Topic: [2018-10-30]US Firm Chooses Token-Based Solution (Read 144 times)

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.

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. They allow users to exchange plastic waste for digital tokens which can then be used to purchase goods and services.

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. 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.

https://bitcoinnews.com/us-firm-chooses-token-based-solution-to-clean-up-indonesias-plastic-waste/