Cooperation and blockchain necessary to boost the circular economy

The Circular Economy is a term that is frequently heard nowadays, especially when discussing business sustainability. This concept is referred to as a way of having a more sustainable and regenerative economy. It aims to change the production and consumption of goods and services, attempting to manage natural resources more efficiently, minimize waste, and reduce environmental impact.

Instead of continuing to use the traditional linear economic model, which is based on using and disposing of resources, the circular economy seeks to keep resources in use for as long as possible. This circular innovation affects a company's entire value chain, from product design to production and recycling. To bring about such a significant change in the system, it is important that stakeholders become involved in the process. Collaboration between companies, governments, NGOs, and citizens will be essential to achieving this significant change in the way we think and act.

Collaboration for Sustainable Circularity

The various collaborators often have different priorities and objectives, which can lead to a lack of trust and transparency. To avoid this affecting the project, stakeholders need to develop a shared vision and work towards a common goal. In addition to collaboration between different organizations, collaboration within organizations is also necessary. They all need to focus their activities on a sustainable vision, where circularity is integrated into different areas of the business.