The article further explores the Decentralization Movement, which aims to distribute power and control away from central authorities, with blockchain being a prominent example. The author suggests that by combining decentralization and circularity with exponential technologies and Big Bang Disruption, businesses can minimize waste and maximize resource efficiency. The author also highlights the importance of regulatory changes in this evolving landscape, citing examples of regulatory sandboxes and the European Commission's new circular economy action plan.
Key takeaways:
- The combination of exponential technologies and Big Bang Disruption, along with circularity and decentralization, can lead to business growth and improved lives.
- Circularity is a sustainable model that advocates for resources to be continuously reused, repaired, refurbished and recycled, aligning innovation with sustainability.
- Decentralization represents a shift in governance and technology, distributing power and control away from central authorities, with blockchain being a prominent example.
- Regulatory changes are necessary to accommodate these shifts, with regulatory sandboxes being used in multiple countries to allow innovators to test new technologies without full compliance with existing regulations.