Аннотация
The study explores three main elements of digitalization such as Artificial Intelligence, Blockchain, and Robotic Process Automation. In addition, the study properly defines the issue of digitalization and focuses on its benefits and disadvantages. All benefits and disadvantages of digitalization were carefully presented in the study. Moreover, the effect of digitalization on the world economy was discussed in detail. The need for global ethical rules and standards was presented as well. The study is purely theoretical and descriptive.