Unlocking Comprehensive Sustainability
In the intricate web of economic development, three key players form a powerful, albeit unorganized, alliance: banks, insurance companies, and engineers. This alliance, is identified in Boomspace as Virtuous Circle of Economic Development, is the cornerstone of sustainable growth and innovation.
An Interconnected Triad
At the heart of this circle lies a delicate balance:
- Banks provide crucial financing for engineering projects
- Insurance companies mitigate risks, making projects viable
- Engineers create tangible value through innovation and construction
When these elements work in harmony, they create a self-reinforcing cycle of progress. However, if any component falters, the entire system can grind to a halt.
Rethinking Value Creation
Traditionally, we’ve viewed money as the primary asset. But in reality, it’s merely a representation of the true value created by engineers, scientists, and technologists. The tangible assets—the innovations, infrastructure, and technologies—are the real drivers of economic growth.
The Vicious Circle: A Modern Challenge
Unfortunately, our current economic landscape often resembles a vicious circle rather than a virtuous one. The good news? This predicament is solvable.
The Ingenesist Project: A Revolutionary Approach
Enter the Ingenesist Project, a groundbreaking initiative leveraging three powerful tools:
- Game Theory: To incentivize positive behaviors
- Blockchain: To ensure transparency and trust
- Artificial Intelligence: To optimize decision-making and resource allocation
This innovative approach aims to reverse the vicious circle, restoring the virtuous cycle of economic development.
A Call to Action
The challenges of the future demand rapid innovation—far beyond what our current financial systems can support. Traditional methods like venture capital are ill-equipped to handle the speed and complexity of technological change.By joining the Ingenesist Project, you can be part of the solution. Together, we can create a more efficient, responsive, and equitable economic system that serves global citizens and drives sustainable development.Are you ready to revolutionize economic development? Join the Ingenesist Project today and help shape a brighter future for all.
A bank won’t lend money to a project that is not insured. An insurance company will not underwrite a project that is not properly engineered. Engineering projects need to be financed to cover the cost of design and construction.
This is the Virtuous Circle of economic development. If any part of this cycle is broken, incomplete or corrupted, economic development fails.
Financial institutions simply issue paper receipts called “Money” to represent the actual things that engineers, scientists, and technologists create.
Money is, in fact, the intangible asset and engineering is the tangible asset! We’ve gotten it backwards.
When a virtuous circle reverses itself, it becomes a vicious circle. This is where we are today Fortunately, this is an easier problem to solve.
The Ingenesist Project uses Game Theory, Blockchain, and Artificial Intelligence to reverse this vicious circle.
Join The Ingenesist Project.