THE PLASTIC FINANCE.

5 min readJun 16, 2021

Every year, we generate more than 2 billion tons of garbage, according to the United Nations. Global trash might reach 3.40 billion tonnes by 2050, more than double the rate of population increase during the same time period. The average amount of trash produced per person each day is 0.74 kilograms, although this varies from 0.11 to 4.54 kilos. These percentages might rise by 40% in low- and middle-income nations and 19% in high-income nations by 2050.

PROBLEMS WE FACE :

We want to talk about two things. The first concerns the poor recycling system, which prevents people from living in a circular economy. The second is about the important but underserved garbage community.

INADEQUATE RECYCLING SYSTEMS IMPACT THE CIRCULAR ECONOMY :

Waste recycling is a type of wealth generation. It has the potential to stimulate grassroots investment by impoverished people, generate employment, decrease poverty, save cities money, boost industrial competitiveness, conserve natural resources, and safeguard the environment.

Promoting a circular economy in the context of plastics may be accomplished through maximizing recycling efforts.

Most plastics can only be recycled three times due to their chemical nature, with each recycling process resulting in lesser grade polymers. Plastic will be destroyed after the recycling process, contaminating our environment indefinitely.

AN IMPORTANT BUT WASTEFUL COMMUNITY The fact that the trash population in landfills suffers, particularly in poorer nations, becomes an irony. Landfills rely on informal labor as scavengers, trash sorters, transporters, and all jobs in the recycling process due to the city’s ineffective recycling infrastructure. As a result, landfills provide a source of income for millions of people.

Garbage villages are likewise denied access to the banking system, despite the fact that they require it.

The majority of scavengers and garbage sorters are unpaid volunteers who earn only a pittance. Denying them access to the financial system prevents them from obtaining more productive instruments. Furthermore, because they are typically financially uneducated, they become prey to moneylenders. This has a negative impact on their well-being.

SOLUTION :

Blockchain technology and stable currencies can help to streamline finance for the plastic recycling business, empower the waste community, and become an ESG investment model.

we propose three pillars of solution :

Tokenization can help to increase the transparency of waste costs. DeFi provides economic and social empowerment to the trash community. Ensure the long-term viability of this movement by using security tokens, and carry out this project as an ESG investment model. We tokenize each form of plastic trash and build an internal exchange using smart contracts, so that everyone in the waste supply chain may easily monetize plastic trash. Blockchain The technique improves pricing transparency and may be used as a tracer for improved waste management.

Following that, we develop DeFi DApss, which allows trash to be pledged as an asset. Scavengers and communities will be able to obtain funds to enhance their output thanks to deFi. Finally, governance tokens that also act as dividend tokens will assure the circular economic model’s long-term viability. By making this approach an ESG investment, we can boost its global adoption potential.

OUR MISSION :

BY IMPROVING RECYCLING SYSTEMS, WE SUPPORT A CIRCULAR ECONOMY :

Plastic Finance focuses on plastic recycling by boosting scavenger productivity. We do not interrupt the waste value chain; rather, we add value to it, benefiting all stakeholders. Furthermore, we sponsor a tree replanting initiative to extract carbon from CO2 emissions, reinforcing our commitment to a circular economy.

WE EMPOWER THE WASTE COMMUNITY IN ORDER FOR THEM TO HAVE A BETTER SOCIAL STATUS IN SOCIETY :

The goal of Plastic Finance is to empower the trash community. We concentrate on activities that will boost their self-esteem, which will boost their productivity and well-being.

WE IMPLEMENT DEMOCRATIC ACCESS TO ESG INVESTMENTS :

With the support of the investing community, we can sustain and grow our efforts to enrich the recycling system and empower the trash community. We are democratizing access for everyone to participate in the global purpose of recycling and empowering people with DApps and DeFi.

STABLE COINS AND BLOCKCHAIN TECHNOLOGY :

Can play a significant role in motivating every home and MRF to simplify plastic recycling industry funding. Using smart contracts, we can tokenize all types of plastic regrind and pellets, as well as establish an internal exchanger, allowing consumers and industry to easily monetize plastic waste. Furthermore, we may develop DeFi Dapps that allow this trash to be pledged as an asset.