INTRODUCTION:

Plastic Finance focuses on plastic recycling by increasing the productivity of waste pickers. We are not disrupting the value chain of waste; instead, we add value to the value chain to benefit all parties. Moreover, we support the tree replanting program to decarbonize CO2 pollution, further cementing our commitment to the circular economy.
Plastic Finance aims to enable the waste communities. We focus on the activities that will increase their self — esteem, which improves their productivity and well — being.

PROBLEM

There are two issues that we want to address. The first is about an inefficient recycling system that hinders a society from living in a circular economy. The second is about the essential yet impoverished waste communities.
An inefficient recycling system hinders a circular economy Waste recycling is a form of wealth creation. It can spur grassroots investment by poor people, create jobs, reduce poverty, save municipalities money, improve industrial competitiveness, conserve natural resources, and protect the environment. However, looking at how 91% of plastic waste was left un-recycled, our society still perceives recycling activities as negligible. This behavior is the legacy of the ‘take-make-waste’ framework of economic development.

Important yet impoverished waste communities Waste communities living in the dumpsites are suffering. Dumpsites, especially in developing countries, become an irony. Because of the improper municipal recycling system, dumpsites rely on informal labor as waste pickers, waste sorter, transporter, and all roles in the recycling process. Thus, dumpsites become a source of living for millions of people. However, situations in dumpsites are horrible. Working conditions are dangerous due to sharp and toxic waste and landslides. Living conditions are terrible because of stench, pests, and polluted groundwater. Socially, waste communities are shunned by others due to their inferiority. As informal workers, they are largely denied access to health insurance and pension.

SOLUTIONS:

Blockchain technology and stable coins can play significant roles in streamlining the funding of the plastics recycling industry, empowering the waste communities, and acting as an ESG investment model. We propose a three-pillar of # solution:

Encourage waste price transparency via tokenization
Economic and social empowerment for the waste community via DeFi
Ensuring the sustainability of this movement via security token and committing this project as an ESG investment model.

Combining IoT and Blockchain Using ERP software combined with modern surveillance in each step of transaction steps in MRF facilities from collecting plastic garbage into regrinds sales will minimise slippage in revenues and improve trust among Stake Holders.
A critical process in our model is creating a Cooperative, in which members are waste pickers. Cooperative will strengthen the bargaining power of waste pickers to get better trading terms for their waste. Cooperative can also protect their member from loan sharks by providing funding access. From a social perspective, Cooperative helps to empower the social standing of waste pickers via education and legal protection. Finally, Cooperatives have more power to accelerate the adoption of blockchain technology for waste recycling.

The creation of MRF requires a significant capital investment. This can be done with the issuance of a security token, PLAS, by Plastic Finance. In return, the MRF will share 60% of its annual profits with Plastic Finance, which will distribute the net proceeds to PLAS holders as BUSD ‘dividends’. Having a legal form in the local law, the MRF can act as a catalyst for ESG initiatives that benefit the local population, for example, implementing green initiatives.

MISSION:

We promote the circular economy by improving the recycling system. Plastic Finance focuses on plastic recycling by increasing the productivity of waste pickers. We are not disrupting the value chain of waste; instead,
we add value to the value chain to benefit all parties. Moreover, we support the tree replanting program to decarbonize CO2 pollution, further cementing our commitment to the circular economy. We empower waste communities so that they have a higher social standing in society. Plastic Finance aims to enable the waste communities.
We focus on the activities that will increase their self-esteem, which improves their productivity and well-being. We democratize access to ESG investing. Our effort to enrich the recycling system and empower waste communities can be sustained and widened with the help of investment communities. With DApps and DeFi, we democratize access for everyone to take part in a global mission to recycle and empower.

TOKENOMICS:

ROADMAP

TEAM

The official resources:

Website: https://plastic.finance/
Whitepaper: https://plastic.finance/whitepaper.pdf
Twitter: https://twitter.com/plastic_finance
Telegram: https://t.me/plasticfinance
Linkedin: https://www.linkedin.com/company/plas...
Facebook: https://www.facebook.com/plastic.fina...
Instagram: https://www.instagram.com/official_pl...
Tiktok: https://www.tiktok.com/@plastic.finance?
Youtube: https://www.youtube.com/channel/UCxZv...
Medium: https://medium.com/@Plastic_Finance

Author:

Bitcointalk username: minstan
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2602172
BSC wallet: 0x72F8ba82B094025CF179995cEf5eC2CF6537F59e