Setting Standards for a Competitive Economy: In the Era of 5G, Internet of Things and the Blockchain Technology Tyagi Kalpana Legal Informatics, Department of Law, Aarhus University, School of Business and Social Sciences, Aarhus, Denmark. kt@law.au.dk, kalpana.tyagi@emle.eu JEL Classification: 3-D, 2G, 3G, 4G, 5G Online published on 12 August, 2019. Abstract Transition from 2G to 3G to 4G and now the promised 5G is discontinuous. Amongst all, the transition to 5G is expected to be the ‘most discontinuous’. With connected devices talking to each other in connected smart cities and factories and the blockchain technology maintaining a ‘ledger of all the transactions’, following three key challenges emerge – first, interoperability amongst devices for smooth functioning of the 5G ecosystem; second, preserving the integrity of the infrastructure to prevent any potential manipulation of the networks and third, setting standards for the competitive advantage of an economy. The Make in India and Digital India can be a reality only if the three identified challenges are addressed through systematic policy efforts and publicprivate partnerships. Using an inter-disciplinary methodology using insights from business strategy and comparative approach by assessing the policies of different countries such as the US, the EU and China, this article - part of series of articles dealing with standard setting in the era of 5G - first, elaborates on the relevance of standard setting in the era of 5G, followed by a discussion on India's preparedness for the same. Top Keywords Standard setting, Innovation, 5G, World trade organization, International telecommunications union, Sustainable development, Make in India, Digital India. Top |