Harnessing a digital Pound to enhance sustainability in the UK.

Written by William Lorenz at The Digital Pound Foundation

The World Economic Forum estimates: “The transition to a circular paradigm is projected to create up to 8 million new jobs by 2030. Such transformative potential is reinforced by estimates suggesting that the circular economy could unlock $4.5 trillion of economic growth by the end of the decade”. A digital pound could support the development of an efficient, convenient and transparent circular economy. It could serve as the foundational platform on which innovations can flourish, interconnecting technologies including Blockchain, Artificial Intelligence (AI) and the Internet of Things (IoT). This not only promises a reimagining of today’s inefficient services but also paves the way for a sustainable future. To explain how a digital pound could achieve this, let us think about a family of 4 - the Wilsons. They are eco-conscious and teach their children how to make sustainable choices. Aside from making a positive impact on the environment, they are always looking to save money - and t…