The concept of circular economy provides an integrated vision of a sustainable economy that preserves resources by promoting recycling through the use of artificial intelligence and blockchain technologies on a large scale, and circular economy is also based on Establish an environment that fosters environmental innovation.
The innovative economic concept aims to reduce waste by designing goods that can be recycled and renewed in a way that ensures benefit from them even after the end of their life and to achieve efficiency in the use of natural resources. .
The initiative seeks to employ the techniques of the Fourth Industrial Revolution to achieve a circular economy efficiently and effectively, where all the manufactured materials are attached to digital data such as a passport or a digital fingerprint called the Internet of Materials, where they provide These technologies have enormous potential that can reduce resource waste, track their use and recycle, and resource efficiency and recycling are among the foundations of future cities and sustainable production.
The World Economic Forum studies indicate that the acceleration of the circular economy 360 will revolutionize the exploitation of huge resources from waste, and will make it one of the most important sectors with added value to many of the National economies, according to a report issued by the World Economic Forum that the circular economy will save the world a trillion dollars by 2025, and will create one hundred thousand new jobs within five years, while ensuring the preservation of economic resources.
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