Last week, A Binance Smart Chain Based Project Pangea Ocean Cleanup ($POC) made significant new advancements with their pollution combating solution through placing the first of their 100% token funded & produced river barriers, with support of the local government. These are the first of thousands to be placed around the world with the potential to stop millions of tonnes of pollution entering the ocean every year. They are not only backed by a growing community due to it’s token $POC, they are developing a revolutionary circular model powered by the blockchain.
The PANGEA Movement—founded in 2019 by Marcos Bulacio, WIlliam DiRicco and Juan Duque who loved exploring the world but hated seeing garbage everywhere they went—has always been driven by a mission: to clean up our planet. Since they launched, they’ve managed to fund 40 cleanups in ten different countries with over 1,000 volunteers, by creating and selling a sustainably produced, eco-friendly product which collectively raised over $450,000 USD.
They took their movement even bigger with the launch of the Pangea Ocean Cleanup token ($POC). Instead of simply cleaning up trash that washes up on the beach, with the backing of their global community of more than 20,000 holders, they are preventing trash from ever getting to the ocean in the first place. The token is available via the Pancake Swap platform and through Probit Global Exchange, more information can be found on the Pangea Ocean Cleanup Website.
A Member Of Climate Chain Coalition, which is supported by The World Bank and the United Nations Framework Convention on Climate Change (UNFCCC)
Pangea Ocean Cleanup announced they’ve joined the membership of the Climate Chain Coalition an alliance supported by The World Bank and the United Nations Framework Convention on Climate Change (UNFCCC) that was established to advance blockchain related digital solutions, mobilize climate finance and enhance MRV (measurement, reporting and verification) in order to scale climate actions for mitigation and adaptation. They sit alongside powerful crypto members such as VeChain and Power Ledger as well as major institutions such as Price Waterhouse Coopers, Energy Lab and Yale’s Openlab.
Why Are River Barriers The Solution To Ocean Pollution?
Research has shown that 80% of the trash that enters our oceans comes from only 1,000 rivers, most of which are located in Southeast Asia, and the trash that enters these big rivers comes from approximately 4,000 smaller tributaries. Pangea Ocean Cleanup has an effective, cost efficient solution to stop the trash at the source with the potential for major impact on a global scale.
The barriers were originally designed and made by Plastic Fischer who have already placed them in eight rivers. They have been improved and implemented in over 70 rivers in Bali by another organisation called Sungai Watch. Pangea Ocean Cleanup is now scaling the river barrier solution globally and seeking to maximize their impact by focusing exclusively on the 1,000 most polluted rivers of the world.
By placing low-cost, easy-to-manufacture floating river barriers in the tributaries that feed the most polluting rivers, Pangea Ocean Cleanup can stop approximately 80% of all the trash that flows through the river; therefore, they could potentially reduce ocean plastic waste by up to 65% (6.5M tonnes per year).
The barriers are produced by local workforces using local materials in an effort to further support local communities. No expensive high-tech or electricity is needed to operate them, and starting with their first barriers in Padang, Indonesia they are working with the local government to collect trash from the barriers every day.
The Pangea Ocean Cleanup Circular Economy Model
After collection, trash will be sorted by category, audited, and tracked and they are working on strategizing how they can use blockchain technology which is transparent and trustable. This will also eventually allow $POC token holders to track the amount of trash collected per barrier with an interactive map of all the barriers funded and placed by PANGEA as well as provide transparent reporting.
Pangea Ocean Cleanup’s circular economic model is designed to sustain the scalability of barriers, turning trash barriers into revenue-generating devices which will fund the operations and the implementation of even more barriers. These range from selling raw material to the plastic industry, turning PET plastics into polyester yarn to supply the fashion industry and PANGEA expands their own line of sustainable products.
Another possible revenue stream would be to offer plastic offsets and/or carbon offset credits to big companies, by tapping into their Corporate Social Responsibility (CSR budgets) to neutralize their plastic emissions.
What is The Long Term Vision Of Pangea Ocean Cleanup?
The aim of Pangea Ocean Cleanup is not only to stop river trash but also to drive long-term change by eliminating the source of the problem: single-use non-biodegradable plastic. To this end, they will also gather data on the brands and materials that most pollute the waterways, promote sustainable alternatives for these companies, and educate local communities to reduce the amount which ends up in the rivers in the first place.
Additionally, Pangea Ocean Cleanup aims to create a parallel, socially conscious, decentralized model by also training individuals from developing countries to build and operate barriers through an open-source online program in the future. A three-sided DEFI platform using $POC as the utility medium would connect barrier investors, operators, and trash banks that would buy the trash. The DEFI platform would allow barrier funders to stake part of the POC injected for the barriers as an investment that could be traded in coin exchanges, disrupting the traditional charity model by offering a transparent charitable investment.
Pangea Ocean Cleanup is also exploring future partnerships with other organizations which utilize advanced technologies that have the advantage of not blocking boat traffic so they could be a great solution for bigger rivers which wouldn’t be suitable for the actual floating barrier systems.
It’s a kind of trash alchemy:turning ocean trash into a commodity and providing a source of income for people in need while solving a global crisis that kills millions of ocean animals and impacts all life on earth. The Pangea Ocean Cleanup aims not only to turn off the tap and bail out the sink, but also to fill sustainably-made recycled-plastic cups with all the excess water, and hand it out to a roomful of thirsty guests who are learning the art of plumbing.
The token is available currently via the Pancake Swap platform and through Probit Global Exchange, more information can be found on the Pangea Ocean Cleanup Website.
Source link: https://coincodex.com/article/11859/pangea-ocean-cleanup-poc-advances-with-ocean-pollution-solution-powered-by-blockchain/