This Ethereum based application will provide a cryptographic token reward for the return of single-use renewable plastic and metal drinks containers.
Basing the physical model on the Dutch and Norwegian “Deposit System” we will change the reward which the consumer gets from a small amount of fiat currency to a small portion of a BCDC Cryptographic Token. The consumer can then use this in other BCDC Platforms or be able to swap this on participating token exchanges for other digital coins like Bitcoin or Ether or other popular coins.
This will enable consumers to save their local and global environment while learning about, interacting with and exchanging digital currencies. Skills they will need in the near future as more and more digital currency adoption is embraced and used at retailers worldwide.
See below for some facts on why we should be recycling and why we will reward you to.
1 recycled tin can would save enough energy to power a television for 3 hours.
1 recycled glass bottle will save enough energy to power a computer for 25 minutes.
1 recycled plastic bottle would save enough energy to power a light bulb for 3 hours.
Tin Cans/Aluminium Recycling Facts
24 million tonnes of aluminium is produced annually, 51,000 tonnes of which ends up as packaging (drinks and food cans etc) in the UK.
If all cans were recycled in the UK we would need 14 million fewer dustbins.
£36,000,000 worth of aluminium is thrown away to landfill each year. If this were put to good use it could give put an extra 1650 emergency workers in the UK system (nurses, police and fire crews).
Aluminium cans can be recycled and ready to use again in as little as 6 weeks.
The aluminium drinks can is the worlds most recycled packaging. In the UK alone 60% of current drinks cans have previously been recycled.
Manufacturing one aluminium drinks can from raw materials uses the same amount of energy as it would take to recycle 20 drinks cans.
If all the aluminium drinks cans recycled in the UK during the previous year were laid end to end it would stretch from John O'Groats to Land's End 140 times, or go around the earth 30 times.
Every steel can is 100% recyclable, it can be turned into more steel cans, bicycles, parts for cars and many other every day products each and every time.
Every day over 80 million food and drinks cans end up in landfill from the UK alone.
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, 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.
If you needed another reason then please read below and you will see why you should recycle your plastic drinks containers:
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.
Blockchain infrastructure build and implementation/start period – Immediately and will launch in a little over 2 months from now.
RecycleToCoin Diagram
