SWACHHCOIN: A Concept To Redefine Waste Management With Blockchain Technology
Introduction
The global ecosystem have been is disarray since we undergone industrial revolution and the era of mass production where both organic and inorganic waste materials have not been properly discarded, thus creating an unfavourable living conditions for humans and making the ecosystem unfit for living.
One of the prominent materials that causes pollution is plastics, its invention has caused great distress to the natural ecosystem; do not quote me wrong, I'm not laying blame on its producer as it has provided so many benefits since it does not have any substitute. Plastics is used in the production of varieties of things ranging from domestic tools to industrial devices. However, it is not degradable when disposed to landfills, even over a long period of time.
Disposing to landfills is not a proper approach taken by domestic individuals and producer since they work alone and not in association with others. However, Swachhcoin is looking to work with both households and industries and convert this waste materials including plastics into useful economic value outputs, thus creating a well sustainable ecosystem while also improving the economic conditions of others.
What Is Swachhcoin?
Swachhcoin is a unique blockchain based project aiming to micromanage unwanted waste materials from domestic and industrial use and efficiently converting them into a useful product of economic value after all processing. The Swachhcoin platform is basically a Decentralized Autonomous Organization (DAO) which works autonomously base on the predefined instructions in form of Smart Contract. Since there are various smart contract in DAO, the platform is looking to reach into the sector of but not limited to green energy, fertilizers and power generating gases as of now, but along with rapid progress of fundamental research on efficient product conversion, Swachhcoin is looking forward to adapt and improve the existing working technologies.
Why We Need Swachhcoin
Resource management is a tedious task and given the unpleasant model of waste materials management in most countries, Swachhcoin solution will help to model an ideal system. Swachhcoin will offer a fool proof of system, effective decentralization and robust micromanagement, and other subprogram powered with the viable blockchain technology. Through this, a truly sustainable, clean community development is created globally.
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Problems Swachhcoin Is Tackling
There are numerous problem associated with global waste management, some of these are;
• Excessive Waste Generation : This has been a serious problem for sometimes now, USA is reportedly responsible for generating about 250 million tons of waste materials annually, putting this reports into consideration, an average USA citizen is calculated to dispose about 1200 pounds of waste per year, which is enough to be processed into potential compost materials and kept out of landfills.
• Waste Toxicity : Dumping of waste materials into landfills have produced leachate and caused the emission of harmful greenhouse gases. After proper observations, it has been revealed that most waste materials has toxic content. Over time, these substances precipitate and leach out of the soil, eventually mixing with ground water and rendering them harmful and unsafe for future consumption. Since tons of waste materials are produced yearly, this gives us an insight into a much bigger consequence assocated with waste materials disposed to landfills.
Solutions Swachhcoin Is Proposing
The solutions Swachhcoin is providing to tackle the problems of the world waste management cannot be provided by a handful of individuals or companies. However, the participation and willingness of the entire population is key to successfully tackling this problems. The first way Swachhcoin is looking to introduce and implement these solutions is to offer monetary incentives to people; this is to encourage them to dispose their waste properly and raise their consciousness about the issue. This idea is central to all of the solutions Swachhcoin offers. Swachhcoin is looking to implement the use of their bins (SwBIN) so as to tackle the problem of disposing waste to landfills and also segregate this waste in a bid to tackle its toxicity. Technological capabilities of existing industries will also be evolved to a state of the art level, thereby accelerating their profits due to the additional revenue they will be generated from utilizing technologies such as AI, Big Data, IoT and Blockchain network since operational efficiency and yields will be greatly increased while also improving the output quality.
The sum total of all these activities will ultimately serve the human society and make this ecosystem a better place to live in.
Why Swachhcoin Is Different
The project Swachhcoin offers is unique in a number of ways, there are other waste management platform but none of them compares to Swachhcoin in term of broadness and technical advancement as can be seen with their plans to give household residents monetary reward to manage and dispose their waste properly, while also leveraging on not one but four of the most advanced technologies i.e AI, Big Data, IoT and Blockchain network.
Swachhcoin Mode Of Operation
Firstly, waste materials from households will be transferred to SwBINS by the household members themselves, the monetary reward motivates them to create time out of their busy schedule. This process will be initialized by SwAPP; offering each households various facilities like such as sign up, locating nearest SwBIN location to their house, registering their complaints and many more.
The waste accumulated in the SwBINs is transported to the waste collection agencies, the contributors are identified through a QR code system and the quantity and quality of the waste will be measured and evaluated so as to be able to calculate the rewards each contributor deserves and paid out in form of Swachh tokens. The data will be safely stored on the blockchain open ledger. However, in geographical locations where placing individual SwBIN may not be feasible, waste collection vans will be stationed to transport SwBIN to this location and waste materials are collected door-to-door. Through this, reward is also given to domestic households without the involvement of static SwBIN.
These waste materials in the SwBIN is transported to waste processing companies, whose equipments will go through extensive upgrade so that the developed tools and technologies of Swachhcoin can be deployed with full functionality. This high end technologies will be used to produce high quality outputs from the waste inputs. After the complete processing of the collected waste, the various outputs of high economic value produced will be sold to customers. Some of these outputs are Electricity, Biogas, Fertilizers, Glass Plastic Papers, Compost, Glass Iron Mercury, non ferrous metal, plastic pellet e.t.c .
The Swachhcoin Token
The ERC20 compatible token that will be used with the Swachhcoin project is the Swachh token which is a utility token and will not be changed. Part of the utilities involves using it in solving daily real life problem and the Swachhcoin platform specific payment settlement.
It will be used but not limited to the following ways:
• Rewarding households for managing and disposing their waste materials properly.
• Utilized in purchasing outputs of economic value produced by waste processing companies.
• Issued out for the payment of decentralized advertisement services.
• Token holder will be able to use their Swachh tokens to exercise voting rights on the Swachhcoin platform.
The use case of Swachh tokens will make it to have an increasing upside potential. These utilities is subject to change over time particularly after the launch of the Swachhcoin blockchain network.
Roadmap
Team
Partnerships
Conclusion
Conclusively, Swachhcoin is an ambitious project with the rare ability to solve real life problems with a disruptive vision. They want to completely change the waste management sector by leveraging on advanced technologies. Apart from the environmental case which forces everyone to come forward in support of the project, the technologies that will be deployed will benefit industries as its make them to be more organized, transparent and easily auditable and much more while the plan to also reward users for disposing their waste looks promising.
For more information, the links below can be used;
WEBSITE: https://swachhcoin.com/
WHITEPAPER: https://swachhcoin.com/whitepaper.pdf
OFFICIAL ANN: https://bitcointalk.org/index.php?topic=3034091.0
FACEBOOK: https://www.facebook.com/SwachhCoin-356957991424506/
TWITTER: https://twitter.com/swachhcoin
TELEGRAM: https://t.me/swachhcoin
MEDIUM: https://medium.com/@swachhcoin
INSTAGRAM: https://www.instagram.com/swachhcoin/
REDDIT: https://www.reddit.com/r/swachhcoin/
GITHUB: https://github.com/SwachhCoin
LINKEDIN: https://www.linkedin.com/company/swachhcoin/
Author's name: Ibukun Tunde
Bitcointalk Username: Kokoshayo
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2104177;sa=summary
This mission swachhcoin is embarking on is a very special one and if achieved, we can finally have a clean, sustainable ecosystem we've always dreamed of.
Nice review
Oh yes, we're so close to that dream
This is a wonderful project and if invested in, will yield arrays of benefits to the investors, and the world population.
Yes uber, you're on point.
Their host of partners shows how serious they are with this project, but on the long run, are they planning not to work in tandem with the governments?
Yes they are, working with both individuals and bodies in the existing waste management sector to achieve an effective solution is Swachhcoin vision.
The constant need to redefine the waste management sector coupled with the growth of blockchain and cryptocurrency, has handed innovative project like Swachhcoin the opportunity to come into the market, though time will tell but from my point of view its going to be a huge success.
Thank you for understanding their use case.👍