Category Archives: Empower

Auto Added by WPeMatico

US Firm Chooses Token-Based Solution to Clean Up Indonesia’s Plastic Waste

US Cleaning Supplies Firm SC Johnson has announced that it plans to launch blockchain rewards-based recycling centers in Indonesia to help solve the problem of plastic pollution.

The company, which also which owns such brands as Glade, Ziploc and Mr Muscle, will open eight centers with the support of Plastic Bank using a tokens-for-waste payment system for local users.

Plastic Bank was the featured in the award-winning documentary A Plastic Ocean. They received the prestigious Sustainia Community Award at COP21, the Beacon For Change Award at COP23, the RCBC Innovation Award. Recently, their new blockchain exchange and incentives platform received an IBM Beacon Award.

Recent research has shown that that five Asian countries — China, Indonesia, the Philippines, Vietnam and Thailand — account for more than 55% of the plastic waste leaking into the ocean. Indonesia, currently participating in a number of blockchain programmes, is also a significant contributor to ocean pollution.

The first disposal center opened this week on 28 October on the Indonesian Island of Bali. They allow users to exchange plastic waste for digital tokens which can then be used to purchase goods and services. SC Johnson suggested that the risk of loss or theft of funds will be limited due to the tokens being supported by blockchain.

The founder of Plastic Bank, David Katz, suggests that blockchain is the tool that can combat ocean pollution with such innovations, and the new project could also reduce poverty in Indonesia. Another decentralized program, in this case run by the UN, has had huge success in Jordan over the past two years as the UN Women program continues to offer incentives to refugees using a blockchain salary system.

A Norwegian company has recently come up with its own way of freeing the oceans of plastic waste with a similar tokens program. The project launched by Empower enables the public to remove plastic waste to any certified recycling station and be rewarded with waste tokens.

The idea draws on a system that has been in operation for some time throughout Norway where plastic bottles can be returned to shops for between 15 and 30 cents a bottle. There are also other incentives through the system for both users and manufacturers, the latter with an environmental tax exemption based on waste quotas.

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post US Firm Chooses Token-Based Solution to Clean Up Indonesia’s Plastic Waste appeared first on BitcoinNews.com.

Norwegian Startup Offers Crypto Rewards for Ocean Cleanup

A Norwegian startup has come up with a way of using blockchain to clean beaches via token rewards for recycling.

Wilhelm Myer started by working on a blockchain-based alternative to banking, trying to convince friends that decentralized methods of banking could not only be cheaper but actually safer.

It was when Myer met Simen Knudsen, Nordic Ocean Watch CEO, that he began to formulate an idea which eventually blossomed into his current business. Knudsen broached the subject of cleaning beaches using blockchain and the rest, as Myer would say, is history.

Myer’s company, Empower, has become a unique way of recycling using blockchain. The public, by removing plastic waste to any certified recycling station, is rewarded with waste tokens. The idea draws on a system that has been in operation for some time throughout Norway where plastic bottles can be returned to shops for between 15 and 30 cents a bottle. There are also other incentives through the system for both users and manufacturers, the latter with an environmental tax exemption based on waste quotas.

Myer’s plan is to expand on this, making plastic recycling global phenomena with his first overseas collection point stationed on the Indonesian island of Bali in time for October’s Our Ocean Conference 2018 on 29 and 30 October.

The conference will convene participants from countries across the globe to ensure diverse perspectives from various stakeholders, including governments, commercial sectors, financing entities, scientific communities, civil society organizations, and young leaders. Heads of states, ministers and advocates from various backgrounds will also be invited to influence concrete and actionable commitments to preserve the ocean’s health.

Myer maintains it is just a matter of making picking up plastic an everyday activity, which simply means changing people’s mindsets when it comes to dealing with waste:

“The reason we have a high recycling rate in Norway is that you learn from being a kid that plastic has a value, you can pick it up and buy some candy with it… If we can do something like that in Indonesia, where people just drop plastic, we can give the value back to them.”

Empower wants to “bank the unbanked”, paying an equivalent of USD 1 a kilo for waste in blockchain, enabling those in developing counties to also discover new decentralized ways of banking that they can have control through a wallet:

“Within the plastic that’s part of what we are doing… Because we’ll give collectors a wallet where they can do peer-to-peer trading and hopefully this will bank them at the same time as giving them an opportunity to make revenue.”

Myer, who has had an eclectic career from graduating as a lawyer to buying an oil field and owning a solar company, eventually moved into blockchain last year. He is clearly motivated towards removing power from financial institutions and using blockchain to empower individuals as the company name suggests:

“I liked the disruptive impact it might have on banks,” he says of the technology. “So I came up with this idea of a platform where everyone can get a decent price on an account outside of the banks.”

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Norwegian Startup Offers Crypto Rewards for Ocean Cleanup appeared first on BitcoinNews.com.