The Theory of a Blockchain Circular Economy | Knowledge Hub | Circle Economy Foundation
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The Theory of a Blockchain Circular Economy
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Most work today is compensated via bilateral agreements between a worker and an employer according to a simple contract. But what if we had greater autonomy over how we choose our own work? With more control, we would then be able to perform new types of tasks that may or may not resemble what is traditionally considered labor, and earn cryptocurrency instead of fiat currency. At the heart of making this possible, is the relationship between actual work done, value created, and value received. A healthcare research entity could pay patients or normal people who share their medical data, in exchange for the collective wisdom that is gained by aggregating that information, and returning personalized or comparative insights. What is happening here is the creation of mini circular economies that are self-contained. Some of these models will be created by new companies, while others will be spun out of existing companies. Read more at:
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Key elements of the circular economy
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