[2] For example, the real-time enterprise can be considered as a giant spreadsheet of sorts, in which new information, such as an order, is automatically processed and percolates through a firm's computer systems and those of its suppliers.
[7] Estonia has a strong image of e-country and has also started to develop the concept since 2015 by the Estonian Association of ICT Enterprises within the context of Internet of Business projects in cooperation with Finnish counterparts.
It established that real-time economy is a digital ecosystem where transactions between diverse economic actors take place in or near real time.
This means replacing paper-based business transactions and administrative procedures by automatic exchange of digital, structured and machine-readable data in standardized formats.
As a result, time and money can be saved by enterprises, citizens and governments if real-time economy principles are applied in everyday transaction of affairs.
Considering functional principles of real-time economy, it can be used as an institution in broad sense for enabling realization of green growth.
Different building blocks of the real-time economy ecosystem can be used as an aggregate tool to facilitate the use and consumption of natural resources in a sustainable manner.