Tag Archives: plastic pollution

The Tokenization Of GreenFire

The Tokenization Of GreenFire

The Token Economics Of The Landfill A “Rubbish-Based Economy”

GreenFire Engineered Reclamation


The Token Economy

GreenFire is an organization designed to remove plastic waste from the world’s oceans, beaches and waterways while empowering people living in poverty to raise their standard of living.

GreenFire wants to preserve plastic waste through a specially developed deposit system as well as give people an incentive to collect and sort. In order to make the system attractive, more money is returned than was previously paid in deposit. this could be achieved from the value a sorted plastic waste possesses for further recycling process. 

A strong focus will be on educating and empowering local people to both reveal value in themselves and to see the value in turning recyclable plastics into necessities and entrepreneurial opportunities. Additional efforts will go towards community collection projects that raise the overall standard of living in our host communities.

The group's vision is simple: By using cryptocurrency payments to reward people for recycling plastic waste, it hopes to provide a better incentive system, while also improving the quality of life for people who participate in its recycling networks.

The GreenFire use of Tokens is a little different to straight 'coins' given that they are more closely connected to one particular platform's ecosystem, and in a way, also act as shares in that platform. This is the basics of the Landfill Economy.

We believe in projects creating token-powered ecosystems. So, not just payment tokens or tokens that people can pump and dump, but creating an ecosystem, where people can actually use the tokens.

Alternatively, these tokens can be traded on crypto exchanges for other cryptocurrencies, or for fiat money. This idea may not be entirely unfamiliar to those who play online or video games, given that these often incorporate some form of 'in-game' currency or token that can sometimes be purchased for real-world currency. The difference is that these 'in-game' tokens cannot be traded back into real-world currency at an exchange.

Secondly, let's take the idea that these tokens can act as shares in the particular platform. This is due to the fact that most cryptocurrencies are modelled on gold, as every currency in the world used to be until the introduction of our current, 'fiat' monetary system. S

In addition, on decentralised, blockchain-based platforms – GreenFire, tokens also give you 'voting power' as part of a member of a community.

In the absence of a centralized regulatory body, these ecosystems are often governed instead by the communities who create them. For example, in the Landfill Economy members of the community can put themselves forward to a pool of arbitrators who will decide on contentious issues, and for The Landfill Economy, the number of tokens held translates directly into the amount of voting power wielded on issues.

In this case, tokens are not creating new systems, but simply offering a way to improve the current system.

Again, in these systems, trust would primarily come from smart contracts baked into the system, rather than lawyers.

The Token will quickly convert (with a transaction time of four seconds) fiat money into a cryptocurrency, to move it through the system before converting back into whatever the required currency is at the end.

Plastic Bank – Tokens for Waste

This is achieved through “Plastic Banks” established strategically in impoverished areas with an existing abundance of plastic waste. The Plastic Bank is making plastic waste a currency in addition to offering people both education and the opportunity to trade plastics for access to 3D printing services & other life improving opportunities.

GreenFire Plastic Bank is a social enterprise that creates environmental impact in areas with high levels of poverty and plastic pollution by turning plastic waste into a cryptocurrency by enabling the exchange of plastic for blockchain secure digital tokens they reveal the value of plastic this empowers recycling ecosystems and stops the flow of plastic into the ocean by creating a market that connects those who use plastic waste for recycling and those who have time to collect.

A cryptocurrency-based recycling rewards are important not just because they provide financial incentives for recycling that can be more valuable than the bottle deposits available in developed countries, but also because they enable rewards payments for people in developing countries who lack access to banks, and therefore cannot be paid in other ways for recycling. Given that much of the world's trash ends up in developing nations, cryptocurrency recycling rewards promise to be particularly innovative for increasing recycling rates worldwide – and, by extension, reducing overall waste and poverty.

That is exactly what makes the GreenFire Plastic Bank deposit system so attractive. The ‘GreenFire’ project wants to address this issue and obtain plastic waste through a specially developed deposit system. In addition, the project should make it possible to give the population an incentive to collect and sort.

The developing system is based on the fully suitable properties of , a distributed ledger technology. is a young cryptocurrency that enables a fast, secure and free transfer of data and finances.

Micropayments could be carried out together with data exchange. Furthermore, this system can also be used away from the facilities otherwise required for deposit systems, e.g. shops. If one thinks on a global scale, then this characteristic can be enormously important. That is exactly what makes the deposit system so attractive.

The GreenFire project wants to address this issue and obtain pure plastic waste through a specially developed deposit system. In addition, the project should make it possible to give the population an incentive to collect and sort.

People who want to join are required to register as collectors, producers, or generators of waste.

The platform connects producers (end-users – GreenFire) to collectors, who are responsible for sorting items according to environmental regulations. After that, the collectors are connected with generators, which are organisations that process the waste.

Each producer must upload all the details about the items thrown away on the network. Based on this information, users get rewards in the form of cryptocurrency. Collectors and generators receive digital coins as well based on the volume of waste they gather and process.

According to local authorities, citizens can use Coins in local shops, as well as for paying taxes and municipal fees.

GreenFire wants to preserve pure plastic waste through a specially developed deposit system  as well as give people an incentive to collect and sort. In order to make the system attractive, more money is returned than was previously paid in deposit. this could be achieved from the value a sorted plastic waste possesses for further recycling process

The deposit system based on offers the following advantages:

  • The population gets a financial incentive for collecting, sorting and distributing plastic waste. More is paid back than has been paid as a deposit.

  • The application is simple. It is based on , a modern distributed ledger technology and could be used worldwide. 

  • The collector gets the deposit either on his Wallet or thanks to a cooperation also in his local currency, e.g. Euro paid out to his account.

  • The mechanical sorting of plastic waste is still complex today and also requires a lot of energy. Furthermore, a recycled plastic requires far less energy than a completely new production process. The deposit system thus helps to reduce CO2 emissions and achieve climate targets.

  • This system makes it easier for the industry to achieve its recycling targets because it eliminates the upstream step of expensive mechanical sorting.

Mostly aimed at collectors, it not only tracks how much they’ve collected, but also provides a digital wallet through which they  can park their earnings. That’s important for people who don’t qualify for bank accounts and for whom it’s dangerous to walk around with a lot of money. Also stores that sell stuff for collectors accept payments from those accounts. Also, collectors can use plastic credits to buy a phone and to power their devices through solar power stations at stores.

The takeaway

Cryptocurrency and recycling could make extremely good bedfellows. Crypto incentives have the potential to motivate people to be more careful and protect the environment. At the same time, authorities that rely on the blockchain and governments that back digital coins send an influential pro-cryptocurrency message.

These initiatives could become examples of best practices for multiple other applications of cryptocurrency in various industries – with the plus that they have the potential to improve the quality of life by protecting the environment.

We believe there will be many use cases for tokens but what we're witnessing is a dramatic shift in interest in the market towards decentralized systems. We believe at the heart of this movement is going to be Tokenization. They have the potential to distribute value in a way that is more fair, secure, and even.




A full understanding of the magnitude and scope of this plastic pollution starts with clear definitions as to what and why it is happening. Thus, we will define the notions of marine debris, gyres, and oceanic garbage patches, or giant floating marine debris field, as first discovered in the North Pacific by Captain Charles Moore’s, since referred to as The Great Pacific Garbage Patch (GGP).


Krichim, Boat in plastic, April 25, 2009. Photo: Dimitar Dilkoff

Marine Debris

The term marine debris has been used for at least 25 years to refer to man-made materials that have been discarded or lost into the ocean. The earliest references come from the 1984 Workshop on the Impacts and Fate of Marine Debris (Shomura and Yoshida 1985). This workshop came out of a 1982 request from the Marine Mammal Commission to the National Marine Fisheries Service to examine the impacts of marine debris. At that time, the focus of research was primarily on derelict fishing gear. Keep in mind that this was prior to the implementation of both the high-seas driftnet ban and MARPOL Annex V.

Other terms used prior to 1984 include the following: man-made debris (Feder et all 1978), synthetic debris (Balazs 1979), plastic litter (Merrell 1980), floating plastic debris (Morris 1980), man-made objects (Shaughnessy 1980, Venrick et al 1973), and debris (Scordino and Fisher 1983).

It would appear that the term debris was being used in these articles by academics as something discarded: litter.


Mouth of the Los Angeles River, Long Beach, California. Photo source: ©© Bill McDonald, Algalita Foundation / Heal The Bay

The term marine debris encompasses more than plastic, including metals (derelict vessels, dumped vehicles, beverage containers), glass (light bulbs, beverage containers, older fishing floats), and other materials (rubber, textiles, lumber). Plastic certainly makes up the majority of floating litter, but in some areas the debris on the ocean floor may contain sizeable amounts of those other denser types.

Scientists have similarly and more simply defined marine debris as, any manufactured or processed solid waste material that enters the ocean environment from any source (Coe & Rogers, 1997). Marine debris is definitely characterized as human-created waste that has deliberately or accidentally become afloat. They tend to accumulate at the centre of gyres and on coastlines, frequently washing aground where it is known as beach litter.

The US Congress passed a bill in 2006, The Marine Debris Research, Prevention, and Reduction Act, to create a program to address the marine debris pollution. One of the requirements in the bill was for NOAA (National Oceanic and Atmospheric Administration) and the U.S. Coast Guard, to promulgate a definition of marine debris for the purposes of the Act. Thus, USCG and NOAA drafted and published a definition of marine debris in September 2009. The definition is this: “Any persistent solid material that is manufactured or processed and directly or indirectly, intentionally or unintentionally, disposed of or abandoned into the marine environment or the Great Lakes.” Marine debris can come in many forms, from a plastic soda bottle to a derelict vessel. Types and components of marine debris include plastics, glass, metal, Styrofoam, rubber, derelict fishing gear, and derelict vessels.

UNEP has defined marine debris, or marine litter, as “any persistent, manufactured, processed, or solid material discarded, disposed of, or abandoned in the marine and coastal environment.” This is an even more global and comprehensive definition, as it does include the marine and correlated coastal impact of the aforementioned litter.


Plastic pollution covering the shore, Morocco.Photo: © SAF — Coastal Care

As we mentioned supra, land-based sources of debris account for up to 80 percent of the world’s marine pollution. Such debris is unquestionably one of the world’s most pervasive pollution problems affecting our beaches, coasts, oceans, seafloors, inland waterways and lands. It affects the economies and inhabitants of coastal and waterside communities worldwide. The effect of coastal littering is obviously compounded by vectors, such as rivers and storm drains, discharging litter from inland urban areas. Obviously, ocean current patterns, climate and tides, and proximity to urban centers, industrial and recreational areas, shipping lanes, and commercial fishing grounds influence the types and amount of debris that is found in the open ocean or collected along beaches, coasts and waterways, above and below the water’s edge.

The other 20 percent of this debris is from dumping activities on the water, including vessels (from small power and sailboats to large transport ships carrying people and goods), offshore drilling rigs and platforms, and fishing piers.

Over the past 60 years, organic materials, once the most common form of debris, have yielded to synthetic elements as the most abundant material in solid waste. Marine litter is now 60 to 80 percent plastic, reaching 95 percent in some areas, according to a report by the Algalita Marine Research Foundation (created by Charles Moore), published in October 2008 in Environmental Research.

Citarum River, flowing to the Sea, is the main source of houselhold water for Jakarta.(14million people). Photo source: photobucket

Around and around, worldwide, at distant seas, or merely bobbing among the waves before washing up ultimately on shore, a daily and ever too common plastic spectacle is unveiled: bottles, plastic bags, fishnets, clothing, lighters, tires, polystyrene, containers, plastics shoes, just a myriad of man-made items, all sharing a common origin: us.

Yearly data adds to the despondent reality of how extensively the plastic tide is increasingly affecting world’s beaches and coasts. Launched in 1986 by the Ocean Conservancy, the Center for Marine Conservation’s annual International Coastal Cleanup (ICC) has grown into the world’s largest volunteer effort to collect data on the marine environment. Held the third Saturday of each September, the International Coastal Cleanup engages the public to remove trash and debris from the coasts, beaches, waterways, underwater, and on lands to identify the sources of debris. It is a compelling global snapshot of marine debris collected on one day at thousands of sites all over the world. The 2008, 23rd ICC reported that 104 countries and locations, from Bahrain to Bangladesh, and in 42 US States, from southern California to the rocky coast of Maine, had participated. The overwhelming percentage of debris collected was plastics and smoking paraphernalia. The 2008 report states that plastic litter has increased by 126 percent since ICC first survey in 1994. The top 3 items found in 2008 were cigarettes butts, plastic bags, and food wrappers/containers.

Durable and slow to degrade, plastic materials that are used in the production of so many products, from containers for beverage bottles, packing straps and tarps, and synthetic nylon materials used in fishing line, all become debris with staying power. Plastics debris accumulates because it does not biodegrade as many other substances do; although it will photo degrade on exposure to sunlight and does decompose, more rapidly than previously thought. (We will explain these processes as we study the nature and properties of plastic itself infra.).

In addition, most of these plastic waste items are highly buoyant, allowing them to travel in currents for thousands of miles, endangering marine ecosystems and wildlife along the way. Marine debris is a global transboundary pollution problem.

Icelandic shore. The marine area around Iceland is considered as one of the cleanest of the world. Photo Source: Clean up the Coastline, Veraldarvinir

The instillation of plastic in an oceanic world vests a terrible reality. Because of the properties of plastic as a synthetic material and because of the absence of boundary, vastness, currents and winds at seas, this resilient polluting material is being spread worldwide by an even more powerful vehicle, the seas. It appears then daunting, impossible, a priori, to control, efficiently clean-up, remedy effectively, even sufficiently study the plastic pollution. This unwilling confrontation of titans, one plastic the other oceanic, has become ineluctably a crisis of massive proportion.


The paucity of concerted and definitive scientific data/research in this matter is staggering compared to the extent of the problem.
Only in 1997, with Captain Charles Moore’s discovery, was the plastic waste pollution in the ocean widely brought to media light and finally began to receive more serious attention from the public and the scientific world, stepping the way to more exhaustive research about plastic and its consequences and effects when entering marine life.

Of the 260 million tons of plastic the world produces each year, about 10 percent ends up in the Ocean, according to a Greenpeace report (Plastic Debris in the World’s Oceans, 2006). Seventy percent of the mass eventually sinks, damaging life on the seabed. The rest floats in open seas, often ending up in gyres, circular motion of currents, forming conglomerations of swirling plastic trash called garbage patches, or ultimately ending up washed ashore on someone’s beach.

But the washed up or floating plastic pollution is a lot more than an eyesore or a choking/entanglement hazard for marine animals or birds. Once plastic debris enters the water, it becomes one of the most pervasive problems because of plastic’s inherent properties: buoyancy, durability (slow photo degradation), propensity to absorb waterborne pollutants, its ability to get fragmented in microscopic pieces, and more importantly, its proven possibility to decompose, leaching toxic Bisphenol A (BPA) and other toxins in the seawater.

“Plastics are a contaminant that goes beyond the visual”, says Bill Henry of the Long Marine Laboratory, UCSC.


Seal trapped in plastic pollution. Photo: ©© Tedxgp2

But before we develop further the realities and consequences of the plastic-covered beaches, seafloor and plastic-instilled seawater, it is necessary to present simple facts about plastic itself.