PLASTIC FINANCE - NEW PLATFORM CIRCULAR ECONOMY BY IMPROVING THE RECYCLING SYSTEM
Introduction
ESG investment growth has grown rapidly in the last two years. This statement is supported by the fact that investments based on Environmental, Social and Governance (ESG) considerations perform better in times of crisis.
Therefore Plastic Finance, with a simple concept, which fits perfectly with the theme of ESG investment, addresses the problem of plastic waste, which in turn contributes to fixing plastic pollution, creates financial inclusion through DeFi and Cooperatives, and all processes will be open and transparent using blockchain technology. .
MISSION Plastic Finance
This platform aims to empower the waste community. By focusing on activities that will increase their self-esteem, which increases their productivity and well-being.
We propose three pillars of the solution:
- Encourage transparency of waste prices through tokenization
- Economic and social empowerment for the waste community through DeFi
- Ensure the sustainability of this movement through security tokens and make this project an ESG investment model
Using smart contracts, we tokenize each type of plastic waste and create an internal exchanger, so that everyone in the waste supply chain can have easy access to monetize plastic waste. Blockchain technology provides more transparency on price formation and can be used as a tracker for better waste management.
Next, we create DeFi DApss so that waste can be pledged as an asset.
Combining IoT and Blockchain
Scavengers has already sorted plastic waste and bring it to MRF facility, they will weigh it and record the type of plastic, weight, seller contact details, time stamp and buying price according to our exchange price. And QR code sticker pertaining that information will be put on each bag and the information will be uploaded to cloud server which eventually placed on Blockchain.
That stored waste will be grinding in Grinder facility, and the time stamp, type of regrind, weight will be recorded again to cloud.
From regrind warehouse, once we got order with agreed selling price, we will record timestamp, weight, type of regrinds, and selling price to the cloud and once the pick up truck is coming to collect the regrinds, we will also record the License Plate number using LPR IP CAMERA (license plate recognition , Internet protocol), and upload them to the cloud and eventually will be uploaded to blockchain.
Today's plastic recycling practice
With the Cooperative-MRF relationship and the presence of stable coins encouraged by the Cooperative, waste pickers have the assurance that they received a fair price for the waste they collected.
The Cooperative-MRF relationship creates a common ground for all parties involved: waste pickers, collectors, and processing facilities. By combining forces, all parties benefit from higher output value.
Plastic Finance green initiatives
Plastic Finance, through the MRF, aims to share 10% of the dividend for the tree replanting program. Such a program will be done via partnerships with certified planter organizations such as Sinergi Foundation, One Tree Planted, Tree of Heart, and many others.
We estimate each 1 PLAS token worth US$1 equals 10 kg CO2/year absorbed and 80 kg/year plastic recycled with the current environment. Each MRF can contribute 216,000 kg CO2/year and recycle 1,800 tons of plastic per year.
TOKENOMICS
Ticker : PLAS
Token type : BEP-20 MainNet
Token Address : 0xCe34caAEe0b691F8e4098DC31CC8818A1dCcF06A
Token Sale Address : 0x1800C25a3Ed60B41766B8EE94f40CE05A84407aB
Total Token Supply : 23,900,000 PLAS
For More Information :
AUTHOR: the clay
BITCOINTALK PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=1814446