US Cleaning Supplies Firm To Open Blockchain Rewards-Based Recycling Centers in Indonesia

Published at: Oct. 29, 2018

U.S. manufacturer of household cleaning supplies SC Johnson and environmental organization Plastic Bank will open several plastic recycling centers in Indonesia, offering locals tokens for waste collection, according to a press release published Sunday, Oct. 28.

SC Johnson, which owns such brands as Glade, Ziploc and Mr. Muscle, has revealed recent scientific data on the plastic pollution of the ocean, stating that five Asian countries — China, Indonesia, the Philippines, Vietnam, and Thailand — account for more than 55 percent of the plastic waste leaking into the ocean.

With the help of Plastic Bank, SC Johnson will open eight plastic collection centers throughout Indonesia. The first one has officially opened in tourist mecca Bali on Oct. 28, with other centers scheduled to be operational by May 2019. After opening the network in Indonesia, SC Johnson hopes to expand the program to neighbouring Asian countries.

In those centers, local collectors can exchange plastic waste for digital tokens, which can then be used to purchase goods and services via a decentralized system. The press release notes that the use of blockchain in distributing tokens could help reduce the risk of loss or theft of remuneration.

This blockchain solution, the companies believe, will not only help combat the ocean pollution problem, but could reduce the poverty level in Indonesia itself, according to founder and CEO of Plastic Bank David Katz.

Blockchain technology is widely used in charity programs owing to its sustainability and high security level. For instance, the United Nations (UN) created a special panel on digital cooperation, which explicitly puts blockchain technology on the agenda.

Recent examples of blockchain use by UN include the UN Women project in Jordanian refugee camps, where fugitives obtain their salaries directly using blockchain. The payments within the program can also be made via a decentralized system where one can purchase food or goods using an iris scan instead of cash or cards.

Decentralized solutions are also used in the environment protection area, especially in the industry of renewable solar energy. For instance, Singapore’s major utility provider SP Group has recently announced the launch of a marketplace for the sale of renewable energy certificates.

Tags
Related Posts
The Case for a Surging Tokenization Demand Following the COVID-19 Pandemic
One of the most curious and subtle developments of the COVID-19 global pandemic is the surging demand for stablecoins. Their total supply hit an all-time high recently — roughly $7.5 billion — with demand for Tether (USDT) and USD Coin (USDC) soaring. The development implicitly foreshadows financial disruption as desperate emerging market governments, foreign financial institutions and international businesses compete for a global shortage of dollars. The general consensus for the term of the development is called crypto or digital version of dollarization, and it represents a new take on the dollarization mechanics that have taken place across countries like …
Decentralization / April 30, 2020
Hackers Grab Nearly $480K From Blockchain Platform Nuls
Blockchain platform Nuls has lost almost $480,000 worth of NULS tokens due to a hack, according to a security update tweeted on Dec. 22. In its tweet, Nuls said it had detected that 2 million tokens had been transferred, of which 548,354 tokens — worth roughly $131, 600 — had entered the trading market and were now untraceable. Mandatory hard fork upgrade to be released ASAP In response to the theft, Nuls has decided to hard fork the blockchain at block height 87,800: “After the hard fork, the remaining 1451645.65303905 NULS that has not entered the trading market will be …
Blockchain / Dec. 23, 2019
How the Pressures of the Coronavirus May Open the Door for Tokenization
The coronavirus pandemic is the only thing on most people’s minds right now around the world. The pending economic fallout is only surpassed by the anxiety induced by surging cases in both the United States and Europe. People remain firmly in quarantine around the world, and consumer demand has fallen off a cliff as people are holed up with only basic necessities. Paired with the awful Purchasing Managers’ Index numbers published by the National Bureau of Statistics and the China Federation of Logistics and Purchasing, as well as early U.S. indicators, we’re about to experience a double-pronged, concurrent supply and …
Decentralization / April 2, 2020
Wells Fargo Files Patent for Tokenization System to Protect Sensitive Data
San-Francisco-based bank Wells Fargo has outlined a patent for a tokenization system that would protect data, according to a filing published by the U.S. Patent and Trademark Office (USPTO) July 17. The newly published application details a system in which any type of data element — whether a document, graphic, or database value — could be located, accessed, and protected by means of tokenization. Tokenization, as the patent filing outlines, uses encryption methods to process an originally unrestricted data element into a corresponding restricted token that can subsequently only be retrieved — or ‘detokenized’ — by a specified user. The …
Blockchain / July 18, 2018
What Happens If the US Loses the Blockchain War?
While Mark Zuckerberg was fighting with the United States Congress over Facebook’s Libra, China took another step forward in the global technology race. President Xi Jinping called on his country to “seize the opportunity” in order to become a leader in blockchain technology as it tries to do likewise with artificial intelligence. This could be an opportunity for China, which has already become the world’s leading trading nation, to stand up to the first economic world power and flex its muscles. But how significant is this move, and what happens if China really wins the blockchain race? “For the Chinese, …
Blockchain / Jan. 7, 2020