The Fourth Industrial Revolution held the promise of increased productivity through automation of manual tasks. It envisioned a world of unleashing human creativity and unlocking technological potential. While the jury is still out on whether it will meet its promise, what is alarmingly obvious is the disastrous impact it has had on climate change and sustainability. The Fourth Industrial Revolution’s “for-profit” paradigm has caused excessive depletion of natural resources, climate change, and biodiversity loss. The need for a paradigm change from for-profit to for-benefit is pertinent.
Sustainability is an integrative, holistic, and long-term approach that advocates a balance between economic, social, and ecological dimensions. Businesses of today cannot just look at profit maximization as the only metric of success. Building relevant businesses needs an intrinsic connection between sustainability and profitability. Sustainability in the new age tech can be driven through disruptive innovation buttressed by societal transformations toward a more sustainable and equitable world. Blockchain is one powerful way of doing this.
Blockchain is a digitally distributed, decentralized ledger that helps to verify and trace multi-step transactions. A blockchain is fundamentally a new form of computing architecture that brings transformational new capabilities, much like the internet in the 90s or the smartphone in the late 2000s.
Most notable among the features that blockchain technology has brought are its distributed and immutable ledger and advanced cryptography, which bring trust to large-scale computer networks.
Continue reading: https://www.financialexpress.com/blockchain/blockchain-and-the-importance-of-sustainability-in-new-age-tech/2754690/
Sustainability is an integrative, holistic, and long-term approach that advocates a balance between economic, social, and ecological dimensions. Businesses of today cannot just look at profit maximization as the only metric of success. Building relevant businesses needs an intrinsic connection between sustainability and profitability. Sustainability in the new age tech can be driven through disruptive innovation buttressed by societal transformations toward a more sustainable and equitable world. Blockchain is one powerful way of doing this.
Blockchain is a digitally distributed, decentralized ledger that helps to verify and trace multi-step transactions. A blockchain is fundamentally a new form of computing architecture that brings transformational new capabilities, much like the internet in the 90s or the smartphone in the late 2000s.
Most notable among the features that blockchain technology has brought are its distributed and immutable ledger and advanced cryptography, which bring trust to large-scale computer networks.
Continue reading: https://www.financialexpress.com/blockchain/blockchain-and-the-importance-of-sustainability-in-new-age-tech/2754690/
