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Plastic Bank for Digital Credits to Clean Planet September 17, 2018 Blockchain [ad_2][ad_1] [1 9459011] Plastic Bank was created in 2013 and their main goal is to stop Ocean Plastic, under the advice of CEO David Katz. To make this possibility, the company basically converts waste collection into a digital asset that can be spent by anyone contributing. The website says: "By enabling plastic exchange for money, objects or blockchain with digital tokens, we reveal plastic value, which allows ecosystems to be recycled around the world and blocks the flow of plastic into our oceans. All this while helping people living in poverty to build a better future. " The biggest jobs this society will benefit are the areas with the highest amount of pollution and toxic waste. People who decide to collect rubbish and play their part are able to cash in for a "higher rate on the market". To get a profit, the plastic collected is sold through Social Plastic, giving access to impoverished families to earn income at a much faster rate than recycling in a governmental entity. The company recently partnered with IBM to introduce the blockchain to encourage consumers to have a more environmentally friendly mindset. IBM is lending its blockchain technology to offer opportunities to use tokens and make purchases on the network. For more information about Plastic Bank, visit https://www.plasticbank.org/contact/#.W57l2-hKiM8. [ad_2]Source link Tags Bank Clean Credits digital Planet Plastic Related Articles Blockchain is good or bad for the environment? January 14, 2019 Opinion: Strengthening of the adoption of Blockchain in SA January 14, 2019 EduHash's Main-net blockchain January 14, 2019