Third Industrial Revolution

First and Second Industrial Revolution

As Rifkin describes in the book, "The introduction of steam-powered technology into printing transformed the medium into the primary communication tool to manage the First Industrial Revolution in the 19th Century.

 

Third Industrial Revolution

Today, Internet communication technology is converging with renewable energies, giving rise to a Third Industrial Revolution. The creation of a renewable energy regime, loaded by buildings, partially stored in the form of hydrogen, distributed via an energy internet—a smart intergrid—and connected to plug in zero emission transport, opens the door to a Third Industrial Revolution.[2] The entire system is interactive, integrated and seamless. ref

The advent of open source technology where inventions holds no patents which can results in creating sustainable energy through the use of magnetic or hydrogen powered motors. The digital currency also provides the decentralizing world currency which can not be devalued, deflated nor manipulated by the few.

 

Five pillars

The five pillars of the Third Industrial Revolution, as described by Mr. Rifkin in his book The Third Industrial Revolution are:

  1. Shifting to Renewable Energy: Renewable forms of energy— solar, wind, hydro, geothermal, ocean waves, and biomass— make up the first of the five pillars of the Third Industrial Revolution. While these energies still account for a small percentage of the global energy mix, they are growing rapidly as governments mandate targets and benchmarks for their widespread introduction into the market.
  2. Buildings as Power Plants: New technological breakthroughs make it possible, for the first time, to design and construct buildings that create all of their own energy from locally available renewable energy sources, allowing us to re-conceptualize the future of buildings as “power plants”. The commercial and economic implications are vast and far reaching for the real estate industry and, for that matter, every region in the world. In 25 years from now, millions of existing and new buildings – homes, offices, shopping malls, industrial and technology parks – will serve as both “power plants” and habitats. These buildings will collect and generate energy locally from the sun, wind, garbage, agricultural and forestry waste, ocean waves and tides, hydro and geothermal– enough energy to provide for their own power needs as well as surplus energy that can be shared.[3]
  3. Deploying Hydrogen and other storage technologies in every building and throughout the infrastructure to store intermittent energies. To maximize renewable energy and to minimize cost it will be necessary to develop storage methods that facilitate the conversion of intermittent supplies of these energy sources into reliable assets. Batteries, differentiated water pumping, and other media, can provide limited storage capacity. There is, however, one storage medium that is widely available and can be relatively efficient. Hydrogen is the universal medium that “stores” all forms of renewable energy to assure that a stable and reliable supply is available for power generation and, equally important, for transport.[4]
  4. Using Internet technology to transform the power grid of every continent into an energy sharing Internet that acts just like the Internet. The reconfiguration of the world's power grid, along the lines of the internet, allowing businesses and homeowners to produce their own energy and share it with each other, is just now being tested by power companies in Europe. The new smart grids or intergrids will revolutionize the way electricity is produced and delivered. Millions of existing and new buildings—homes, offices, factories—will be converted or built to serve as green power plants that can capture local renewable energysolar, wind, geothermal, biomass, hydro, and ocean waves—to create electricity to power the buildings, while sharing the surplus power with others across a smart energy Internet, just like we now produce our own information and share it with each other across the Internet.[2]
  5. Transitioning the transport fleet to electric, plug in and fuel cell vehicles that can buy and sell electricity on a smart continental energy Internet. The electricity we produce in our buildings from renewable energy will also be used to power electric plug-in cars or to create hydrogen to power fuel cell vehicles. The electric plug in vehicles, in turn, will also serve as portable power plants that can sell electricity back to the main grid.[5]

These five pillars make up an indivisible technological platform—an emergent system whose properties and functions are qualitatively different from the sum of its parts. In other words, the synergies between the pillars create a new economic paradigm that can transform the world. ref: