Organicco's recycling technology and payment platform for organic goods
Many entertain high hopes for the organic waste management industry. By recycling organic waste, we should be able to not only clean up the environment, but also provide necessary resources such as renewable fuels and fertiliser (which is needed to counteract the deterioration of soils). The need for this is particularly pressing in developing nations, given their high level of squalor. But even when the technology works correctly, using it to create an organic waste recycling ecosystem is easier said than done. Among other things, new financial infrastructure must be engineered, as the current model has too many inefficiencies on the payment side for such experimental technology to be worthwhile.
Organicco, previously known as Organic Technology Ltd., is a United Kingdom-based organic recycling company that has been working on developing innovative waste management technologies. It has turned to the cryptocurrency market for investments with which to develop its operations further. At the same time, Organicco also seeks to develop a new blockchain-based payment system with which to bring farmers, recyclers and other stakeholders together in a more effective way.
What will the Organicco supply chain entail?
Organicco's ready technological offerings include aerobic digesters that convert organic waste into fertiliser and animal feed (ecoHERO and ecoDRYER, respectively). The company is also working on renewable energy and fuel projects, such as ecoREDUCER (which would convert mixed waste into biofuels) and ecoTHERM (a biomass boiler that will generate electricity and heat). This equipment is offered primarily to businesses that either process or produce organic waste, allowing them to use this input more efficiently and sell the output for an added profit.
The other, newer part of Organicco's proposal is easiPayer, a blockchain platform made to ensure quick and easy payment for the shipping of organic products (whether fertilisers, biofuels or foodstuffs). Unlike Organicco's ORC asset token, the easiPayer token will not be available on exchanges, but rather will be used exclusively for payments on the platform. Those who wish to buy organic produce from its participants will first buy the tokens on the platform itself with fiat money. Independent auditors will fix the tokens' value at the time of purchase, based on the price of real assets owned by the company. Payments will be made using smart contracts. Any disputes will be resolved by an independent ombudsman within 28 days. If the buyer is satisfied with the delivery, the token will be returned to the platform and the seller will receive the payout (minus a 1,5% fee) in the local currency. The platform will also support stage payments.
What gives Organicco an advantage?
The easiPayer platform is meant to combine the security of cryptocurrency payments with the liquidity of real money. It should be especially useful for international shipping of organic goods, which will be invaluable for the development of a proper ecosystem. It will replace the cumbersome letter of credit system with a more modern and streamlined option. Naturally, this should appeal to Organicco's current client base, which includes both food producers and waste management companies all around the globe.
Organic Technology Ltd. was founded in January 2017, but its core team has been working together for ten years before that, focusing on R&D in the field of organic waste management. It already has patented designs, projects in active development and starting funds at its disposal, as well as some agribusiness partners. The company has turned to cryptofunding to raise additional funds in order to compete against larger industry players. Organicco's eco-friendly aspect is bound to make it attractive to environmentally-minded investors. It also has a detailed long-term plan for further global expansion and development, intending to eventually connect farmers worldwide in a single supply chain.
ICO details
A long-term investment into the green economy
Heightened environmental concerns will be with us for the foreseeable future. The advancement and growing popularity of green technologies and organic farming techniques is a long-term trend that is only starting to come into its own. While individual companies and technologies in this field may fail, both organic farming and organic waste management are certainly promising industries.
Organicco's plans are both ambitious and oriented towards the long term. However, the company's existing products and partners point to it having a good chance of success. The innovative payment system seems like a viable solution for some of the industry's logistical problems. If it works as well as advertised and becomes widely accepted, it could help bring together many different companies and individuals around the world, contributing to the ecosystem's expansion. This could make Organicco a worthwhile investment for those with patience and the desire to diversify their portfolio with a real asset-backed token.
Links:
Website: https://organicco.uk/
WhitePaper: https://bit.ly/2PiBqth
Telegram: https://t.me/organiccouk
Facebook: http://facebook.com/organiccouk
Twitter: http://twitter.com/organiccouk
Medium: https://medium.com/organicco
ANN: https://bitcointalk.org/index.php?topic=3379079.0
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.