Indian Cryptocurrency “Swachhcoin” Launched to boost Swachh Bharat Campaign
“Swachhcoin” is a decentralised waste management project which aims to create a global ecosystem to solve the problem of waste management by leveraging AI, Big Data, IoT and Blockchain altogether in sync with each other to develop a platform where individual users are rewarded for responsible waste disposal and existing waste management industries are equipped with state of the art technology enabling groundbreaking efficiency and operational capabilities.
India, 6th March 2018: For as long as one can recall, planet has been poised with the problem of too much wastes and lack of valuable resources. Various kinds of wastes are being produced and disposed off in an uncontrolled and unsustainable manner causing an irreparable damage to our environment. On the other hand, there is a huge global crisis of various valuable resources from electricity, biogas, rare earth metals to timber, paper etc. The important thing here is that, most of these valuable resources can be extracted from same wastes which are carelessly disposed off. Also, the waste processing industries are equipped with archaic technology which greatly limits their ability to process the wastes efficiently into valuable outputs.
“Swachhcoin” clearly has a disruptive vision of completely overhauling the waste management sector globally to overcome these issues through its sustainable, rewarding, profitable and technologically advanced ecosystem. They believe that waste is the greatest untapped resource present in abundance all around us and a lot can be done by the present and future generations to overturn the prevailing mindset of masses towards waste. “Swachhcoin” has brought together a number of advanced technologies that will work in sync with each other and will be offered to any existing waste management industry adopting the “Swachhcoin” platform. Some of the tools offered by “Swachhcoin” are: SWATA, SWATEL, SWIOT which stands for Swachh Big Data, Swachh Adaptive Intelligence, Swachh Internet of Things. There is also SWBIN and SWAPP, which stands for Swachh Bins and Swachh DApp. Individual users will be rewarded tokens for disposing off wastes in SWBIN thus encouraging proper waste disposal. The wastes collected from the SWBIN will be transferred to state-of-the-art processing facilities to extract useful products out of wastes which will be ultimately sold to bulk buyers in exchange for tokens.
“Swachhcoin” is backed by India based blockchain development company “Community Tech Labs” in line to boost various government schemes particularly Swachh Bharat Abhiyan (Clean India Mission), which one can say is the flagship campaign of the elected government.
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