Digital Twins will help build the circular economy

Global technology intelligence firm ABI Research forecasts that the world economy will achieve over 10.5% circularity by 2030, as sustainability and incoming legislation start to take effect, and Digital Twins play a key role.

The circular economy is a key sustainability strategy being adopted by world and industry leaders in the fight against climate change and though still in its infancy in terms of data and metrics, ABI Research reports that it is a growing phenomenon and tech industries, such as IoT for asset tracking, are set to grow rapidly in the next five years.

Digital Twins will help build the circular economy

LindseyVest, Smart Cities & Smart Spaces Research Analyst at ABI Research explains:

“The circular economy is an often-misunderstood concept that goes much further than waste management and can become a blueprint for cities. It is a movement away from our take-make-waste economy to one which designs out waste, keeps products and materials in use, and regenerates natural systems.

Circularity concepts such as remanufacturing, reuse, and the sharing economy will be critically enabled by smart cities technologies such as IoT, AI and Digital Twins.”

Many current and future governmental actions are expected to increase circularity across the world, notably the EU’s newly released Circular Economy Action Plan - part of itsGreen Deal - and China’s 14th Five-Year Plan (2021-2025) which specifically targets Circular Economy Development.

This is in addition to organizations such as the globally recognized Ellen MacArthurFoundation, dedicated to circular economy education and connection for companies and governments around the world and C40 Cities, whose members make up 25% of global GDP and champion the circular economy and its growth.

Furthermore,many different tech companies are engaging in circular concepts such as Cityzenith’s Digital Twin platform SmartWorldOS, which helps companies designout waste in their projects

With around70% of people expected to be living in cities by 2050 it is essential that urban infrastructure can support this population volume and density, so ‘smart cities’ and their technologies will be essential to the circular economy.

Many current smart city technologies already support a circular economy such as the sharing economy, smart lighting, and green infrastructure. “However, these technologies need to adopt circular practices from cradle-to-grave to make full use of the opportunities brought by the circular economy,” ABI Research’s Lindsey Vest concludes.

Cityzenith CEO and Founder Michael Jansen believes Digital Twins will play a huge part in realising circularity in cities all over the world:

“Our technology can cut the operating costs of buildings by 35%, boost their productivity by20%, and cut their carbon emissions by 50-100%. The potential of our analytics to identify and manage potential inefficiencies in the drive for circularity is astronomical.”

Digital Twin technology has been named by the World Nano Foundation as one of five top tech growth sectors, including nanotechnology, genomics, biotechnology, and AI. These five sectors will enjoy a combined growth of more than 400% over the next five years. TheDigital Twin market alone is predicted to grow from $3.1bn to $48.2bn by 2026, according to MarketsandMarkets.

MichaelJansen added: “As the world works towards these ambitious circularity targets,it is clear that innovators and creators are needed to reimagine the way we handle waste and to recycle as many of our materials as possible, along with managing emissions and linking those to carbon credits or offsets in real time to an urban Digital Twin platform.”

Invest in Cityzenith

Invest In Cityzenith

Our Regulation A+ capital raise is now live on StartEngine and open to all accredited and non-accredited investors.
Based in Canada or the UK?

Note To Investors

Please note that it may take as many as 14-30 days or more to completely process your investment after you receive confirmation. During this period, the compliance team performs mandatory KYC and AML checks as necessary before your investment can be confirmed. It could take as long or longer to debit your account as well, so please be patient.

Please note that in order to complete the detailed 5-step investment sequence, you will need to have ready your personal information. Make sure you input your exact name, exact address, and ensure that all numbers and spellings are correct. Any information input incorrectly could prevent processing of your investment. Please also ensure that the email address you provide is the email address that you intend to use to manage your shares from your Koreconx account at Cityzenith.

If you have any questions, please call us +1-312-883-5554 or write to us investors@cityzenith.com and we will get back to you within 24 hours. If you experience any difficulties while investing, one of our customer service representatives would be happy to walk you through the process conveniently over the phone. We are here to help you!

Important Message

The Company is offering shares of common stock at an offering price of $1.50 per share for gross proceeds of up to $15,000,000 on a “best efforts” basis and up to 3,781,834 shares of common stock and shares of common stock underlying warrants and options on behalf of selling shareholders. The shares being offered for resale by the selling shareholders consist of 3,871,834 shares of common stock held by 152 shareholders.  The selling shareholders will only participate in the offering after the Company has sold $5,000,000 in shares of common stock in this offering.  Once the Company reaches this threshold, the Company will sell the 3,781,834 resell shares being sold by selling stockholders on a pro rata basis with the shares being sold by the Company. For additional information, see the section of the offering circular titled "Selling Shareholders" HERE.

AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. IT DOES NOT MEAN THAT THE SEC HAS APPROVED, PASSED UPON THE MERITS OR PASSED UPON THE ACCURACY OR COMPLETENESS OF THE INFORMATION IN THE OFFERING STATEMENT.
THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT CAN BE FOUND HERE.

THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY.  THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT.  WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS.  INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE.  THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.

Receive 2 shares for the price of 1, valid for the first $1,500,000 raised through our investment platform. Learn More.