Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: Goodcat49 on December 01, 2018, 03:43:50 PM
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The people of Manila, Philippines’ capital city, will be paid Ethereum (ETH) for tidying a highly polluted beach in the region. The payment is enabled via a decentralized application (dApp) called Bounties Network — on the ETH Blockchain, that also works as a freelance platform for the accomplishment of different key tasks.
Bounties Network allows everyone on the platform to make a bounty and reward all participants involved in cleaning using Ethereum. If the similar project was to be done and participants paid using fiat currency, it would be almost impossible to be accomplished.
This is because all participants would be required to possess bank accounts, and high fees charged during the transfers, legal & accountancy exercises would deter the whole movement. They would even take over 14 days to complete an international transfer. Every partaker is given 0.03 ETH as a reward after the completion of the task.
Bounties for Oceans
ConsenSys Impact is an auxiliary of ConsenSys, and recently rolled out the reward on Bounties Network, popularly dubbed "Bounties for the Oceans: Philippines Pilot, Sustained, Verifiable Plastic Cleanups." The effort motivates residents to stand up and make the beaches tidy by themselves rather than depending on the centralized institutions:
“Plastic pollution costs the lives of 1 million seabirds and 100,000 marine mammals per year. Fish eat plastic, and we eat the fish. Plastic causes $8 billion in damage to marine ecosystems each year.”
The project aims at doing two things at once - making the environment clean and evolving from fiat currencies to cryptos. Residents of underdeveloped areas also require to get understand and get used with the new type of finance to elevate world adoption, but not just in first-world people in developed Manhattan bars. According to Joseph Lubin, ETH co-creator:
“In Manila, participants will be paid in ETH for spending a few hours cleaning up one of the most heavily polluted beaches in the world. Bounties Network and ConsenSys Impact are proving a new model where people fund causes directly without intermediaries.”
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/philippines-manila-inhabitants-awarded-ethereum/
(https://coinidol.com/upload/resize_cache/iblock/877/900_900_1/877284ede9d80115b0ab95a0eae824f1.png)
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Nice development to the people of Philippines,, this will encourage more people to come into crypto. And also can serve as part time job
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It turns out that cryptocurrencies like Ethereum can be a good thing to the environment not in a direct way but in a
way that will reward people who are willing to help and clean our environment and it is also a good way of giving some
incentives while promoting a cryptocurrency in an indirect way.
I hope that this kind of projects or activities continues because it is not just helping our environment but I guess it
educates people on how to use cryptocurrencies.
:)