Plastic Cryptocurrency making a better ecosystem
As scientists predict more plastic than fish in the ocean by 2050, what can we do to protect the natural world? Working with IBM and service provider Cognition Foundry, Bind Capital is mobilizing recycling entrepreneurs from amongst the world’s poorest communities to clean up plastic waste in return for life-changing goods.
Reasons To Use Blockchain For Recycling
Blockchain offers reliability, safety, and control over our assets.
Blockchains will help associate crypto tokens to waste which can then be credited to recycler wallets following successful recycling. Blockchain helps register each recycling activity, thus making the process secure and transparent.
A blockchain system allows workers to accumulate these tokens digitally and also enables them to exchange these tokens for local currencies or cryptocurrencies.
Blockchain eliminates intermediaries, and hence, the workers can get the complete value for every waste they recycle.