinancial Economics the RTE plays a vital role in the development of a new economic system in which virtually all transactions are recorded in RT.

Ref is made the University of Aalto in Finland with which I have had some dealings in past. See my evolving project of Transfinancial Economics

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Real-time economy is an environment where all the transactions between business entities are in digital format, increasingly generated automatically, and completed in real-time (as they occur) without store and forward processing.[1] The real-time enterprise is a giant spreadsheet of sorts, in which new information, such as an order, is automatically processed and percolates through a firm's computer systems and those of its suppliers.[2] The core objective of the real time economy is the reduction of latency between and within processes. Latency reduction will reduce capital occupancy costs by occupying assets (physical and labor) for less time.[3]
The concept of Real-Time Economy was created and is under development by the University of Aalto in Finland.[4]


  1. Jump up ^ Real-Time Economy Community,
  2. Jump up ^ The Real-Time Economy: How about Now? Ludwig Siegele - The Economist, February 1, 2002
  3. Jump up ^ The Real-time economy: The Technological Basis for Reengineered Business Reporting, Rutgers Accounting Web,
  4. Jump up ^ Gospodarka czasu rzeczywistego - biznesowy tygrysi skok,,gospodarka-czasu-rzeczywistego-biznesowy-tygrysi-skok.html

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