Decentralized applications as a method of saving the environment
Who would have thought that among the various cases of using Ethereum cryptocurrency and its decentralized applications, the involvement of citizens in the purification of the beach is also listed. Residents of Manila, in the Philippines, will be rewarded with Ethereum for cleaning up the polluted coast in the capital of the country, reported on Twitter of Lubin.
The project was led by ConsenSys Corporation, the world’s largest software development company. According to its CEO, as well as one of the creators of the ether, Joseph Lubin, Bounties Network and ConsenSys Impact introduce a new method of work in which people receive financial compensation without intermediaries and for real work.
In his speech, the famous businessman also touched upon the problems of modern ecology: “Hundreds of thousands of birds and marine mammals die every year in the world because of pollution of water bodies. We don’t think it affects us, but in fact, fish eat plastic, and then people eat fish. This material causes an annual damage of eight billion dollars. With our Bounties for the Ocean project, we encourage people around the world to put their work into improving the environment.”
Why Philippines used decentralized application?
The Philippines is one of the best places to start a project of this kind. Firstly, sea tourism is the main way of earning the population, which today almost does not bring money because of the poor state of the country’s environment.
Secondly, the Philippines not the first month use bitcoins as a legal form of payment, after the country’s Central Bank has officially recognized cryptocurrencies as a full-fledged currency. Now the use of cryptocurrencies in the territory of the state every day only increases.
According to experts, such cooperation with such platforms as Coins.ph benefits in monetary terms not only the local population, but also the entire state. Today, in addition to cooperation with the Philippines, among the past cooperation platforms are also large commercial banks, money transfer offices and power grid operators. Currently, the platform has more than 5 million active users, making it the largest encryption tool in Southeast Asia.