 | Plastic Bank |
| Categories | Waste |
|---|---|
| Market status | On the market |
| Types | Token, Protocol, Blockchain • Token (plastic currency), Protocol (LinuxOne), Blockchain (Hyperledger Fabric) |
| Status | Hyperledger Fabric (Permissioned distributed ledger) |
| Action (Smart Contract)? | Yes |
| Application | Creates secure asset-backed rewards (plastic currency) to underpin the exchange of plastic waste for goods; plastic brought to established recycling centers can be exchanged for digital tokens that enable "recycling entrepreneurs" from amongst the world's poorest communities to clean up plastic waste in return for goods |
| Traits (blockchain) | Fabric is the first distributed ledger platform by IBM to support smart contracts authored in general-purpose programming languages |
| Date/Timeline | Set up in 2013; Operations in Haiti launched in 2015, following pilots in Peru and Colombia |
| Source URL #1 | www.plasticbank.org |
| Source URL #2 | www.ibm.com |
| Links |