To bring the circular economy under a specific technology to unite the waste management industry on a mission to eliminate maximum waste from the private sector to prioritize the SDG’s.
Waste management industry is divided into public and private sectors and although private industry is still producing comparatively less waste than public sector, they can utilize their own waste into producing raw materials for either their own use or to sell them off. It is possible because the private waste can be tracked whereas it is close to impossible to track public waste. That is why a solution, through which a system can be put in place to make it possible for the waste management industry to regulate the waste generated by the private sector.
Our team developed a blockchain based solution that fully complied with the client’s requirements and we succeeded in increasing the visibility and transparency about the lifecycle of waste from point A to point B. We used a blockchain to track each transaction while continuously updating on the amount of each type of waste, who collected it, and how it was recycled. The solution facilitates in closing the loop between waste and production by pioneering a Coin (Full Circle Coing) that will be used to trade within the ecosystem and in return help bring the traceability to the ecosystem. Through this solution, we are binding the stakeholders under a smart contract to solidify the transparency and traceability of the operations. This way we get one more step towards accomplishing the SDG’s on a global level.
To say the least, the clients were extremely happy with the deployment of its first of a kind solution. With the testing phase gone smoothly, we were confident in our solution as it not only functioned efficiently, but also complied with 100% of the client’s requirements. We further plan to do the marketing for this solution and bring the investors into our confidence so that we can showcase this technology to the rest of the world.
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Dubai, United Arab Emirates
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