Swachhcoin is a unique blockchain-powered attempt at micromanaging wastes from households
and industries and efficiently converting them into useful products. These products, at the end of
the process, will be of higher economic value. Swachh Ecosystem is essentially a DAO (Decentralised
Autonomous Organisation), governed autonomously on the basis of pre defined instructions in
the form of smart contract. There are various smart contracts in a DAO. Initially, we intend to delve
into the realm of, but not limited to green-energy, fertilisers and power generating gases as of
now. But given the rapid progress of fundamental research on efficient product conversion, we
look forward to adapt and better the existing working technology. Managing resources is not
a simple task and given the terrible state of waste resources management in most countries,
Swachhcoin will help model an ideal system. For a foolproof system, effective decentralisation
and robust micromanagement are the underpinning. This is where the blockchains technology
and several sub-programs offered by Swachhcoin comes into picture. Our will is to create a truly
sustainable, clean community development around the world while improving the economic
conditions of all individuals professionally associated with the industry in any capacity along with
the domestic households.
Excessive Generation Generation of wastes has been an acute problem for a long time now.
Quoting the World Bank report, The United States is single handedly responsible for generating
250 million tons of wastes annually. Evidently it has the highest per-capita waste generation
amounting to about 4.6 pounds per day.. Considering these figures, an average citizen in the
United States disposes 1,200 pounds of wastes a year. These discarded wastes could be potential
compost material and be kept out of landfills. Since the 60’s, the quantities of wastes generated
have tripled leaving us with a bigger burden. Day in day out, the USA throws as much wastes as to
fill around 60,000 garbage trucks. The severity of the problem seems acute when we extrapolate
the data from the USA to the rest of the world. Quoting the report again, the per-capita waste
disposal is expected to rise up to 1.5 kilograms per day by 2025. Considering today’s average of 1.2
kilograms per day, this is a significant 25% increase.
Landfill Issue Leachate and emissions of the harmful greenhouse gases are frequently associated
with Landfills. A closer look at the qualitative contents of the wastes produced reveals that most
materials that end up as wastes contain toxic materials. Gradually these toxic substances precipitate
and leach out of the soil, eventually entering the groundwater and rendering them hazardous
and unfit for consumption for years to come. The organic materials, compacted as a result of
this, are covered down without being exposed to soil. This affects the natural aerobic process of
decomposition by inhibiting oxygen through the covering of organic substances. This contributes
to the production of inflammable, unwanted and harmful greenhouse house gases like Methane
which are lethal to living organisms.
Toxicity Waste Tons of toxic wastes produced each year, amounting to around 440 million tons,
gives us a sneak-peek into a much bigger problem. An average American produces about 3200
pounds of hazardous wastes. These include all sorts of materials - liquids, solids, contained gases,
sludge, discarded commercial products like pesticides and cleaning fluids and byproducts of
manufacturing processes. Uranium seems to be a rather common toxic pollutant with the United
States having billions of gallons of it’s groundwater polluted by it. Studies in the US have revealed
presence of 63.5 million tons of radioactive material, of which Uranium derived from spent nuclear
fuel being the most prominent, buried in landfills, trenches and unlined tanks.
The problems related to global Waste Management are uncountable.
Organised mismanagement Ever since waste-management has evolved into a profit making
venture, people who opined in favour of safe and effective waste-management techniques have
been outmatched by new industries waiting to invest in this business. Every industry, inclusive
of the waste-management sector, has been a victim of organized corruption - either controlled
by certain individuals or through systematic looting. These corporations have no regard for
environmental impacts and do not seem to understand the severity of the issue.
Swachhcoin aims to create a global, decentralised waste management ecosystem majorly
comprising of industries and domestic households. Creation of such a network will enable
deployment of an extensive infrastructure which will provide the necessary impetus for proper
waste management. The planet that we live in is at every moment progressing towards an
inevitable day when it will become inhabitable for human life. This is largely due to unjustified
and uncontrolled exploitation of resources and irresponsible discard of used material without a
properly implemented damage control policy in place. Swachhcoin is a mission to change the
way people perceive waste by proving them that it is the greatest untapped resource available to
mankind. Swachhcoin strives to implement a monetary incentivising mechanism where people
are rewarded for proper waste management. This will over a period of time inculcate the habit
of proper waste management amongst all. Apart from contributing for the betterment of the
surrounding, this platform with the help of multiple advanced technologies makes the waste
processing extremely profitable for the waste management industries, thus catalysing widespread
adoption and network growth. A vast but disorganised waste management system currently
prevailing does not have the ability to leverage advanced technologies that can potentially bring
about a complete change in their revenue. Swachhcoin will help them bring about this change.
On ground level, waste management sector directly and indirectly exploits the worker who work
in the inhumane conditions on merge or almost no payroll in the absence of any employment
contracts and worker protection. Swachhcoin will autonomously provide workers all of these
things. Swachhcoin will also develop a philanthropic infrastructure in order to serve the less
fortunate through its network-fee contribution. The funds accumulated through this will be fairly
and transparently distributed autonomously, to uplift them and increase the living standards of
the last person in the society.
‘The sum of all these activities will ultimately serve humanity and make this planet a better place
to live in.’ - Swachhcoin Foundation
Lots of Plastics Around 8 million metric tons of plastic ends up in the oceans every year which is
equivalent to five grocery bags of plastic trash for every foot of coastline around the globe. Only 9
percent has been recycled. The vast majority - 79 percent - is accumulating in landfills or sloughing
off in the natural environment as litter and at a point, much of it ends up in the oceans, the final sink.
Using World Bank data on 192 coastal countries, researchers estimated that China,
the most populous nation, has the most mismanaged plastic waste per year and
also generates the most plastic debris that end up in the ocean at 28 percent.
It is not a hidden fact that the global waste management problem we face cannot be tackled by
a handful of people or organisations. The willingness and contribution of mass population is key in
successfully achieving our objective. The best way to encourage people to properly manage their
wastes will be to incentivize them monetarily for proper waste disposal and raise their awareness
about the issue. This is the core of the proposed solution Swachhcoin offers. Also, it is scientifically
proven fact that the amount of high-economic-value outputs that can be obtained from the
accumulated wastes is tremendously reduced due to various types of waste being intermixed,
thus degrading the unique property/individuality of the same. Swachhcoin will implement waste
segregation at source in SwBINS to eliminate this problem. The traditionally running waste
management industries have poor infrastructure and the archaic technologies available to them
greatly limits their operational abilities. Swachhcoin will completely eliminate this problem and
take the technological abilities of the company to the state of the art level, thus increasing their
profits significantly. There will be additional revenue generated from deploying technologies such
as AI, Big Data, IoT and Blockchain since they will increase operational efficiencies and productivity
while also improving the output quality, thus the additional capital invested in upgradation is also
justified. The cost of these additional investment will also be covered from ways that are currently
absent in this sector such as revenue obtained from advertisement. Existing waste management
companies will be provided with complete business plan, including a break even point, based on
the past research and development along with active onsite survey. This process will help us cross
over the adoption barrier.
According to report published by UN, the world population will increase from 7.6 billion today
to 8.1 billion in 2025, with most growth in developing countries and more than half in Africa.
Needless to say waste generation is going to be tremendous. The trends of some of the developed
countries indicate and establish that waste
generated is directly proportional to the
development levels of the region. With rapid
development in various countries globally,
the waste generated is bound to increase
manifold. Swachhcoin’s aims to make whole
of waste management sector decentralized,
autonomous and technically advanced so that
the problem of too much waste and lack of
resources such as energy and other potential
goods of economic value that are produced
upon processing waste materials can be
minimised if not eliminated. Swachhcoin’s
domain of action relies in the area of gap
between the total waste produced and the net
waste treated or recycled. Currently the gap
between the two is highly disproportionate.
A constant and smart effort is required to
decrease this gap between the two. Also,
since the waste generation, in sync with the
increasing population is not expected to decrease anytime soon, there will always be the need to
cope with it and thus an ever increasing need of such a platform.
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