The Second Pillar of the Circular Economy is the Extension of the Life-Cycle, meaning to extend the durability of instruments and tools through a monitoring of the status AND the eventual decentralization of the production line.
I am talking deeply about this Congress as I have been both the Scientific Director and Moderator, thanks to Ailanto that gave me the opportunity.
Ailanto Srl is an Italian company that deploys and realizes projects into the Cryptocurrency space, at all levels, for private individuals up to public infrastructures.
Source: Ailanto's pictures from the congress. Me and Eng. Giuseppe Domenico Padula at his speech opening.
This congress was not going to be possible if not for:
LightSky Consulting as Main Sponsor
Ailanto as Main Sponsor
Decentra as Scientific Committee (where I am part of the Scientific Board).
This pillar was made by two different speeches: the first one was held by Eng. Giuseppe Domenico Padula, that is Regional Branch Organiser/ Digital Twin Consortium – Boston, MA, working on a huge project for the US Defense Minister. The second speech was held by Franco Cimatti, that was the first one translating the Bitcoin Whitepaper into Italian, creating the first Italian Bitcoin community.
In the first speech, Giuseppe Padula spoke about the importance of the distributed production line, allowing each single part of the product/process to be performed in the lowest time (where there is no waiting queue) and with the best conditions, meaning, where there are the best professionals that can perform the task.
Giuseppe started with this quote from Zygmunt Bauman:
“Modernity arises when space and time are separated from each other and from the experience of everyday life, thus becoming theorisable as distinct and independent categories of strategy and action; when they cease to be, as happened over the long centuries
pre-modern, the interconnected and therefore barely distinguishable aspects of experience
In modernity, time has a history, .. the lengthening of the spatial extensions that time units allow you to "pass", "cross", "cover" or conquer.
Time unlike space itself, which is not flexible, cannot be dilated,
nor does it contract, it becomes a matter of ingenuity, imagination and human resources.”
And this other from Michael. E. Porter
“Strategy can be viewed as building defenses against the competitive forces or finding a position in the industry where the forces are weakest.
“One of the essential tasks in industry analysis is to distinguish temporary or cyclical changes from structural changes.”
The following is the comparison between two different Chains: the first one structured in a traditional way while the second, structured in a digital form on a platform where process can be stored and optimized.
Source: both of the above images are taken from Giuseppe Domenico Padula’s presentation from the congress: https://www.ailanto.io/5-pilastri-delleconomia-circolare/
The second intervention was carried out by Franco Cimatti, speaking about the possibilities connected to Oracles AND Token Economy to power up ecosystems.
Below the explanation of the mechanism of Oracles.
Source: images is taken from Franco Cimattis’s presentation from the congress: https://www.ailanto.io/5-pilastri-delleconomia-circolare/
And here the difference between a Centralized Oracle
Source: Both of the images above are taken from Franco Cimattis’s presentation from the congress: https://www.ailanto.io/5-pilastri-delleconomia-circolare/
An interrogation that Franco raised was about the relevance of Oracles into the industrial field and in general for process monitoring.
In the case that the Oracle is trustworthy, it can be useful.
By trustworthy we mean both RELIABLE and DECENTRALIZED (to avoid corruption).
What are your takes on that?
