On the basis of the Ethereum blockchain will be launched decentralized application for the payment of remuneration to residents of the Philippines for the cleanup of the highly contaminated beach, the nation’s capital — Manila.
Joseph Lubin (Lubin Joseph), Ethereum co-founder and CEO of a startup ConsenSys, the largest manufacturer of software for networking of the blockchain in the world, said about the initiative:
“In Manila, the participants will receive payment in ETH for the fact that they will spend a few hours doing clean-up one of the most polluted beaches on the planet. Bounties ConsenSys Network Impact and prove the effectiveness of the new model, in which people Finance the event directly, without intermediaries”.
Bounties Network, Ethereum-based application that allows anyone to create a platform to reward and to address the participants of the payment in ETH, supporting various events and initiatives. The platform was recognized as a viable option of applying blockchain technology, because the participants receive compensation in the most transparent form using the public register on blockchain network.
ConsenSys Impact, a subsidiary of the new York ConsenSys, presented non-profit initiative called “Gifts for the oceans: the Philippine pilot cleanup activities from plastic, verifiable”, which means including as a stimulus for wider application of the blockchain in the country.
“Plastic pollution is worth the life of 1 million sea birds and 100,000 marine mammals every year. Fish eat plastic and we eat fish. Plastic causes damage to the marine ecosystem in the amount of $8 billion every year. In the framework of the “Gifts of the ocean” we are asking people from around the world to present implies a possibility of checking the proof of their direct contribution to the purification from plastic as a way of promoting large-scale and long-term behaviour change. Do not be dependent on centralized organizations go back and do it themselves”, — stated in the program description.
It is worth noting the launch of the initiative coincided in time with the opening for the purpose of tourism Philippine Boracay — the place of attraction for divers and tourists, known for its crystal clear water and a very special white sand, after the island was highly polluted and inaccessible as a tourist destination.
Why Philippines is a good place to start such a program?
The Philippines is considered an ideal region to launch a non-profit blockchain initiatives: country adapted cryptocurrency, recognizing them as a legitimate form of payment and the Central Bank officially ranked bitcoin tools for money transfer.
In the end, the extent of the use of bitcoin and other major cryptocurrencies such as Ethereum, has grown most rapidly, boosted by the work of local platforms — for example, Coins.ph, providing substantial liquidity for local users.
Through partnerships with major commercial banks, companies engaged in money transfers, credit card issuers, operators of electric grids and grocery stores trading platform Coins.ph allowed users to Deposit and withdraw funds from the digital assets in the tens of thousands of special locations. On the platform, which remains the largest crypto-app in Southeast Asia, currently it has 5 million active users.
In may, the startup ConsenSys also entered into a strategic partnership with one of the largest commercial banks in the Philippines, Union Bank, announced the implementation of a pilot test retail payment system at the national level with the participation of five rural banks.
“This blockchain platform they do not have to pay anything. They only need to download the app i2i on their computers, tablets or smartphones, and they can make transfers from Bank to Bank, connected to the blockchain”, — said the representative of the Bank management Henry Aguda (Aguda Henry).
In General, to promote growth of the local market with individuals, businesses, and venture financiers cryptocurrency in the Philippines, a number of companies, including Consensys and several high profile South Korean conglomerates.
As for the announcement of a new application within the program “Gifts for the ocean”, this is not the first such initiative at the end of October it became known that the manufacturer of the popular means of Mr. Muscle will pay rewards in cryptocurrency tokens for garbage collection in Indonesia.
