Please describe your proposed solution
About Plastiks:
<https://www.youtube.com/watch?v=jc1oWXSGUgU>Plastic waste in the environment is a 350 million ton per year problem and downstream collection systems and recycling infrastructure needs to be improved and, in many countries, built out.
Plastiks.io provides is a plastic waste recovery tracking platform that includes (currently the solution is built & working on the CELO blockchain):
· Verifies the recovery and recycling of plastic from the environment.
· Traces plastic waste from recovery to recycling.
· Converts the waste recovery data into PLASTIC CREDITs that ensure transparency.
· Offers companies and individuals the opportunity to sponsor plastic waste recovery.
Plastiks certifies Plastic Recovery Entities in 20 locations around the world, enabling them to issue PLASTIC CREDITs on the platform.
These entities recover and/or prevent plastic from reaching the environment. Once the plastic is recovered, they sell it to recyclers for its reintroduction in the industry or they use different solutions to give it a second life.
Mission and Objectives
Plastiks’ mission is to include plastic recovery in every economic transaction taking place during everyday life and business.
The value for companies:
Plastiks’ objectives for companies is to provide them with the ability to:
· Take immediate and verified actions against plastic pollution to meet their ESG and CSR goals.
· Incorporate environmental stewardship into their offering to meet customer needs.
· Share the positive impact with their customers and increase their engagement.
· Empower their customers to be part of the solution to tackle plastic pollution.
· As plastic regulation increase, help companies be compliance and pay less taxes
The value for Plastic Recovery Entities
Plastiks’ objectives for Recovery Entities are:
· To grow their positive environmental impact by increasing their activity.
· To implement social goals, such as employing more people with low job opportunities, bring social dignity and inclusion to the community, and provide education about recycling and circularity.
The Plastic Credit currently on CELO
PLASTIC CREDITs are single count guarantees for recovering or preventing leakage and recycling a certain quantity of plastic from the environment.
They are issued by certified Plastic Recovery Entities and approved by Plastiks.
The proceeds from the sale of PLASTIC CREDITs are used to carry out a roadmap, providing measurable social and environmental impact on additional plastic recovery and recycling.
A roadmap can consist of acquiring new machinery or equipment, hiring more waste pickers, increasing its salaries, opening new geographical areas, deploying medical camps to provide medical care for the waste pickers, and any other approved activity that provides a measurable impact on the recovery and recycling of additional plastic waste.
In practice, the core of the PLASTIC CREDIT on the Plastiks platform is the invoice that has been generated when the Plastic Recovery Entity has sold the recovered plastic waste to the recycler. The Proof of Payment, the Waybill and the Receipt from the recycler serve to verify the authenticity of the plastic recovery and recycling at various stages and locations.
These documents are verified, and relevant information is uploaded on the blockchain.
Technically, the PLASTIC CREDIT on the Plastiks platform is a Non-Fungible Token.
A Non-Fungible Token (NFT) is a unique digital identifier that is recorded on the blockchain and is used to certify ownership and authenticity. It cannot be copied, substituted, or subdivided, ensuring that PLASTIC CREDITs cannot be traded once they have been bought, as they represent an immutable amount of plastic recovered from the environment and put back into the industry.
The positive environmental impact of the current solution is measured in terms of plastic waste recovered and all of the following key performance indicators:
· Increase in employment for waste pickers
· Improvement in work conditions for waste pickers
· Improvement in living conditions for families of waste pickers
· Increase in biodiversity resulting from the recovery of plastic waste from the environment.
About NMKR:
NMKR is a leading NFT infrastructure provider on the Cardano blockchain, offering a suite of tools that enable brands, companies, and enterprises to create and launch custom NFT projects with ease.
With a focus on accessibility, NMKR provides development APIs and No-Code building blocks that can be combined in a modular way to integrate NFT Minting and NFT Marketplace Trading functionalities on websites quickly and easily.
As the largest NFT infrastructure provider on the Cardano blockchain, NMKR has already minted over 2 Million NFTs and collaborated with high-profile celebrities and entities. By using NMKR , users can create unique NFT projects tailored to their specific needs, tapping into the growing market for digital assets.
NMKR is committed to driving the adoption of digital assets and making NFT creation and trading accessible to everyone. NMKR´s platform's modular approach and user-friendly tools allow users to launch their NFT projects quickly and easily, without the need for advanced technical skills.
The focus of this proposal:
Specifically, Plastiks aims to take its existing platform built on CELO and build on the Cardano Blockchain its Plastiks methodology guidance and procedures for onboarding waste recovery entities across the world. To do this, Plastiks needs to take its modules and tools and develop them on CARDANO so that they can be peer reviewed to ensure that they continue to reflect best practices, scientific consensus, and evolving market and sector conditions.
The CARDANO based Plastiks platform needs to provide a transparent and traceable review process of the onboarding to allow Plastiks to determine the compliance of the recovery entities across the world so that they can be enabled to issue Plastic credits.
The following core steps are to be carried out on CARDANO:
· A third-party consultant assesses the compliance of the Plastiks methodology so that the plastic recovery entity can pass the verification process.
· Plastiks methodology documentation which includes roadmap concept note, draft impact metrics and draft project description as well as draft budgetary requirements.
· Establishing recovery entities working groups including third-party experts to provide technical inputs whilst being accredited to do so.
Verification steps to be complied with on the blockchain so that the review process can be transparently peer reviewed and put on hold under a certain set of circumstances:
1) the quality of the documentation does not meet reasonable expectations.
2) the process does not reasonably progress towards resolution in terms of peer review
3) major issues or risks are identified that cannot be addressed in a reasonable amount of time.
Verification approval steps to be complied with on the blockchain so that the verification approval process is transparent.
At any point during the verification (onboarding process), Plastiks may reject the onboarding and can flag:
1) a sanction
2) negative outcome (e.g., non-existing social and environmental impacts);
Plastiks aims to ensure full interoperability with its existing platform that enables the creation of Plastic Credits and their buying and selling.
Plastiks is already collaborating with Barcelona football club team and in discussions with other sport teams in Europe and in the US. For future sports teams, all PLASTIC CREDITs on the Plastiks platform would be Non-Fungible Token on CARDANO.
Since a Non-Fungible Token (NFT) is a unique digital identifier that is recorded on the blockchain and is used to certify ownership and authenticity, it is a receipt of plastic recovery that cannot be copied, substituted, or subdivided.