The RecycleToCoin system will be a world first - providing the public with a cutting-edge incentive to recycle waste. Aimed at ‘single-use’ plastic bottles and aluminum cans, this revolutionary solution leverages a blockchain based mobile app, alongside physical machines and designated collection points, to allow the exchange of recyclable waste for BCDC tokens. This is where the fun starts.
Thanks to partnerships with participating stores in the UK and globally via the Reverse Vending Corporation - who have over 30 years experience designing recycling solutions, this system promises to offer a realistic incentive to take care of the environment.
The central collection point scheme will be offered via participating charity shops from September (prior to the BCDC token sale), with reverse vending machines arriving in Glasgow and Manchester by November 2017.
Key to this concept - the public will then be able to use their tokens to privately finance renewable energy projects in the UK, Europe & The Americas - increasing the supply of renewable energy directly to the grid. These projects will produce clean electricity via solar, biomass, wind powered and ground source systems.
With the Blockchain Development Company providing blockchain services to a variety of industries - this is just one example of how decentralised and peer-to-peer ecological systems can allow anyone to be an activist for their community and for their planet.
RecycleToCoin Diagram
Based on traditional models existing in the Netherlands and Norway whereby users can gain cash rewards for recycling - we’re opening doors to the Cryptocurrency and Renewable Energy markets to anyone who wants to be involved, by offering a publicly tradable BCDC token instead. This token can be invested in other ecological BCDC projects - or swapped at participating exchanges for other lucrative digital currencies such as Bitcoin or Ethereum - then ultimately for traditional currencies if required.
Learning about and interacting with digital currencies is an important point of progression in the modern world. The combination of a decentralised network with the security of cryptography finally allows provides trust to participants in transactions involving knowledge, data and value across the globe. We will facilitate this seemingly steep, yet beautifully simple learning curve for generations to come, whilst placing a firm focus on positive environmental change - another unstoppable force which will become increasingly prevalent within the next decade.
The Truth About the Harmful Effects of Landfill Waste
- 1 recycled tin can would save enough energy to power a television for 3 hours.
- 1 recycled plastic bottle would save enough energy to power a light bulb for 3 hours.
- Every day over 80 million food and drinks cans end up in landfill from the UK alone. To put it in perspective, that’s 240,000,000 hours of TV or light wasted per day.
- We get through over 5 billion drinks cans per year in the UK or 600 per household on average.
- Weight for weight the aluminium drinks can is worth 6-20 times more than any other used packaging material. To put this into numbers, there are more than £30 million pounds worth of empty aluminium drinks cans in the UK waiting to be collected and recycled.
- 13 billion steel cans are produced in the UK each year. If we put those steel cans end to end it would reach the moon 3 times.
- The recycling rate for aluminium cans is already above 90% in countries such as Brazil and Japan, so why not the UK and the rest of the world? Is it because there is not enough incentive? Well we will now give you a reason to choose to recycle. We will give you a reward which you can swap for the digital currency we will all be using in the future.
- According to the SKY Ocean Rescue Campaign (which inspired us to develop this blockchain application):
Every minute, the equivalent of a rubbish truck load of plastic goes in to our oceans, it never decomposes and will remain there forever. If nothing changes, by 2050 all the plastic in the ocean could weigh more than all the fish. Plastic impacts on an entire ecosystem, marine life get caught up in it, eat it and live in it. It also has a direct impact on our health, acting as a sponge for toxins which can end up in our food.
Do you want your children or their children to grow up with thousands of pieces of micro plastic in their bloodstream? We don’t - which is why we are developing this project. We want to be at the vanguard of saving not only our planet but our health too.
The Blockchain Development Company are now in their infrastructure build and implementation period for RecycleToCoin – Launching before Sept 26th 2017.