Plastic Bank

CategoriesWaste
Market statusOn the market
TypesToken, Protocol, Blockchain • Token (plastic currency), Protocol (LinuxOne), Blockchain (Hyperledger Fabric)
Action (Smart Contract)?Yes
ApplicationCreates 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/TimelineSet up in 2013; Operations in Haiti launched in 2015, following pilots in Peru and Colombia
Source URL #1www.plasticbank.org
Source URL #2www.ibm.com • Verified 200 OK