Hello cryptopians,

What do you think of CRYPTOLIZATION as a verb?

Cryptolization – Global Wealth Digitalization Process.

The Cryptolization Index (CIX) is an index (or measure/value) of the Total Crypto Market Capitalization relative to the Global Wealth in USD. The Index goes up when the CryptoMarketCap gains “strength” (value) when compared to the Global Wealth.

CIX measures changes in the price level based on percentage change. The annual percentage change is used as a measure of progress of the cryptolization process.

The CIX is a statistical estimate constructed using the most closely watched crypto economic statistic.

The index reference period, usually called the base year, is 2009. This is just a matter of rescaling the whole time-series to make the value for the index reference-period equal to 100.

The Cryptolization Index (CIX) is maintained and published by ExBank, with the name “Cryptolization Index” a registered trademark.

CIX is also responsible for monitoring & evaluating activities of the related international indicators and indices that could affect the crypto capitalization.

It is designed and compiled using ExBank classification and weighted average calculation method.

Digital Evolution

The debate surrounding digitalization in XXI has gained increased practical importance for politics, business and social issues, and is linked to political work issues for community development, new changes in the practical business approaches, effective opportunities for organizations in operational and business process development, with effect on internal and external efficiency of IT.

Digitalization (process) and the crypto transformation (effect) are collectively accelerating the global and societal transformation process.

Cryptolization is the process of the technologically-induced change within digital economies. This process has enabled much of the phenomena today known as the Internet of Things, Industrial Internet, Industry 4.0, Big Data, machine to machine communication, Blockchain, Cryptocurrencies etc.

The academic discussion surrounding digitalization has been described as problematic as no clear definition of the phenomena has been previously developed. A common misconception is that digitalization essentially means the usage of more IT, in order to enable and take advantage of digital technology and data.

This early definition however, has largely been replaced by the cryptolization definition, now linked to holistic views on business and social change, horizontal organizational and business development, as well as IT. Cryptolization now is described as “the total and overall social effect of digitalization”.

Digitization has enabled the process of digitalization and digitalization leads to cryptolization, which resulted in stronger opportunities to transform and change existing business models, consumption patterns, socio-economic structures, legal and policy measures, organizational patterns, cultural barriers, etc.

Cryptolization therefore accelerate and illuminate the already existing and ongoing horizontal and global processes of change in society.

In October 2017 a survey of 890 CIOs and IT Directors across 23 countries by Logicalis Group established that 44% of respondents felt complex legacy technology is the chief barrier to digital transformation, with 51% saying they planned to adapt or replace existing infrastructure as a means of accelerating digital transformation. We sure it is all about cryptolization.