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The people of Manila, capital of the Philippines, will be paid to Ethereum (ETH) to tidy up a highly polluted beach in the region. Payment is activated through a decentralized application (dApp) called Bounties Network – on the ETH blockchain, which also functions as a freelance platform for the realization of several key tasks.
The Bounties network allows all users of the platform to make a prize and reward all participants involved in cleaning using Ethereum. If the similar project were to be done and the participants paid with fiat money, it would be almost impossible to achieve it, according to CCN
relationship.
This is due to the fact that all participants would be required to hold bank accounts, and the high commissions charged during transfers, the legal and accounting positions would dissuade the entire movement. It would also take more than 14 days to complete an international transfer. Each participant receives 0.03 ETH as a reward after completing the activity.
Sizes for the oceans
ConsenSys Impact is a subsidiary of ConsenSys and recently won the Bounties Network award, nicknamed "Sizes for the oceans: Pilot of the Philippines, sustainable and verifiable plastic cleanings". The effort
motivates residents must stand up and make the beaches in order, rather than depending on centralized institutions:
"Plastic pollution costs the lives of 1 million seabirds and 100,000 marine mammals in the year, fish eat plastic and eat fish, causing $ 8 billion in marine ecosystem damage every year. ".
The project aims to do two things at the same time: making the environment clean and evolving from fiat currencies to cryptosides. Residents of underdeveloped areas also need to understand and get used to the new type of finance to raise world-wide adoption, but not only in the first-world people in the developed Manhattan bars. Second
Joseph Lubin, Co-creator of ETH:
"In Manila, participants will be paid to ETH for a few hours to clean up one of the most polluted beaches in the world, Bounties Network and ConsenSys Impact are demonstrating a new model where people fund cases directly without intermediaries."
AI and DLT in the decision-making process
As many of these small decentralized projects multiply, people will know that centralized government is not important and has failed when it comes to financial distribution, environmental concerns and global poverty.
Energy must be relocated to smaller regions assisted by artificial intelligence and distributed accounting technology for localized and democratized decision making. It has an added advantage of being cheaper since not a single cent is wasted to support a third party. In the end, the world will improve when we promote individual action through appropriate incentives, instead of waiting for a political and economic structure that does not materialize on its own.
Recently, the Philippines went out to ask Australia, South Korea and Japan to invest in its "Crypto Valley", as
reported of Coinidol.
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