Friends My name is Toheed and today I am reviewing a ICO called “Swachhcoin— Blockchain based waste management”
** Before I start this review about this ICO I wanna tell you that I am not your financial adviser I am introducing the hot on going and upcoming ICOs with you so if you interested in Investment in any of my reviewed ICO so better also make research by your own. At the end this is your decision and you’re going to invest.
Introduction to Swachhcoin
Swachhcoin is a unique blockchain-powered attempt at micromanaging wastes from households and industries and efficiently converting them into useful products. These products, at the end of the process, will be of higher economic value. Swachh Ecosystem is essentially a DAO (Decentralised Autonomous Organisation), governed autonomously on the basis of pre defined instructions in the form of smart contract. There are various smart contracts in a DAO.
Initially, we intend to delve into the realm of, but not limited to green-energy, fertilisers and power generating gases as of now. But given the rapid progress of fundamental research on efficient product conversion, we look forward to adapt and better the existing working technology. Managing resources is not a simple task and given the terrible state of waste resources management in most countries, Swachhcoin will help model an ideal system. For a foolproof system, effective decentralisation and robust micromanagement are the underpinning. This is where the blockchains technology and several sub-programs offered by Swachhcoin comes into picture. Our will is to create a truly sustainable, clean community development around the world while improving the economic conditions of all individuals professionally associated with the industry in any capacity along with the domestic households.
PROBLEMS
Excessive Generation Generation of wastes has been an acute problem for a long time now. Quoting the World Bank report, The United States is single handedly responsible for generating 250 million tons of wastes annually. Evidently it has the highest per-capita waste generation amounting to about 4.6 pounds per day.. Considering these figures, an average citizen in the United States disposes 1,200 pounds of wastes a year. These discarded wastes could be potential compost material and be kept out of landfills. Since the 60’s, the quantities of wastes generated have tripled leaving us with a bigger burden. Day in day out, the USA throws as much wastes as to fill around 60,000 garbage trucks. The severity of the problem seems acute when we extrapolate the data from the USA to the rest of the world. Quoting the report again, the per-capita waste disposal is expected to rise up to 1.5 kilograms per day by 2025. Considering today’s average of 1.2 kilograms per day, this is a significant 25% increase.
Landfill Issue Leachate and emissions of the harmful greenhouse gases are frequently associated with Landfills. A closer look at the qualitative contents of the wastes produced reveals that most materials that end up as wastes contain toxic materials. Gradually these toxic substances precipitate and leach out of the soil, eventually entering the groundwater and rendering them hazardous and unfit for consumption for years to come. The organic materials, compacted as a result of this, are covered down without being exposed to soil. This affects the natural aerobic process of decomposition by inhibiting oxygen through the covering of organic substances. This contributes to the production of inflammable, unwanted and harmful greenhouse house gases like Methane which are lethal to living organisms.
Toxicity Waste Tons of toxic wastes produced each year, amounting to around 440 million tons, gives us a sneak-peek into a much bigger problem. An average American produces about 3200 pounds of hazardous wastes. These include all sorts of materials - liquids, solids, contained gases, sludge, discarded commercial products like pesticides and cleaning fluids and byproducts of manufacturing processes. Uranium seems to be a rather common toxic pollutant with the United States having billions of gallons of it’s groundwater polluted by it. Studies in the US have revealed presence of 63.5 million tons of radioactive material, of which Uranium derived from spent nuclear fuel being the most prominent, buried in landfills, trenches and unlined tanks.
Organised mismanagement Ever since waste-management has evolved into a profit making venture, people who opined in favour of safe and effective waste-management techniques have been outmatched by new industries waiting to invest in this business. Every industry, inclusive of the waste-management sector, has been a victim of organized corruption - either controlled by certain individuals or through systematic looting. These corporations have no regard for environmental impacts and do not seem to understand the severity of the issue.
Lots of Plastics Around 8 million metric tons of plastic ends up in the oceans every year which is equivalent to five grocery bags of plastic trash for every foot of coastline around the globe. Only 9 percent has been recycled. The vast majority - 79 percent - is accumulating in landfills or sloughing off in the natural environment as litter and at a point, much of it ends up in the oceans, the final sink.
Using World Bank data on 192 coastal countries, researchers estimated that China, the most populous nation, has the most mismanaged plastic waste per year and also generates the most plastic debris that end up in the ocean at 28 percent.
- Mismanaged waste means the material is littered or not properly disposed off meaning there isn’t a formally managed waste management system.
OBJECTIVE
Swachhcoin aims to create a global, decentralised waste management ecosystem majorly comprising of industries and domestic households. Creation of such a network will enable deployment of an extensive infrastructure which will provide the necessary impetus for proper waste management. The planet that we live in is at every moment progressing towards an inevitable day when it will become inhabitable for human life.
This is largely due to unjustified and uncontrolled exploitation of resources and irresponsible discard of used material without a properly implemented damage control policy in place. Swachhcoin is a mission to change the way people perceive waste by proving them that it is the greatest untapped resource available to mankind. Swachhcoin strives to implement a monetary incentivising mechanism where people are rewarded for proper waste management. This will over a period of time inculcate the habit of proper waste management amongst all. Apart from contributing for the betterment of the surrounding, this platform with the help of multiple advanced technologies makes the waste processing extremely profitable for the waste management industries, thus catalysing widespread adoption and network growth. A vast but disorganised waste management system currently prevailing does not have the ability to leverage advanced technologies that can potentially bring about a complete change in their revenue. Swachhcoin will help them bring about this change. On ground level, waste management sector directly and indirectly exploits the worker who work in the inhumane conditions on merge or almost no payroll in the absence of any employment contracts and worker protection.
Swachhcoin will autonomously provide workers all of these things. Swachhcoin will also develop a philanthropic infrastructure in order to serve the less fortunate through its network-fee contribution. The funds accumulated through this will be fairly and transparently distributed autonomously, to uplift them and increase the living standards of the last person in the society.
CONCLUSION
Personally I give this program 5 star rating because the aim and cause is very good for the environment of the world and I am sure that upon reading my article you are very interested in this project ! So if you want to know more about this project just check out these sites below:
Website: https://swachhcoin.com/
Whitepaper: https://swachhcoin.com/whitepaper.pdf
Twitter: https://twitter.com/SwachhCoin
Facebook: https://www.facebook.com/SwachhCoin-356957991424506/
Github: https://github.com/SwachhCoin
Telegram: https://t.me/swachhcoin
Author
Bitcointalk username: toheed2x
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1770501
Telegram: @Sheelamar