Our world population is growing at a fast pace. This of course is affecting the conditions of our environment. So, to ensure a comfortable environmental existence for the generations to come and, most important, that there will be enough food, water and prosperity in 2050, we need to switch from a linear to a circular economy. The aim is to ensure healthy and safe living and working conditions and cause less harm to the environment.
For a bit more detail we could say, for a long time, our economy has been ‘linear’. This means raw materials used to make a product ultimately ends up as waste. In an economy based on recycling, materials are reused which in the end just postpone the process of going to waste. As an example, waste glass is used to make new glass and waste paper is used to make new paper. In short, a linear economic model relies on large quantities of cheap, easily accessible materials and energy mainly due to competitive pricing. In a linear economic model resources are extracted, shaped into products, sold, and eventually disposed as waste of some kind and, ending up in a landfill or incinerator. Each year around 80% of the $3.2 trillion worth of materials used in consumer goods are not recovered (Nguyen, Stuchtey &Zils 2014). Still largely used in our economy, this model is exhausting our planet and polluting the environment, leading to exhaustion of our planet’s raw materials and rising costs.
In order to understand the concept of circular economy, one must keep in mind the current economy is main built on the fundamental building blocks of a dominant linear economy.
From a traditional point of view, production and consumption was embedded to consumers’ minds as a linear approach, creating thus the opportunity for Core Token to introduce its ÐAO 2.0 Ecosystem. The Core Token’s ÐAO 2.0 protocol and smart contract platform automate a wide range of internal and external processes, procedures, operations and transactions. It is a broad ecosystem of automated, borderless companies, all doing business on interoperable blockchains.
