TradeChain for Waste Management is based on the weight of waste, users have to pay for the use of services according to the amount of waste they produce
Payments are made using a customized cryptocurrency regulated by Smart Contracts and all TradeChain can be financed by a DAO through a fully automated and highly secure process.
A DAO, like any other organization in the real world, has members with the capacity to raise funds and propose different types of proposals. Only proposals can be executed if they are approved by a majority. The proposals can be oriented to anything from the transfer of funds to the execution of other Smart Contracts.
In short, a DAO is a collection of Smart Contracts capable of representing an organization in BlockChain, automating the decision making process and the governance of the organization.
TradeChain considers DAOs as a "waste management organization". A proposal for the transfer of funds to a SGB factory account for the purchase of SGB is passed using the consensus of the members
TradeChain is also based on IoT. BlockChain and Internet of Things (IoT), are two of the most popular and powerful emerging technologies currently and the most suitable to solve the problem arising from Waste Management.
The processes of collection of solid waste, from the point of production to the point of treatment or disposal are known under the name of Waste Management.
The global waste management market was valued at $285.0 billion in 2016, and is expected to reach $435.0 billion by 2023, registering a CAGR of 6.2% from 2017 to 2023 Global Solid Waste Management market will increase to $1296.04 billion .
Increased globalization and a surge in population and Gross Domestic Product (GDP), among others have led to an increase in the overall waste volume globally. According to World Bank in 2012, urban population produced about 1.3 billion tonnes of Municipal Solid Waste (MSW) which is expected to grow to 2.2 billion tonnes in 2025. The costs for managing solid waste is expected to increase drastically in lower middle (four times) income countries such as India and Brazil among others and even higher in low income countries (five times) such as Kenya and Ghana among others.
Therefore, the need for solid waste management has increased largely at a global scale. A market study titled, Global Solid Waste Management Market - Analysis & Forecast (2015-2022) has acknowledged the implementation of solid waste management services in the sustainability industry
In developing countries, most of the budget goes to waste collection and only a small amount goes to disposal. On the contrary, the highest cost in the waste management system in developed countries is destined to waste disposal. The most used waste management systems in developed countries process different types of waste from different collectors. These wastes are transported through containers to recycling plants (also called landfills).
A European Union report indicates that during 2014, 2,503 million tons of waste produced in households and other economic activities were produced:
47% of these wastes were incinerated,
TradeChain Industry Solution
TradeChain is the most forward thinking “Circular Economy” Supporting Solution for Distributed Supply Chain Finance (DSCF) and Distributed Trade Services (DTS). It enable the automation of global trade transactions, manages large numbers of business partners and documents, and its ensure that businesses always comply with constantly changing international legal regulations.
TradeChain runs on an enterprise-grade Blockchain Technology to support global trade activities with the tools needed to participate in the most highly-available and highly-scalable network where logistical and supply chain services, financial and insurance services, government agencies and customs authorities can inter-operate and collaborate in the most secure way.
TradeChain alleviates costly delays and financial risks involved with imports and exports, thus enabling businesses of all sizes to react quickly to business opportunities.
TradeChain will support the development of the trade market through supply chain management facilities:
(a) Inclusive, accessible & affordable innovation
(b) Delivering positive outcomes regardless of legal figure chosen
(c) Profitable, sustainable and resilient business models
Take advantages to BlockChain