3FOOD

More documents

Recommendations

Info

Third Industrial Revolution Consulting Group Alternative currencies, often referred to as community currencies, local exchange trading systems (LETS), or micro currencies, began to take hold in locales around the world after the economic collapse of 2008. Alternative micro currencies are really social currencies that enable the collaborative exchange of goods and services to flourish in the Sharing Economy. As in other areas of the Sharing Economy, people are bypassing the middlemen, the markups, and the interest rates imposed by credit card companies, and exchanging their labor time directly with one another. But what makes this different from old-fashioned, one-on-one bartering of services is that Webgenerated apps provide individuals with a mechanism to store and use points, represented by comparable labor time, for the exchange of all kinds of goods and services, in both the social economy and market economy. There are more than 4,000 micro currencies in circulation around the world. Many of them are based on the labor time one person gives to another in making a good, repairing an item, or performing a service. The hours are stored in a time bank, just like cash, and exchanged for other hours of goods and services. Other community currencies traded in LETS are designed to facilitate the exchange of goods. The WIR currency in Switzerland credits sales against future purchases for its members. When a seller receives credit for an item sold, it can be spent buying another item from another WIR member. Community currencies are also employed, in part, to prevent wealth from leaking out of the community. BerkShares, in the Berkshire region of Massachusetts, is one of a number of social currencies that is designed to encourage local buying. Members purchase BerkShares from any of the six banks in the region at the same exchange rate as the dollar, with a little extra bonus. If a member deposits $95, he or she is given $100 worth of BerkShares from the bank, making the exchange a net gain for the member. He or she then uses the shares to purchase goods and services in local business establishments, which ensures that the money continues to circulate in the local economy. Virtual currencies like Bitcoin are also proliferating in peer-to-peer digital networks. Industry analysts expect to see the emergence of thousands of virtual currencies circulating on new digital platforms in the coming decades. Luxembourg’s financial services industry is likely to play a prominent role in establishing the new virtual currencies or managing the accompanying platforms. Bitcoin and other virutual currencies have suddenly become viable because of the emergence of Blockchain technology. This new technology, once perceived as a threat to the very existence 252
Third Industrial Revolution Consulting Group of the financial sector, is beginning to be embraced by financial institutions anxious to reduce fixed and marginal cost in their day-to-day business operations. Blockchain is a digital distributed ledger which allows parties to log transactions directly with one another, eliminating intermediaries and centralized clearing houses. The near zero marginal cost of blockchain transactions disrupts the conventional financial industry model, forcing the sector to adapt or perish. The new digitally mediated funding mechanisms make possible a new generation of investment capabilities that foster a higher level of economic performance. 200 Digital financial literacy go hand-in-hand with the new digital financial platforms and require a wholesale transformation in financial education. This should be a key priority, given Luxembourg’s status as one of the leading financial capitals in the world. A Synergistic Deployment of the Integrated Proposals Holds Considerable Promise Plugging into an Internet of Things infrastructure and creating new business models will reposition the financial sector in Luxembourg as the leader in the new digital economy. European investment on infrastructure-related projects totaled $741 billion in 2012, much of it to shore up a second industrial revolution general purpose technology platform that is outmoded, and whose productivity potential has long since been reached. 201 If just twenty five percent of these funds were redirected and earmarked in every region of the European Union to assemble an Internet of Things infrastructure, the Digital Union could be phased in between now and 2040. Clearly, Luxembourg’s financial sector will play a critical role in the investment opportunities that accompany the build out and scale up of an Internet of Things smart Digital Europe. The European Investment Bank has recently reprioritized its lending criteria for the allocation of regional development funds. In the quest to advance the Digital Europe agenda and the integration of an integrated single market, the EIB has prioritized funds focusing on the key pillars that make up the infrastructure for the Internet of Things platform. These priorities include allocation of funds for the research, development, and deployment of digital communication and Big Data, the digital Energy Internet, the digital Transportation and Logistics Internet, and the adaption of digital technologies for smart buildings. European Investment Bank funds are often leveraged with additional private funds to provide the financial resources necessary for the build out of the new digital infrastructures. Nations like Luxembourg seeking investment funds are best-served by developing road maps that transform their jurisdictions into fully digitalized economies. 200 Willard, Rik and Michael Casey, The Agentic Group, The Blockchain Opportunity in Luxembourg (May 19, 2016). 201 See: http://www.reuters.com/article/us-europe-infrastructure-slowdown-idUSBRE92R04H20130328 253
Page 1 and 2:
THE TIR CONSULTING GROUP LLC THE 3
Page 3 and 4:
Third Industrial Revolution Consult
Page 5 and 6:
Page 7 and 8:
Page 9 and 10:
Page 11 and 12:
Page 13 and 14:
Page 15 and 16:
Page 17 and 18:
Page 19 and 20:
Page 21 and 22:
Page 23 and 24:
Page 25 and 26:
Page 27 and 28:
WEAK PUSH FROM POLICY AND REGULATIO
Page 29 and 30:
Page 31 and 32:
Page 33 and 34:
Page 35 and 36:
Page 37 and 38:
Page 39 and 40:
Page 41 and 42:
Page 43 and 44:
Page 45 and 46:
Page 47 and 48:
Page 49 and 50:
Page 51 and 52:
Page 53 and 54:
Page 55 and 56:
Page 57 and 58:
Page 59 and 60:
Page 61 and 62:
Page 63 and 64:
Page 65 and 66:
Page 67 and 68:
Page 69 and 70:
Page 71 and 72:
Page 73 and 74:
Page 75 and 76:
Page 77 and 78:
Page 79 and 80:
Page 81 and 82:
Page 83 and 84:
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
Page 95 and 96:
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
Page 143 and 144:
Page 145 and 146:
Page 147 and 148:
Page 149 and 150:
Page 151 and 152:
Page 153 and 154:
Page 155 and 156:
Page 157 and 158:
Page 159 and 160:
Page 161 and 162:
Page 163 and 164:
Page 165 and 166:
Page 167 and 168:
Page 169 and 170:
Page 171 and 172:
Page 173 and 174:
Page 175 and 176:
Page 177 and 178:
Page 179 and 180:
Page 181 and 182:
Page 183 and 184:
Page 185 and 186:
Page 187 and 188:
Page 189 and 190:
Page 191 and 192:
Page 193 and 194:
Page 195 and 196:
Page 197 and 198:
Page 199 and 200:
Page 201 and 202: Third Industrial Revolution Consult
Page 215 and 216: Automotive sector Third Industrial
Page 251: Third Industrial Revolution Consult
Page 273 and 274: Capacity (GWp) Third Industrial Rev
Page 303 and 304:
Page 305 and 306:
Page 307 and 308:
Page 309 and 310:
Page 311 and 312:
Page 313 and 314:
Page 315 and 316:
Page 317 and 318:
Page 319 and 320:
Page 321 and 322:
Page 323 and 324:
Page 325 and 326:
Page 327 and 328:
Page 329 and 330:
Page 331 and 332:
Page 333 and 334:
Page 335 and 336:
Page 337 and 338:
Page 339 and 340:
Page 341 and 342:
Page 343 and 344:
Page 345 and 346:
Page 347 and 348:
Page 349 and 350:
Page 351 and 352:
Page 353 and 354:
Page 355 and 356:
Page 357 and 358:
Page 359 and 360:
Page 361 and 362:
Page 363 and 364:
Page 365 and 366:
Page 367 and 368:
Page 369 and 370:
Page 371 and 372:
Page 373 and 374:
Page 375 and 376:
Page 377 and 378:
Page 379 and 380:
Page 381 and 382:
Page 383 and 384:
Page 385 and 386:
Page 387 and 388:
Page 389 and 390:
Page 391 and 392:
Page 393 and 394:
Page 395 and 396:
Page 397 and 398:
Page 399 and 400:
Page 401 and 402:
Page 403 and 404:
Page 405 and 406:
Page 407 and 408:
Page 409 and 410:
Page 411 and 412:
Page 413 and 414:
Page 415 and 416:
Page 417 and 418:
Page 419 and 420:
Page 421 and 422:
Page 423 and 424:
Page 425 and 426:
Page 427 and 428:
Page 429 and 430:
Page 431 and 432:
Page 433 and 434:
Page 435 and 436:
Page 437 and 438:
Page 439 and 440:
Page 441 and 442:
Page 443 and 444:
Page 445 and 446:
Page 447 and 448:
Page 449 and 450:
Page 451 and 452:
Page 453 and 454:
Page 455 and 456:
Page 457 and 458:
Page 459 and 460:
Page 461 and 462:
Page 463 and 464:
Page 465 and 466:
Page 467 and 468:
Page 469 and 470:
Page 471 and 472:
Page 473 and 474:
Page 475:
show all

3FOOD

Create successful ePaper yourself

Delete template?

Save as template?