Swachhcoin aims to create a decentralised waste management ecosystem that perceives waste as the greatest untapped resource and utilises it to fulfil human needs in any possible manner.

Reform to the massive and inefficient waste management sector is no easy task. The huge industry produces billions of pounds of waste every year, and contributes to a significant amount of unnecessary waste that is not put to proper use. Innovation will require a seismic shift to the way that customers, waste management plants, and recycling centers interact.

But change has never been more necessary. A litany of efficiency and communication issues bar both effective use of materials and consumer access to resources from being commonplace. This may be one reason why 76% of waste goes untreated, equating to around 1.5 billion tons of waste per year globally. The problem will likely only get worse, too, with populations climbing and no end in sight for the continued production of unused wastes all over the world.

Swachhcoin is making use of decentralized blockchain technology to attempt to explore one possible set of solutions to the problems currently faced within the waste management industry. The long-term prevalence of the issues in the waste disposal and management process means that the industry for solutions and fixes will always be a viable market.

But Swachhcoin understands that the solution to the plethora of complex problems in the community of waste collection, management, and recycling requires a multi-faceted approach. Consequently, a collection of new projects being rolled out by Swachhcoin mandate the creation of an entirely new ecosystem poised to shake up the waste management sector.

Swachh Ecosystem with Smart Waste Management

* Smart Contract Integration

Smart contracts sit at the foundation of the Swachhcoin ecosystem. A number of smart contracts help to facilitate a variety of different interactions between different entities within the complicated infrastructure. Additionally, the community has a direct input in the happenings of the philanthropic portion of the ecosystem through a decentralized autonomous organizational structure.

* SwBIN

SwBin is an innovative new waste bin being created by the company. In its final phases of development, it will be offered to waste management companies for distribution to a variety of locations. The bin will be integrated into the ecosystem as the means by which the consumer is able to deposit their waste and, eventually, collect incentives.

* SwAPP

In order to streamline the process and innovate the user interface for the consumer, the ecosystem will also implement SwAPP as a decentralized user interface system. In particular, SwAPP will use geo-location to provide users with a list of the closest available SwBINs to deposit their disposable waste.

* SwATEL

This sub-ecosystem in the Swachh ecosystem operates as the system’s brain, transporting a variety of types of information all over the system, between consumers, waste facilities, and more. This information processing method is known for its ability to process information in a way that provides a distinct efficiency boost to the entire system. The information is stored on an open, public ledger visible to all participants on the system.

* SwIOT

SWIOT is known as the Swachh Internet of Things. This sub-ecosystem helps to link all viable parts of the system together, combining traditionally human-run portions of the organizational model with the objects, such as the SwBIN, that comprise the new order.

Conclusion

Swachhcoin’s complex ecosystem seeks to combine several components in a way that provides a succinct solution to the complicated problems which characterize the waste management industry. While the SwBIN and the SwAPP work to make the user interface more accessible and the waste management process easier for the consumer, SwATEL and SwIOT work in the background to link the sub-systems together and improve the functionality of the entire ecosystem.

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