Papua New Guinea has been urged to look toward a digital money economy where the infrastructure is not expensive.

This was revealed by ‘Futurist’ Mark Pesce, the keynote speaker at the 2017 PNG Investment Conference which started yesterday in Sydney.

Mr Pesce who is a leading futurist, author, entrepreneur and innovator at the forefront of the digital revolution for thirty-five years suggested there should be a marriage between banking and telecommunications.

Mr Pesce said that all goods will be traded on digitally distributed ledgers in the future and in less than 20 years, autonomous drones could be flying across PNG.

“PNG needs to foster an app development sector,” stressed Mr Pesce.

He gives organisations from virtual reality to education, finance, manufacturing, transportation and communication, the tools they need to think effectively about the future, its opportunities, and its disruptions.

He is the co-inventor of VRML, a 3D interface to the world wide web. He is the author of six books and, for seven years, was a panelist and judge on the Australian Broadcasting Corporation’s hit series The New Inventors, celebrating the newest inventions and inventors.

Other speakers at this two days event include The Governor of the Bank of Papua New Guinea, Loi Bakani and the founder of Kumul Gamechangers, Anthony Smare.