follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here Ads bidding Bidding Open

Author Topic: An Introduction to WaCo - The Waste Digital Coin  (Read 995 times)

Offline CryptoDevLover

  • 1st Step
  • *
  • Activity: 1
  • points:
    140
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: September 05, 2023, 08:53:55 AM
    • View Profile

  • Total Badges: 4
    Badges: (View All)
    First Post Second year Anniversary One year Anniversary
An Introduction to WaCo - The Waste Digital Coin
« on: March 05, 2021, 05:12:52 AM »
Whenever you consume a product, you usually pay for it twice. In the first instance, you pay for it at the retailer. Later, you pay for its disposal in the form of tax to local authorities. However, waste does not have to be a cost to communities; it can be seen as a raw material with monetary benefits via recycling.

Getting Value Out of Waste

One way to achieve value from municipal waste is by consumers paying to gift others in the production chain with valuable waste. The WaCo project is designed to achieve that. The digital coin has a goal of integrating consumers in the waste ecosystem.

WaCo wants to ensure that consumers derive value form their waste. With WaCo, consumers will receive payments in WaCo coins when they dispose of waste the right way. In exchange, consumers will trade in their data. The data will reveal certain things such as:

•   Their consumption patterns
•   The accumulation and handling of waste
•   The availability of waste to feed the recycling sector

Those in the recycling sector, consumer goods manufacturers, and government agencies charged with waste disposal can use these data. Government agencies can use the data to design waste disposal polices, goods manufactures can use it to retool their production lines, while waste recycling centers can use it to optimize their recycling efforts.

The Problem WaCo is designed to Solve

Globally, the environment is one of the most important issues being discussed by policy makers and citizens. Today, there is awareness that unsustainable consumer practices have caused a lot of damage to the environment.

Besides causing global warming, improper waste disposal has caused harm to the environment, ruined ecosystems, and in some cases, led to the extinction of species. However, the good news is that various agencies and interested parties globally are working to rectify harmful waste disposal practices.

Numerous technologies have been developed in recent years that aim to improve waste management. However, most of these technologies are only used sparingly is a few locations globally. In most places around the world, the norm is still to dispose of waste in the deep sea or in landfills.

For the technological innovations in the waste management sector to have a lasting impact, there is a need to include people into the process. If the people factor is not included in waste management policies, the problems facing the waste disposal sector are unlikely to go away.

The WaCo Solution

People need to be empowered and incentivized to ensure that the issues facing the waste management sector are dealt with effectively. The WaCo project has a goal of achieving that. It utilizes technology that automatically monitors the waste management ecosystem and collects valuable data.

WaCo integrates the blockchain into the waste management process and crypto to solve issues facing the waste management sector. By utilizing the blockchain, the WaCo project is able to achieve secure and immutable records. The use of crypto provides an incentive for people to participate in proper waste management practices in real time. For instance, it gives them an incentive to volunteer accurate data, which can be used to save the environment from improper waste disposal.

How WaCo will achieve its Goal

WaCo plans to achieve its goal by creating a Waste Trace System (WTS), which is made possible using an app. To acquire accurate and timely data about the waste disposal ecosystem, WaCo will create a reward system powered by the WaCo digital currency. As part of the solution, the project will create a dedicated blockchain where the data obtained will be stored and processed using advanced data analysis tools. All the information gathered will then be availed to public and private stakeholders in the waste management ecosystem.

Altcoins Talks - Cryptocurrency Forum

An Introduction to WaCo - The Waste Digital Coin
« on: March 05, 2021, 05:12:52 AM »

For Monthly biddings Check Here


Offline Leocaspis

  • Full Member
  • *
  • Activity: 248
  • points:
    7885
  • Karma: 6
  • FRX: Ferocious Alpha
  • Trade Count: (0)
  • Referrals: 5
  • Last Active: May 22, 2022, 03:00:30 PM
    • View Profile

  • Total Badges: 18
    Badges: (View All)
    Third year Anniversary Second year Anniversary 10 Posts
Re: An Introduction to WaCo - The Waste Digital Coin
« Reply #1 on: April 15, 2021, 11:20:07 AM »
After some time, having studied the issue of WaCo, the company becomes interesting and the development of their direction of work and the goals set. If the company goes to the interaction of the investor's user and tries to solve certain issues, then this is the level that the company holds ..

 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod