Another use of blockchain technology has been fully revealed. On the surface: it is to help us clear our actions. While putting food on the table of the poorest households, on the other hand, such superstar technology also ensures efficient waste disposal. Or at least, it will soon become a reality.
Each year, humans produce more than 2 billion tons of waste, most of which will eventually be disposed of in landfills or deep into the soil and pollute the oceans. Disposal of waste is a serious issue. These wastes are also underutilized resources.
Although most countries try to dispose of waste through deep landfill or burning of non-toxic materials, we are destroying the environment while wasting resources. So how can a blockchain be used well?
Blockchain tracking capability is the perfect solution for monitoring the garbage cycle. Just as there are inefficiencies in the rest of the traditional supply chain, irregularities in the handling of waste are commonplace, and there are many links to play in this link.
Blockchain technology allows products to be recorded at production time and assigned unique identities. Then, they can start, sell, trade, and circulate from the beginning of life until the final stage of the application of blockchain tracking. And overall information can be stored.
When the product is disposed, a transaction can be created to record the end of its life. When an item is discarded in a place it should not, such as on the street or on the beach, it can be traced through historical records.
Of course, allocating code for each product may not have real possibilities because it can be easily broken or interrupted. However, tracking plastics and industrial products makes it very likely that large companies will assume responsibility.
Blockchain technology can also be used to motivate people to properly dispose of waste. In European countries such as Germany and Austria, recycling is a natural way of life, but uncontrolled dumping is common in other countries such as Chile and Turkey. At there, all types of rubbish are mixed together, making proper handling almost impossible.
People can accumulate points for their own by monetary rewards for correct handling of waste . These can be used to withdraw cash, exchange energy credits, or for their own purposes. Therefore, if the user has a weaker incentive to save the planet, then through blockchain monetary channels in exchange for a certain amount of personal income, that is feasible.
When living improves to a whole new level, rubbish can become tradable commodities. Once the country becomes efficient in waste disposal and recycling, they can import wastes from other countries and gain profit from handling waste.
If you think this is a good opportunity for developed countries to dump toxic waste into emerging economies, remember that blockchain technology can increase this level of trust. The parties will respect the corresponding respect and ensure that imports and exports are carried out in the right way. The end result will be to make the earth cleaner.
