Amongst the various use cases of Ethereum blockchain, who would have thought the decentralized application (dApp) could be utilized to lure citizens to clean beaches. Residents of Manila, the Philippines, will be rewarded Ethereum (ETH) for cleaning up a heavily polluted beach in the capital city of the nation.
Dubbed as “Bounties for the Ocean,” ConsenSys the largest blockchain software development firm in the world and Bounties Network, a dApp on Ethereum, have collaborated for the venture. Joseph Lubin, an Ethereum co-creator and the CEO of ConsenSys said in a Tweet:
“In Manila, participants will be paid in ETH for spending a few hours cleaning up one of the most heavily polluted beaches in the world. Bounties Network and ConsenSys Impact are proving a new model where people fund causes directly without intermediaries.”
In Manila, participants will be paid in ETH for spending a few hours cleaning up one of the most heavily polluted beaches in the world. @ethBounties & @ConsenSysImpact are proving a new model where people fund causes directly without intermediaries.https://t.co/Q1hs7Cp0pA
— Joseph Lubin (@ethereumJoseph) November 26, 2018
The ConsenSys Impact, a subsidiary of the New York-based ConsenSys introduced a non-profit initiative called “Bounties for the Oceans: Philippines Pilot – Sustained, Verifiable Plastic Cleanups” to encourage adoption of the blockchain technology in the country. The dApp of Bounties Network, Bounty serves as a perfect accompaniment to this plan as it allows the platform users to create bounties and reward participants with ETH.
Using Bounty will ensure that the participants are compensated transparently using the public ledger of a blockchain network. The program reads:
“Plastic pollution costs the lives of 1 million seabirds and 100,000 marine mammals per year. Fish eat plastic, and we eat the fish. 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. Do not depend on centralized organizations, go out there and do it yourselves.”
The Philippines pose as one the best places to start off the project as re-opened Boracay, a popular tourist destination in the country. After it suffered from heavy pollution the beach with acclaimed diving spots, and distinctive white sugary and powdery sand was closed down.
In addition, the country has largely adopted cryptocurrencies like Bitcoin as a legitimate form of payment and the central bank officially recognized Bitcoin as a remittance method. Following the acceptance, the use of other major cryptocurrencies like Ethereum has also observed a rapid increase.
Local platforms like Coins.ph provide significant liquidity to local users. It has collaborated with major commercial banks, remittance outlets, credit card companies, electric grid operators, and convenience stores, Coins.ph to enable users to deposit and withdraw digital assets through tens of thousands of physical locations. The platform has now over 5 million active users, making it the biggest cryptocurrency application in Southeast Asia.
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