2019 came to our door and each year that passes it becomes more evident that we need to achieve a change of habits regarding to our economy, our way of consuming and sharing resources if we want to preserve a good life and the place where we are living. This task will not be easy, but it is necessary. We could go on to list all the things that urgently need a change of consciousness on our part, but we will not concentrate on everything in this article. I just know that future generations need us to become aware and start doing something. Today we are going to see how new technologies but especially IOTA can be part of the solution to solve some of the problems we will see below.
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Let’s review some facts
- Our current economy leads us to a huge disparity between those who have the most and those who do not. Our economy always depends on centralized entities, there’s always a middle man, to whom we must provide personal information with which they then profit. We don’t own our data.
- Scientists claim that if we do nothing global warming will lead us to extinction, (Yes, I don’t want to be extremist, but it’s true), while we could lose an enormous amount of species due to man-made deforestation or climate change. Glaciers began to melt several times faster which could cause a drastic change in the water course.
Our economy is still governed by fuel fossils since the discovery of oil in 1859. This discovery brought with it a great revolution and much improvement in people’s quality of life from the arrival of steam locomotion and then the appearance of Henry Ford’s cars, telegraph and then telephone communications, and so on. But now we need another Industrial revolution: the Internet of Things.
The Internet of Things promises to bring one of the most bright changes in our lives. It has become one of the fastest growing markets in the last year and with this exponential growth, the development of PoCs related to IoT has been increasing. A decade ago we saw the arrival of cryptocurrencies from the hand of Bitcoin who proved that decentralization was something possible, but since IOTA entered the scene we discovered a whole new perspective, not only talking about crypts but also for the IoT industry.
In the era of Internet-of-Things, anything that has a chip in it can be leased to others that have a use for it when you don’t. This applies equally to a person’s possessions such as cars and appliances, and industrial titans with massive shopfloors. Enabled by IOTA’s zero fee transactions, its shared consumption can be compensated for in real-time for the exact usage.
This new fine-granular sharing economy has profound implications for business models and ownership itself. IOTA gets rid of the cumbersome and wasteful subscription models or trust-dependent pay before/after by moving the economy to the present. Individuals and machines pay for exactly what they consume when they consume it. With the shift toward a market where consumers pay for usage rather than ownership, it incentivizes manufacturers to construct products that last and are easily recyclable. In short: IOTA plans to make planned obsolescence obsolete. The result of this is entirely new value chains and a more sustainable supply chain and accompanying economy.
The change has started
Just think about it, some families own more than two cars, without being aware that this simple fact that seems to give some comfort and status, also generates a large emission of pollutant gases to our atomosphere by the simple fact of using fuel, and as long as the cost of this fossil fuel remains relatively cheap people will continue to use it.
With the use of electric cars those emissions would decrease significantly and we could generate money by sharing our car the time we do not use it and generate an extra income. The more comfortable it would be that the energy loads between the car and a loading station, is automatically made through a platform that allows transactions between these two machines.