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Third Industrial Revolution Consulting Group<br />

needed to innovate and move towards a circular economy. Future generations will be able to<br />

adapt and cope with constant change, and will have a deeper systemic understanding of the<br />

biological cycle and be capable of using the latest technologies to create a virtuous circular<br />

society.<br />

A clear opportunity for Luxembourg is the commitment from the current government to<br />

implement a circular economy strategy. An effective local network will need to be backed by a<br />

strong financial sector.<br />

With the government’s full support and the right legal framework, Luxembourg could become<br />

the global center for a “safe but transparent” approach to products as services. Such a<br />

transparent approach empowers prosumers and companies by providing the tools for a<br />

distributed and decentralized approach to marshalling local materials and creating seamless<br />

product loops in line with the TIR philosophy of establishing a distributed, transparent, and<br />

democratic approach to renewable energy production.<br />

Interconnecting the Circular Economy<br />

Just as circularity is indispensable to the goal of increasing aggregate efficiencies and reducing<br />

ecological footprints, it is, in turn, contingent upon an interconnected digital network<br />

composed of the Communication Internet, Energy Internet, and Mobility Internet in managing,<br />

powering, and moving economic activity in a virtuous circular economy (CE).<br />

The scale and complexity of the European Union’s €14.3 trillion economy, let alone the €70<br />

trillion global economy, is so vast and data-massive that to perform the granular-scale tracking<br />

of energy, materials, chemicals, water, and related levels of emissions, air and water pollutants,<br />

hazardous wastes, soil contaminants, sewage and toxic effluents requires advanced computing<br />

technologies integrated with the Internet of Things, Services and Networks (IoT, IoS, IoN).<br />

The world produces a prodigious quantity of data, information and knowledge – as much in 24<br />

months than in recorded history, according to Google Chairman Eric Schmidt. Data usage over<br />

the Internet in 2016 is projected to exceed a trillion gigabytes, or one zettabyte, and this<br />

amount is predicted to double over the next 36 months. More than 10 billion devices are<br />

connected to the Internet and that number may explode 10,000-fold to 100 trillion Internet<br />

connected wireless smart sensor network devices within the next 15 years (see visual below).<br />

Such exponential growth rates have been most recently witnessed with mobile phones. Mobile<br />

data traffic has grown nearly 400-million-fold over the past 15 years, according to Cisco’s 2016<br />

Visual Networking Index report.<br />

Luxembourg is poised to take advantage of this extraordinary techno-takeoff. Over the past 15<br />

years the nation has quintupled its public R&D support, with a strong focus on advanced ICT<br />

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