News

Residents in Manila Paid ETH for Cleaning Polluted Beaches

Blockchain technology continues to shove out the need for intermediaries in unexpected ways beyond imaginations. In recent interesting developments, residents of Manila would now be rewarded with Ethereum (ETH) for a few hours spared cleaning the beach.
Making an announcement on Twitter on Monday, Joseph Lubin, CEO, and co-founder of ConsenSys revealed that one of the latest products from the blockchain firm would be deployed to reward residents of Manila, the Philippines in cleaning one of the most polluted beaches in the world. Brooklyn-based ConsenSys is widely regarded as the most successful and largest blockchain-based software development company. One of its latest decentralized applications (dApp), Bounty, would be using ConsenSys’ established subsidiary, ConsenSys Impact to reward citizens who have necessary proof for their service.

 Timely and Representative

The latest initiative developed by ConsenSys only serves to represent the wonderful things that proper deployment of blockchain technology could achieve; not to mention there might be no better place to start than the Philippines. With an admirable crypto-friendly track record, coupled with the government’s decision to legalize Bitcoin as an acceptable remittance in the country, the choice of the Philippines could only be more genius.
While the initiative is a brilliant way to bring digital currencies into day-to-day consciousness, it also solves an age long problem quite effortlessly—without the need for a central organization initiating any solution. This, of course, is the major concept behind Joseph Lubin’s vision: residents of the area can offer necessary and life-altering help, while receiving rewards for their efforts directly, personally, and instantly.
Indeed, the development could be incredibly life-saving, since it is no news how much pollution affects living organisms. The beach, notoriously known for tons of plastic pollution is responsible for the death of thousands of sea inhabitants in a year.  Statistics show that seabirds who die annually as a consequence of plastic pollution are more than a million, with more than a hundred thousand in-sea dwellers also falling victim of the same cause.
 

“Fish eat plastic, and we eat the fish,” the program from Bounties Network initiative read.

“Plastic causes $8 billion in damage to marine ecosystems each year. With Bounties for the Ocean, we are asking people everywhere to submit verifiable proof of their direct plastic cleanup contribution as a way of fostering widespread and long-term behavioral shift.”  The program instead encourages citizens of Manila to make an impact themselves rather than waiting on centralized agencies.
With Boracay—one of the choicest resorts for tourists in the Philippines—lately reopened after a closure due to heavy pollution, there could have been a never better choice of time.

Related posts
cryptocurrencyDOGEdogecoinDOGEUSDElon MuskNews

Be Careful! Elon Musk Warns As Dogecoin Soars On SNL Eve

In the warm-up to a special Saturday Night Live Edition featuring the self-acclaimed billionaire dogefather, Elon Musk, Dogecoin (DOGE) has recorded tremendous speculative success and is currently sprinting past the $0.6 mark in a bid to cross the $1 epic…
cryptocurrencyNewsRippleSECXRP NewsXRPUSDXRPUSDT

A Look At What’s In Store For XRP If Ripple Eventually Goes Public After SEC Case

Fired up by the soaring success of Coinbase, Ripple Labs Inc, the establishment behind the fifth most valuable cryptocurrency – XRP, has disclosed plans to issue an Initial Public Offering after it is done with its court case. The embattled altcoin…
BanksBinancebnbusdcryptocurrencyCryptocurrency NewsNews

Banks Refusing To Work With Crypto Will Pay A Hefty Price: Binance CEO CZ

The CEO of Binance has been very vocal about his stances on the cryptocurrency market. Yesterday, the CEO revealed he may have underestimated cryptocurrencies like DOGE, ETH, BTC, and BNB. He even emphasized DOGE’s impressive performance, despite holding zero Dogecoin….