0
📰 News
957 views

Manila Teams Up with ConsenSys to Pay Its Residents in ETH for Cleaning Garbage

  • Yuri Molchan
    📰 News

    Philippine authorities to launch an Ethereum-based decentralized app to reward Manila citizens with Ether for cleaning garbage from local beaches

Manila Teams Up with ConsenSys to Pay Its Residents in ETH for Cleaning Garbage
Cover image via u.today
Contents

Ethereum co-founder Joseph Lubin, who is also the head of ConsenSys, the world’s major DLT software developer, recently tweeted that the new Ethereum-based dApp (decentralized application) is going to reward people in Manila for picking rubbish from the city’s beaches.

That is going to be achieved by using ConsenSys Impact and Bounties Network, which will create a new model for cutting out the middlemen, and from now on people will be funding causes directly.

Philippines is a good starting point

Bounty is believed to be a promising dApp, since its users can receive compensation directly and on a transparent basis via a DLT network and its public ledger. The dApp is based on the Ethereum protocol, and it allows anybody to launch a bounty system and then reward those who participate with ETH coins. This is a way to support different initiatives.

👉MUST READ

Six Employees from Facebook, Netflix, Apple, etc, That Switched to Jobs in Crypto

Six Employees from Facebook, Netflix, Apple, etc, That Switched to Jobs in Crypto

Garbage for crypto

A while ago, a subsidiary of ConsenSys, ConsenSys Impact, implemented a non-commercial blockchain-based initiative in order to urge people clean up beaches from plastic garbage. It is dubbed “Bounties for the Oceans: Philippines Pilot – Sustained, Verifiable Plastic Cleanups”.

As per the organisers of this program, pollution from plastic objects kills one million seabirds and around 100,000 sea mammals a year. Then, people themselves get to eat fish that eats plastic garbage in the ocean. So potential users of the new dApp are expected to submit a proof of them cleaning beaches that can be verified with blockchain. They will be rewarded in ETH.

More tourists – more garbage

This initiative has been launched in good time, since just recently the popular tourist resort in Boracay has been reopened. This destination is famous for its clean water, spots for diving and sand of a special white colour. Until recently, Boracay has been suffering from heavy pollution. So cleaning beaches for crypto rewards seems to be particularly handy at the moment.

This was quite easy to set up, though, since the Philippines has adopted Bitcoin and other crypto coins as an official means of settlement, which has made way for an increase in crypto adoption in this area. The local central bank has allowed Bitcoin usage as an official method of remittance, too.

There is nothing new under the moon

Earlier, U.Today reported about a similar initiative arranged by a Norwegian entrepreneur who founded a startup to encourage local citizens to clean up beaches in the country and be rewarded with the company’s own coin for that.

Among his plans was a rollout to third-world poor countries where people can sell garbage for crypto by kilos.

Subscribe to U.Today on Facebook, and get involved in all top daily cryptocurrency news, stories and price predictions!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

👓 Recommended articles

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings