“The convergence of internet technology with distributive renewable energy will be transformative and foster a new economic paradigm.”
The creation of a renewable energy regime, loaded by buildings whose distributed energy is partially stored in the form of hydrogen, distributed via smart grids, and connected to plug-in, zero emission transport, opens the door to a Third Industrial Revolution.
The entire system is interactive, integrated, seamless, and creates a new economic paradigm that can transform the world. The conventional, centralized business operations of the first and second industrial revolution will increasingly be subsumed by the distributed business practices of the new Third Industrial Revolution; and the traditional, hierarchical organization of economic and political power will give way to the lateral power organized nodally across society.
To appreciate how disruptive the Third Industrial Revolution is to the existing way we organize economic life, consider the profound changes that have taken place in just the past twenty years with the introduction of the Internet revolution. The democratization of information and communication has altered the very nature of global commerce and social relations, just as the print revolution did in the early modern era. Now, imagine the impact that the democratization of energy across all of society is likely to have when managed with Internet technology.
The establishment of a Third Industrial Revolution infrastructure will create thousands of new businesses, millions of jobs, and lay the basis for a sustainable global economy in the 21st century and beyond.
