Vechain (VET) is helping to clean up the ocean by allowing users to track the metrics of the plastic clean-up on their blockchain. The company that is participating in the cleanup is called Parley for the Oceans. The project that is being used is called Verified Carbon Standard (VCS). The 305 metric tonnes of plastic is being used by the company to make recycled products. The company is using the plastic to make a shoe, and it is working with Adidas to make a shoe with the plastic.
VeChain (VET) network, a leading blockchain platform that is suited to supply chain management has completed a project that verifies the results of a 305 metric tonne plastic clean-up in the ocean. The project was completed in partnership with the Plastic Bank (a charity that aims to eradicate the plastic pollution problem in the world) and the VeChain network managed to verify the results using its blockchain technology.
ReSea Project, a Danish company that offers a community-based solution to remove plastic from oceans and rivers in Indonesia, shared the status of its cleanup efforts on Linkedin yesterday, saying it has removed 305 tons of plastic waste from the ocean and verified the results with VeChain. Our collection data from January to April 2021 has been verified by DNV and we are pleased to announce that we have removed 305,239.62 kg (672,938.17 lbs) of plastic waste from oceans and rivers.
Highest level of traceability
VeChain’s ToolChain platform tracked the cleanup process by tracking plastic waste from the collection point, sorting it and delivering it to the local landfill. The platform, which is based on blockchain technology, provides real-time data protection and records all stages of the certification process. This enables DNV to digitally check all parties involved at any time and to inform all parties concerned of any irregularities. The ReSea project is only the second in the world to be certified to the DNV chain of custody standard for plastics extracted from the hydrosphere. The requirements of the standard ensure the traceability and integrity of recovered plastics in all waters. DNV is a quality assurance and risk management company that has published the first ever traceability standard to verify the authenticity and origin of plastics recovered from oceans and rivers.
This certification helps strengthen clean environment efforts in Indonesia, the world’s second largest producer of marine plastic. As an independent third party, DNV also ensures that clean-up teams are fairly compensated when local community members in Indonesia remove plastic waste from rivers and oceans. Through a community-based solution, ReSea improves living conditions and raises awareness in areas where waste management is poor. The high level of transparency in waste collection gives companies the assurance that their participation has an environmental and social impact. According to the Center for Biological Diversity, the world is currently witnessing a global tragedy for our oceans and marine life. The accumulation of plastic in floating debris already covers about 40% of the surface of the world’s oceans and, at the current rate, plastic is expected to outnumber all fish in the sea by 2050. In addition to reducing plastic consumption and improving waste management, large-scale cleanup operations are essential to mitigating the plastic pollution crisis. And it seems that blockchain can help.
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