REPOST: 5 disruptive technologies driving the circular economy

Technology is creating new standards for what quality service means as far as companies are concerned. Read the article below from Greenbiz to know how some disruptive technologies are reinventing businesses’ competitive nature:

Apple’s robot, Liam, can split old iPhones into their components for reuse in 11 seconds.

Increased transparency, new customer expectations and emerging technologies are disrupting traditional sources of competitiveness.

From mobile to machine learning, big data to blockchain, seemingly there’s no end to what technology can enable or improve.

As we enter the Fourth Industrial Revolution, new technologies carry immense opportunities to transform the way we do business. These technologies are driving new ways of creating value in a circular economy, for both emerging and established businesses alike.

Given the fragility of the linear economy, based on its reliance on finite natural resources for growth, and as we move ever closer to the brink of our planet’s boundaries, it seems companies with their heads in the clouds could be the key to unlocking the value in a regenerative, recycling economy.

Technology and sustainability
Technological advancement has catalyzed the development and implementation of circular business models, driving new processes, new communication channels and new operational efficiencies that enable the decoupling of resource use from economic growth across industries and on a global scale.

Digital, physical and biological technologies are quickly maturing and, in some cases, demonstrating exponential growth in their application and uptake.

While digital technologies are based on computer sciences, electronics and communication, physical technologies focus on the basic property of materials, energy, forces of nature and their interaction. Meanwhile, biological technologies are primarily based on the structure and function of living organisms, their systems or the derivatives thereof.

Together, this combination of technologies gives an injection of momentum to disrupt current industry models. Here’s a selection of leaders.

1. Rubicon Global (cloud, big data)
Rubicon’s cloud-based, big-data platform connects waste producers with a network of independent waste haulers across 50 states in the US and Canada, as well as 18 more countries. This enables higher diversion rates from landfill, creative reuse of waste material, optimized truck routes and the detailed analysis of waste data.

2. NCC (mobile)
Through their open eco-system, Loop Rocks platform, NCC are allowing the inherently asset-heavy construction industry to become more resource efficient. Their app makes waste from over 600 sites available to other companies at a reduced price, optimising the handling of waste and secondary masses in a smarter, cost-effective and more environmentally conscious manner.

3. Hello Tractor (machine-to-machine communication and mobile)
Based in Nigeria, Hello Tractor uses mobile technology to enable over 250,000 small-hold farmers to obtain tractor services on demand, improving their food and income security. Furthermore, the tractors are fitted with M2M technology to share information on the vehicle and its efficiency, in turn maximizing the use, extending the tractor’s usable lifecycle and increasing the value yielded from the machine.

4. Apple (robotics)
Liam, Apple’s iPhone disassembly robot, has 29 arms and is capable of dismantling a discarded iPhone in 11 seconds, and separating its component parts into usable materials, capturing the value from previously discarded resources at an unprecedented rate. To date, Apple has captured 61 million pounds of material that is reusable in future products, including 2,204 pounds of gold, to a value of $40 million.

5. gCycle (bio-based materials)
Pioneers in the eco-friendly diaper industry, gCycle’s gDiaper is the world’s first certified cradle-to-cradle, 100 percent compostable children’s diaper. By replacing oil-based plastic with non-GMO corn biofilm, gDiapers allow childcare centers to divert 80 percent of their waste stream from landfill.

Technology is central to enabling and driving value in the circular economy. The importance and role of it is recognized by the Circulars, the world’s premier circular economy award program.

Top cybersecurity threats targeting the Financial Industry

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How the Internet revolutionized several industries may have contributed to better and more efficient ways to carry out tasks, but it has also brought with it risks and threats that could bring any business or industry to ruins. For instance, the financial industry is quite familiar to the darker and less productive side of this widely celebrated technology. For many years, this particular sector has been at risk for hundreds and thousands of security attacks in the past – and these threats continue to terrorize small and big finance institutions worldwide.

Let’s take a look at some of the most notorious cybersecurity threats targeting the financial sector today.

DDOS Attacks

Distributed Denial-Of-Service (DDOS) attacks have been known to disrupt services and process in many large corporations. One example is in 2016 when Dyn, the famous company that offers Internet services for several social media giants, was hit with a DDOS attack. The breach has caused outages in many of its clients like Paypal and Amazon.

Risks in Open Ports

Technically, they are relatively harmless but it will always depend on the type of information transferred and managed through these ports. For instance, the availability of sensitive data and confidential information can increase the chances of a potential breach – and such conditions make companies in the financial industry at higher risk. According to cybersecurity experts, one way to lower the danger of using open ports is to have regular and thorough network clean up and proper port management.

Threats of Third-Party Cybersecurity

The financial services sector is well aware of the importance of carefully scaling their cybersecurity program to be able to systematically monitor their vendor’s security positions. That’s why many big companies have made it a priority to carefully and regularly screen every vendor they work with.

The Bottom-line

When trying to engage in any financial transaction, always make sure that you are working with a well-established company with top-notch security software installed in their system. The Internet is not necessarily bad, but it is repeatedly being abused. Fortunately, many industry leaders and innovators (such as LOM Financial) have been quite successful at protecting clients’ security, financial welfare, and wealth management needs amid all the risks.

REPOST: Can a Giant Science Fair Transform Kazakhstan’s Economy?

Technology has proven to be one of the main pillars of a country’s economic boom. This is exactly what oil-dependent Central Asian country Kazakhstan is trying to achieve, starting with hosting the Expo 2017. Read the full story on The New York Times:

ASTANA, Kazakhstan — By day, the huge and gleaming sphere looks like the spaceship of aliens who may not have come in peace. At night, it blinks out a playful pattern of colors and boosterish slogans on its high-tech outer skin — a few parts light show, a few parts bumper sticker.

Known officially as the Nur Alem, the imposing silver globe is the symbol and centerpiece of Kazakhstan’s latest attempt at an “Open For Business” sign. Five years ago, the country won the rights to stage what is essentially the world’s largest science fair. More than 100 nations built pavilions on a once-empty corner of this capital city. The Kazakh government chipped in a reported $3 billion, and, after an 11th-hour, all-hands push, met a June 10 deadline to open Expo 2017.

The theme of the fair, which closes on Sunday, is “Future Energy.” That may sound like a stab at humor given that oil, gas and metals are the lifeblood of the country. But guided by the hand of Nursultan Nazarbayev, the first and, so far, only president of this former Soviet Republic, Kazakhstan is trying for a dramatic economic makeover.

Five years ago, Kazakhstan won the rights to stage what is essentially the world’s largest science fair, where more than 100 nations built pavilions. | Credit Maxim Babenko for The New York Times

The country does not want to merely sell off state-owned assets. The goal is to wean the nation from a dependence on natural resources and to transform it into a financial hub, the Dubai of Central Asia. There are plans for a new stock exchange overseen by an independent judicial system. Tech start-ups will get the come-hither, too, with the hope of giving rise to Kazakhstan’s own version of Silicon Valley.

All of this will take foreign investors, and not enough of them have reached for their checkbooks yet. As a share of the country’s gross domestic product, net foreign investment has dropped to 3.5 percent, from a high of 13 percent in 2004, the World Bank reports.

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Virtual Reality (VR) will soon take over these top industries

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The Virtual Reality (VR) technology has exceeded consumers’ expectations by introducing creative and flexible innovations that expanded its initial role in the gaming industry to a wider scope of applications in medicine, military, and most especially in business operations. Forward-thinking entrepreneurs are banking on its unique capabilities to sell their products, serve customers better, and stimulate more robust economic activity.

Since this is a new and still growing technology, we can only predict some of its future functions that can significantly change the world as we know it. What we do know is how virtual reality is slowly but effectively influencing business operations, boosting productivity and output by combining both the digital and the physical.

Here are the industries that could potentially benefit from virtual reality (VR):

  1. Human resources and manpower management

Imagine a faster and a more productive recruiting process through the use of VR especially designed to enable recruiters to assess applicants’ skills and performance in real time. The same technology will allow an easy and cost-effective way for candidates to experience the actual home office, to get to know the company – and even to meet with their teams across the globe.

  1. Education and training

Virtual reality will finally allow a reliable and consistent technology-based training that can provide a more productive learning environment for its participants. With an immersive experience and the complete digital, almost-physical tools, companies can boost employee engagement and full participation in tasks and in the facilitation of other necessary trainings.

  1. Advertising and branding

Experts have predicted that virtual reality will play a very important role in promoting and building brand awareness and it will totally transform the marketing and advertising industries as we know it. Nowadays, customers have developed a preference for anything technology-related and being the tech-savvy that they are, they focus on products that can provide convenience, entertainment and tangibility. So how can you provide consumers the ability to physically feel and touch products and services with minimal effort? An immersive experience through VR.

  1. Commercial real estate

Using virtual reality in the real estate industry can greatly boost property sales without needing to spend physical and financial costs compared to its traditional operations. Consumers and potential homebuyers can fully explore multi-dimensional settings and examine properties in real-time without going through the hassle of visiting different locations.

MOOCs: The e-learning trend that’s producing quality workers of the future

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Evolve or lose your relevance. This is the only way to respond to today’s dynamic and ever-evolving call for highly-skilled and up-to-date workers of the modern world and companies know exactly what to do to keep up. Designed to enable workers to regulate their own learning, Massive Open Online Courses or MOOCs became popular as an answer to the workforce’s growing demand for a practical and more accessible way to acquire new and valuable skills.

Many experts believe that a self-guided format of learning can achieve what its tutor-guided counterpart failed to do: to bridge the employee training gap that has been hindering workers to be their best because of different factors and limitations that this old-fashioned method failed to address for years.

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An MOOC and the type of training that it offers can make better and more informed workers who can adapt to any complex and rapidly evolving trade. However, its number one asset relies on the convenience it gives to its learners. For instance, it offers the perfect formula for a well-managed work-life balance, while having an extra time to study online, at their own pace.

The way how this method helps employees to be the best version of themselves as a professional can actually boost their confidence – and for their company, improve employee retention. This is because happy and well-informed employees usually feel fulfilled more satisfied with what they do. This feeling of contentment contributes to their loyalty to the organization because they know that they have all the chance to grow professionally.

Lastly, aside from its benefits to the employee, it’s an economizing option for companies because MOOCs can train and serve an unlimited number of workers.

REPOST: Smart technology needs smart users

Regardless of how smart, green, or sophisticated technology gets, we can’t fully measure its efficiency unless we use it properly. However, that too, can be subject to numerous cognitive biases and misconceptions. Social science, in this case, could be of great help. Learn more from this article on


The energy transition requires digital technologies and interested users who will apply them intelligently. Credit: iStock / amesy


What’s the point of smart assistants and intelligent electricity meters if people don’t use them correctly? In order to cope with the energy transition, we need a combination of digital technologies and smart user behaviour – and the social sciences can help.

A quarter of energy consumption worldwide occurs in the home, and this percentage is increasing, even in OECD countries, despite more efficient fridges and better insulation. The amount of energy a household requires is strongly dependent on the behaviour and purchase decisions of the inhabitants – and both are rarely based on well-informed assessments.

On the one hand, households often invest considerably less in economical appliances and energy efficiency than would be financially advisable. On the other, people who do try to save energy often concentrate their efforts in areas with little impact: they’ll be fastidious about turning off the lights when leaving a room, but will leave the window open, while underestimating how much energy heating and hot water require – over 80 percent of the household total.


Information technology – our salvation?

Numerous companies, organisations and politicians are therefore hoping for digital progress. Intelligent electricity meters and clever apps are supposed to show people where they can most effectively save energy. The results thus far haven’t been particularly encouraging: in large-scale studies on smart electricity meters, the realized savings came to around two percent of a household’s total electricity consumption (or 0.5 percent of its total energy consumption).

This isn’t a huge surprise: during the development of these kinds of systems, the focus is generally on technical and legal questions rather than the issue of how to create designs that will encourage people to actively engage with them. Many system developers assume a user who weighs up and optimises information on the basis of rational economic considerations.


Smart technology can benefit from the social sciences

However, our behaviour is anything but rational. It is subject to numerous cognitive biases and misconceptions. Factors such as social norms (how other people think and act) and defaults (predefined settings) shape our thoughts and actions far more than most of us realise.

Whether we decide in favour of green energy, for example, isn’t just a matter of price: A German power company managed to increase the proportion of new customers choosing green energy ten times over, simply by placing green energy as the default selection in the dropdown menu. And it wasn’t that this change was leading customers to choose green energy by accident. In fact, a study carried out alongside this experiment showed that most people care about the environment – which makes it harder for us to actively refuse green power when the box is already ticked for us.

Decades of work in the social sciences have yielded insights into how information can influence human behaviour, and how we can present information in such a way that people will notice it and react accordingly. Using these insights, systems that provide feedback on energy consumption can be designed far more cheaply and effectively than is currently the case.

Energy providers already have years of experience with data analysis and customer segmentation, and they can now systematically test measures for practicality. However, in order to effectively convince a majority of customers to engage with their own energy consumption, insights into human behaviour are essential.


Social sciences can benefit from smart technology

Smartphones, intelligent gadgets and sophisticated sensors are gathering more and more data in many areas of our lives. They enable the provision of timely and situationally relevant information. Now, for the first time in human history, it’s possible – and cheap – to collect behavioural data “in the wild” and over long periods of time. This provides a valuable addition to the controlled, yet usually artificial, conditions of laboratory studies, which are often associated with high costs. Digital technology also makes it possible to tailor measures to an individual and to continually improve them.


Empowering people – not patronising them

Of course, the goal of this must be the development of systems that support us, but don’t manipulate us. As researchers, we need to ensure that data protection, individual privacy and scientific integrity are maintained. We all need to be aware of the responsibility implicit in working with personal data. In light of this, the combination of digital technologies and social sciences offers major opportunities for the energy transition – and beyond.

R&D: Creating the next economic phenomenon

Scientific and technological breakthroughs have propelled many of history’s greatest economic triumphs. In fact, it is almost always technology that served as catalyst to accelerating local or national development. The invention of the cotton gin, the discovery of oil, the arrival of the Internet, and the proliferation of mobile devices all have played a key role in shaping economies. As such, research and development (R&D) has become a crucial part of any economic plan—whether within a private organization or on a national level.

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R&D has become so important that many countries are willing to allocate a significant percentage of their GDP on innovation. It is perhaps the top reason why the likes of Japan, South Korea, Germany, and the United States have successfully led the world into high tech industries, even causing major revolutions with strong global impact. They have made exemplary advancements in just a matter of less than a decade (social media, for example, was not as widespread as 10 years ago).

As a multidisciplinary activity, R&D ultimately aims to make man’s tasks much easier, economically sound, environmentally sustainable, and socially acceptable.  It tries to effectively create an eclectic model in which all systems—whether corporate or governmental—can use to streamline processes or produce excellent products. While it primarily exists to boost revenues and foster financial competitiveness for the organizations that it is identified with, R&D has also been seen to create new cultures that provide a new understanding about the human condition.

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R&D has the strongest potential to build new economic empires, even more powerful than natural resources themselves (probably why some resource-scarce countries have succeeded to advance their economies). Hence, tech companies form a vital component of many investment portfolios, including those of top asset management companies like LOM Financial. R&D will continue making a central role in many fiscal agenda and will most likely lay out the blueprint of the next economic phenomenon.

REPOST: EU environment and science money moved to military fund

Subsidizing research and procurement of high-end defense technologies isn’t necessarily bad. However, diverting funds to the defense industry earmarked for environmental and climate protection may be an imprudent decision. More details from the EU Observer:


Preparation of the launch of a Galileo satellite in 2014 (Photo: European Space Agency)


The European Commission is proposing to finance parts of its proposed defence fund with money originally allocated to energy, environmental and scientific programmes.

The EU’s executive announced its plan to subsidise research and procurement of high-end defence technologies on Wednesday (7 June), but the origin of the money has gone largely under-reported.

In 2019 and 2020, the commission wants to redirect €145 million that was originally allocated to the Connecting Europe Facility, a programme aimed at integrating European energy markets, increasing energy security, protecting the environment, and promoting interoperability of digital service infrastructures.

Of that sum, €40 million was supposed to go to projects that contribute to “sustainable development and protection of the environment”.

The redirection has irked some environmental groups.

“If it’s correct that the European Commission is proposing to divert funds earmarked for environmental and climate protection to the defence industry – as appears to be the case – this is a new low,” said Magda Stoczkiewicz, director of Friends of the Earth Europe.

“The security of humankind depends on having a liveable climate and healthy planet,” Stoczkiewicz told EUobserver in a written statement.

“More funds, not less, are urgently needed to bring about the transition to a clean, sustainable energy system. In this crucial period when the future of Europe is in the spotlight, the EU institutions needs to demonstrate they are focused on the health of people and planet, not on the interests of the defence industry.”


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Explaining Earth’s weirdest and most ‘beautiful’ natural phenomena

Tourism is a huge business. In places like The Bahamas and Bermuda, for example, it forms part of the economy’s core sectors, along with financial services. Opulent man-made structures and astonishing beaches are often the key drivers of high tourist traffic, but in some cases, ‘weird’ natural attractions could be just as intriguing.


Nature has never failed to amaze us with its mesmerizing wonders and even with the progress of science and research, many of the natural phenomena still remain unexplained. Some of these curiosities on the other hand have recently been answered and we are given the opportunity to enjoy these weird but beautiful marvels without losing out mind.


Here are some of the world’s weird but beautiful natural phenomena that should be in every traveler’s bucket list:


  1. Australia’s pink lakes

As a home to many geological phenomena, Australia is used to all the mysteries that nature has to offer. One example is Lake Hillier’s strawberry-milk lake, one of the country’s most famous bubble-gum colored bodies of water. Even if it was discovered in 1802, it was only recently when scientists concluded that the coloration was caused by a specific bacteria.


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  1. The red crab army

An annual crossing of millions of crabs in Christmas Island has made this national park in the Indian Ocean a popular destination for one of the world’s weirdest migrations. Locals and authorities do their part in protecting this yearly passage and even created barriers that divided the roads between cars and the red crabs.


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  1. Earthworm poop “mountains”

These poop-piling worms are natives of South America and are called, “surales.” According to researchers, these earthworms are responsible for the thousand square miles of huge mounds in the wetlands of Columbia and Venezuela. These poop “mountains” can reach up to 16 feet across that follow polka-dotted patterns.


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  1. Alien-like underwater crop circles

Seen off the coast of southern Japan, these underwater wonders are often dubbed as the crop circles of the ocean floor and was first spotted in 1995. However, it was only until 2011 when the culprit of these bizarre patterns was caught on camera – a male pufferfish for the sole purpose of wooing females.


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REPOST: Dominica, the Caribbean’s Best-Kept Secret for Nature Lovers

Ever heard of the Caribbean island called ‘Dominica?’ This off-the-radar tropical destination boasts off some of the planet’s most pristine natural environments—from geothermic rock pools and lush tropical rainforests, to giant waterfalls and gorgeous black beaches—spread across an area smaller than New York City! Let this article from Vogue make you fall in love with this island:


Approaching Secret Beach by boat.
Photo: Courtesy of Christina Liao


Tucked away between Guadeloupe and Martinique is unadulterated Dominica (pronounced dom-ah-nee-ka). Because it’s often confused with the Dominican Republic and lacks direct long-haul flights, the destination has predominantly remained under the radar. But with few places left in this world that feel unspoiled, the country truly stands out. A favorite of Vogue’s Fashion News Director, Chioma Nnadi—who used to live on Martinique and brought her family and friends to Dominica twice because she loved it so much—she blissfully sighs when I tell her I’ve just returned from the verdant island. “Everything about Dominica is kind of magical. The fact that it feels like a small village, but has so many natural and unexpected wonders packed into one island, is beyond anything I have ever seen before. If you’re expecting a picture-postcard Caribbean beach scene with powdery white sand, then you won’t find it [there], but that’s also what makes it special,” she raves. With two-thirds of Dominica covered in rain forest, 365 rivers weaving their way around the land, and a number of volcanoes and waterfalls, you’ll wonder whether or not you’ve been transported back to the Jurassic period. Don’t expect to come here for white-glove service the way you would in St. Barth’s or Grand Cayman, but rather to get a taste of what local, unsullied life is like. “Seeing how the indigenous Carib communities, which still build very traditional wooden houses literally on stilts, live was super-memorable,” recalls Nnadi. Now, who’s ready to pack their bags for the Caribbean’s “Nature Island”?


What to Do

Hike Waitukubuli Trail

The longest in the Caribbean, coming in at 115 miles, it’s recommended that you walk one segment a day, which would lead to a whopping two-week hike through the mountainous terrain. It’s no easy feat, but for the truly ambitious, it’s a scenic bucket-list endeavor that will put you face-to-face with sulfur springs, local farmers, and picturesque waterfalls.

A waterfall cascades into the ocean.
Photo: Courtesy of Christina Liao


Sail Around the Island

For those who want a quick glance of Dominica without all the work of a grueling 14-day trek, hop on a speedboat and motor your way around. On the northern end you’ll come across Douglas Point, otherwise known as Split Rock, named after the slab of stone that halved underwater upon separating from its cliff, as well as a waterfall that cascades directly into the ocean.


Visit Boiling Lake

Be forewarned that this is known as one of the most difficult hikes you may ever endure. Located in the Morne Trois Pitons National Park, the island’s UNESCO World Heritage Site, it takes about six hours round-trip and requires scaling steep inclines and trudges through sludgy mud and multiple rivers. It’s strenuous, but for the avid hiker, totally worth it when it comes to the panoramic views of the rain forest and a pit stop at a natural Jacuzzi before reaching the world’s second largest boiling lake.


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