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Blockchain and the importance of sustainability in new age technology

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By Pratik Gauri

The Fourth Industrial Revolution held the promise of increased productivity through automation of manual tasks. It envisioned a world of unleashing human creativity and unlocking technological potential. While the jury is still out on whether it will meet its promise, what is alarmingly obvious is the disastrous impact it has had on climate change and sustainability. The Fourth Industrial Revolution’s “for-profit” paradigm has caused excessive depletion of natural resources, climate change, and biodiversity loss. The need for a paradigm change from for-profit to for-benefit is pertinent. 

Sustainability is an integrative, holistic, and long-term approach that advocates a balance between economic, social, and ecological dimensions. Businesses of today cannot just look at profit maximization as the only metric of success. Building relevant businesses needs an intrinsic connection between sustainability and profitability. Sustainability in the new age tech can be driven through disruptive innovation buttressed by societal transformations toward a more…

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