Varun Datta, the game-changing tycoon for an eco-friendly tomorrow

Published: Sep 25, 2018

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The word “game changer” finds its origin in sports. It refers to that crucial, decisive, make-or-break moment where the energy of a team suddenly shifts along with the result of the game they are playing. In a business context, we refer to game changers as people who have the grit and gumption to take risky leaps into unchartered territories to change their surroundings or the way things are done around them.

The word Taikun or Tychoon, which is of Japanese origin, translates to drivers of change, leadership, and success. For a Tychoon to fully mature, evolve and transcend beyond the highs and lows, ups and downs of the business world, it’s necessary to fully grasp and embrace this game-changing state of mind. One of the important aspects of being a game-changing Tycoon is your approach towards business. There are incredibly rich and successful entrepreneurs who are brilliant when it comes to judging and estimating how much money every business action will make, and this hunger for making profitable business decisions is their sole motivation. It’s not to say that they are good or bad, it’s just how they and the majority of the world works and in fact, we need people like that to keep our economies afloat.

However, there are some outliers as well. These individualists are passionate and obsessed with their ideas and bold and confident in turning them into reality. They are sure that their ideas will be eventually adopted and become successful so their focal point is creativity and not mere profiteering. They are driven by growth, bringing creative people together, and launching their vision into the world.

What sets game changers apart is tremendous passion and energy for what they do. A game changer gets immense satisfaction and derives meaning from his work and his work is a reflection of his value system and deepest drives. The money helps him fulfill his vision and motivates him to go further and break new ground, but he’s in it for a sense of fulfillment of having created something that’s impactful, unique and helpful to others. Although they are people-oriented, they don’t necessarily set out to please everyone since everyone does not immediately understand their vision. But the handfuls that do, appreciate their ideas and know they are powerful and dynamic to bring about long-lasting impact. This is what game changers want, coaches backing them and propelling their path-breaking vision forward.

In 2009, an unknown person or a group under the name Satoshi Namoto introduced a document. The document contained the idea of a decentralized, trustless, peer-to-peer currency system called Bitcoin. The USP of Bitcoin is not that it’s the world’s first digital currency. Almost 90% of the world’s current existing money is already digital so it’s not the case. The reason why there is a fevered frenzy around cryptocurrency is that it’s secure, decentralized and accounted for. Its increasing popularity and mainstream acceptance is strongly suggesting an eventual movement away from government regulated currency. But all these luscious benefits, come with a caveat. The reality is that Bitcoin transactions utilize a lot of wasteful energy and power that negatively impacts the environment. It is designed in a way that encourages the quickest updating, be it one or a million computers and this leads to its excesses. The energy consumption is driven by greed for profiteering and this issue needs immediate fixing. Crypto- mining energy consumption growth is exponential. As of March 31, 2018, 1 Bitcoin transaction consumed as much power as 30.5 US households for a day; this is a 500% rise since September 2017. Varun Datta is an Indian born, United Kingdom-based entrepreneur with extensive business experience across different continents like Asia, Europe, and North America. Varun founded 4NEW, a Waste to Energy Company focused on production and provision of electricity to power the mining of popular cryptocurrencies such as Bitcoin and Ethereum, in September 2017. The business model focuses on revenue generation from free energy, produced by processing waste. It’s modern, disruptive in a space where the conservative view is to produce the cheapest possible currency for usage. By enabling this model Varun has opened doors for users who seek renewable production along with an unparalleled competitive advantage, compared to all other players in the mining industry. Varun Datta plans to leverage his early experience and deep knowledge in Bitcoins, upon the eventual widespread adoption of cryptocurrency as a form of finance to revolutionize all industries. Varun Datta is a young and risk-taking game changer of Indian descent who has, in a very short span of time, managed to not only deep dive into the revolutionary and challenging industry of cryptocurrency, but also ingeniously connected it to environmental sustainability through waste to energy production. This gives him an edge over others since he's making money from essentially, converting waste into energy and pushing the envelope as to what's possible for the environment, and this makes him a true tycoon.

Varun Datta is working hard and fast on creating and spreading a green and renewable currency with intentions of introducing his knowledge and expertise of waste management into India, St Lucia, and Costa Rica by 2019-2020. The model has served him well and has been successful in the UK and on April 19th, 2018, he was conferred with the Mahatma Gandhi Leadership Award for outstanding services, achievements and contributions in conjunction with the NRI Welfare Society at the British House of Lords during the Global Convention of NRIs at the British Parliament for his innovative breakthrough.

Varun Datta has secured the rare distinction of being one of the speakers at the G-20 Y Association Summit. Here he will engage in a meaningful discussion with the audience on the topic of energy markets and how to become the “unprecedented market disrupter” through digital transformation. The theme of the G-20 Y Summit 2018 is Emerging Technology and Digital Transformation: Enable Growth in Present and Future. The summit will take place in Evian in France from 10th to 14th October.

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