Disruptive technologies and the creation of these assets have potential benefits, the most important being those related to financial inclusion, reduced informality and tax evasion, and the promotion of safer and more efficient electronic payments. However, risks, concerns, and costs also arise. In particular, there is the need to develop technical capacity and adapt informationtechnology resources towards cybersecurity. With regard to anonymity, this can generate problems as it discourages users from working with information under these constraints. Finally, if digital currencies are not Page 1 of 4  Central Bank of Chile October 2019  universally accepted and financially exclude the population less integrated into the new technologies, reputational risks may also emerge. When we talk about the digital economy, we are referring to a wide range of economic activities, and the huge volumes of data they generate. Now there are many new, more timely and granular sources of information, but largely unstructured for statistical purposes. This imposes statistical agencies a new role in data management, which involves the application of efficient and secure practices for data storage, handling and dissemination. As the exploitation of administrative records and alternative sources that qualify as big data consolidates, it presents an opportunity to complement the indicators currently available. Similarly, we need professionals with the necessary skills to exploit these great volumes of information, along with a technological infrastructure that allows the efficient storage and processing of such volumes. From a global standpoint, digitization has modified the perception of distance, reducing the costs of crosscountry coordination.

  In 2017 we published our first effort to measure research and development as a productive asset in the National Accounts.   In addition, we recently began to explore new administrative data such as electronic invoices from the Tax Office, which will complement the country’s national and regional statistics. The results of these projects will be included in the release of the 2018 benchmark compilation, scheduled for 2021.   This year, we published a second effort to evaluate Chile’s value added in international trade, which identified the presence of heterogeneity among the various industries. This will allow improving the inputoutput estimates and the description of the productive interrelations of the Chilean economy. During this Conference we will consider the experiences of Germany and Portugal in having a microdata repository that gives access to third parties, for analysis and research, with due protection of confidential information. In a similar fashion, we are developing an institutional Data Warehouse, strengthening the technological architecture and infrastructure that will allow us to organize, integrate and analyze a large amount of information, enhancing the construction of indicators and applied research in an efficient and timely manner. The Third Conference on Statistics Spaces for reflection and dialogue such as the one that this day-and-a-half provides, are essential to deepen and improve our understanding of the phenomena described. Throughout the sessions, we hope learn about the progress made by international organizations, other central banks, statistical offices and researchers in these areas.