INDUSTRY 5.0 THE FIRST INDUSTRIAL EVOLUTION EVER LED BY MAN (HUMAN)

Dear Finextra members,

following the first INDUSTRY 5.0 named article published on FINEXTRA — Sibos 2021: What will Industry 4.0 and 5.0 mean for the financial sector? in which Dr. Michio Kaku talk about INDUSTRY 5.0 I have decided to become a member of FINEXTRA. My name is Michael Rada, I am HUMAN and the Founder of INDUSTRY 5.0 who is implementing the principles of INDUSTRY 5.0 in businesses and companies since 2013 already.

Despite the fact that there have been already over 3.000 articles published by me in relation to INDUSTRY 5.0 development and I am blogging since 2014 in Czech, so as English, I would like to use this unique opportunity and introduce INDUSTRY 5.0 to the readers and members of Finextra.

As the name of the first entry says, INDUSTRY 5.0 is not the fifth industrial revolution, but it represents the FIRST INDUSTRIAL EVOLUTION EVER LED BY MAN (HUMAN). It is based on the principles of systematic waste and wasting prevention (INDUSTRIAL UPCYCLING) and it recognizes four types of waste

1. PHYSICAL WASTE
2. SOCIAL WASTE
3. URBAN WASTE
4. PROCESS WASTE

All these wastes are being prevented through the implementation of principles developed and introduced two years before the launch of INDUSTRY 5.0 on December 1, 2015, by an article named INDUSTRY 5.0 FROM VIRTUAL TO PHYSICAL

From the beginning (04.2013) until now (10.2021) more than one million metric tons of products and material has been prevented to become waste. The value of global waste prevention was estimated in 2019 to be 475.000.000.000.000 USD annually with a growing tendency.

There are only two topics that are common in all industries. First is MONEY and profit, which is discussed by everyone. Second is WASTE and wasting, which no one talks about.

At the moment of submitting this article, INDUSTRY 5.0 is represented by 75 INDUSTRY 5.0 AMBASSADORS in 75 countries, EUROPEAN COMMISSION has included INDUSTRY 5.0 in the EUROPEAN SUSTAINABLE DEVELOPMENT FRAMEWORK and the UNITED NATIONS will discuss INDUSTRY 5.0 on the 7th WORLD INVESTMENT FORUM.

INDUSTRY 5.0 has been named in 2020 already one of the TOP TEN INDUSTRIAL TRENDS of the next decade.

I have described the impact of INDUSTRY 5.0 on BANKING and ECONOMY in one of my keynotes delivered in 2020 to the international audience.

This is a short overview of the origin, so as the development of INDUSTRY 5.0. If any questions feel free to connect with me on LINKEDIN, which still serves as the main communication platform.

Have a nice time free of waste and waste in all its forms and stay safe

Michael Rada, HUMAN