Very cool ... but in most cases, I wouldn't want my circuit boards to be biodegradable. I'd be worried that a bit of accidental moisture or humidity exposure or something is going to leave my electronics rotting away on the inside and lead to premature failure.
Still, though, this could be very good and useful for more short-term or disposable type electronics ... though the other components on the board certainly aren't compostable, so 'disposable electronics' should still be something kept to an absolute minimum.

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