Plastik Finance and How It Works
ith the increasing problem of waste management and the improper recycling system, we need more platforms like Plastik Finance. The platform focuses on green management that can save planet Earth in the long run. The network is about incorporating blockchain technology and decentralized system into waste management so the operation can go smoothly and seamlessly. And the platform provides rewards and incentives for those who contribute to the ecosystem.
The World’s Waste Issue
A person can generate waste up to a kilo a day. Imagine how high the number is with seven billion people in the world. Although waste management and recycling have been introduced and promoted, only 9% of them truly work. It means that 91% of the waste goes unmanaged and un-recycled, polluting the only place we have (and live in).
Plastik Finance is a platform that tries to change this issue. Not only it encourages more people to be aware of their waste, but it also provides incentives for those who contribute to the system. Through blockchain technology and decentralized system, the platform incorporates the required technologies to make the platform convenient, easy, and profitable. And it is also designed to help the waste communities, which refer to waste pickers and their families. These are the parties that are often left neglected and unbanked.
The Benefits of Plastik Finance Platform
With Plastik Finance’s ecosystem and work management, the recycling process is made simpler and shorter. In traditional (and current) recycling system, the waste from waste pickers have to go through sorting collectors first before it reaches the MRF. From MRF, the end product still goes to plastic pellet producers before it reaches industrial reuse. In Plastik Finance’s ecosystem, waste pickers immediately go to MRF (without using any intermediary). From MRF, the end product goes straight to industrial reuse; again, not going through any intermediary.
The shorter process is more efficient and it saves a lot of money in the end. Because of it, a lot of money can be saved and given to those who have rights to it, especially the waste pickers. They are basically the backbone of this industry, but they aren’t being rewarded properly. Through Plastik Finance, it is now possible to reward them so they can finally enjoy their own level of prosperity.
Plastik Finance’s Ideal Concept
The platform believes that an ideal DeFi should be able to serve all parties. It should be able to serve the public, the Cooperative, and most importantly the waste pickers. In fact, the platform is able to serve the waste pickers directly because they are given the option to be paid by a stable token or fiat (real) money. If they choose the stable coin, they can keep it within the DeFi. It functions as collateral, if they want to get a fiat loan. They can also exchange the token with fiat money in DeFi.
The public and the Cooperative also have important role in the platform. In fact, when they contribute, it will improve the platform’s liquidity pool. And the more people adopt the platform would mean more unbanked people would have access to financial help that they should get. It also means that more waste can be managed. Interested in joining Plastik Finance?