Alastair Marke, BBA’s Advisor on Climate Change, Green Energy and Sustainability, was invited to The Third UK-China Reform and Innovation Forum by Chatham House on the 11th June.
Alastair explained how blockchain and emerging technologies are driving a new industrial revolution and green finance.
He explained how this ‘Fourth Industrial Revolution’ is “about a fusion of technologies that is blurring the boundaries between the physical, digital and biological spheres.”
It is also known as ‘Industry 4.0’ — a term for the current trend of automation and data exchange in manufacturing technologies. This is being made possible by a number of emerging technologies including the Internet of Things, Big Data, cloud computing, Artificial Intelligence, robotics and 3D printing.
Alastair explained that blockchain holds the ‘key’ to integrate these technologies and therefore will drive this New Industrial Revolution.
“Blockchain is often referred to as the ‘Internet of Value’. While blockchains are already instrumental in decentralising the entire financial market structure as it’s poised to improve the oversight of international markets by providing policymakers with near real-time data on financial flows and asset class risks, blockchains, in our view, are, likewise, the cornerstone of the New Industrial Revolution.”