World's First "Global" Plastic-Offset Scheme Launched by BCDC

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Nov 14, 2017, 08:30 ET

LONDON, November 14, 2017 /PRNewswire/ --

- 60% of plastic ever produced still in landfill or our environment

Recycle to Coin Logo (PRNewsfoto/BCDC)

- 13.2bn tonnes of plastic to be in landfill or our environment by 2020

- New scheme will allow individuals and businesses to support projects already-proven to reduce current and future plastic pollution & use

Blockchain Development Company (BCDC) - a member of the Enterprise Ethereum Alliance - has today announced the launch of the world's first "Global" Plastic-Offset Scheme.

(Photo: http://mma.prnewswire.com/media/603806/recycle_to_coin.jpg )

BCDC, through its RecycleToCoin project, is launching the scheme. It will allow; through partners such as the Plastic Disclosure Project (PDP), everyday families and companies all over the world to first calculate and then offset their entire annual plastic footprint. Unlike the often-controversial carbon offset schemes which can seem intangible, BCDC's Global Plastic Offset Scheme will only support projects proven to tackle plastic pollution; while supporting others which will help reuse current and future plastics. Its funding will also be recorded on the immutable blockchain; so, there will be full accountability to all stakeholders.

The projects will include incentivised recycling for consumers and companies, developed to encourage everyone to make the change needed when disposing of plastics which are readily recyclable. BCDC will also include projects to reduce plastic pollution such as those BCDC's partners the Plastic Bank and PDP are involved in.

The BCDC Global Plastic Offset Scheme will also support and operate "New Life Solutions" around the world to divert plastic (both recyclable and non-recyclable) in the future from ending up in landfill or the environment. In the case of non-recyclable plastic; turning that and other types of hard to recycle plastic into new, usable materials.

The current numbers for plastic ever-produced to-date demonstrate the scale of the problem. A study, led by Roland Geyer, an industrial ecologist at UC Santa Barbara^[¹^], tallies the sheer amount of plastic humans have produced, how it's used and ultimately where it ends up. In total, we have produced 9.1 billion tonnes of plastic, with an astonishing 5.4 billion tonnes of this either currently in landfill. This means that nearly 60% of plastic that has ever been produced has not been disposed of efficiently or recycled. Further to this, this amount is set to increase to 28.7 billion by 2050, with 13.2 billion tonnes either discarded in landfill or remaining in our environment - still equating to a shockingly high, 45%.

By working with companies directly and allowing consumers to assess their plastic impact, via an online portal, BCDC hopes to make everyone aware of what their plastic footprint really is. The firm will then offer companies and members of the public the chance to offset their plastic footprint by investing an amount within the BCDC Global Plastic-Offset Scheme.

By buying BCDC Tokens, companies and families will be able to use them to offset their plastic footprint. The Offset Scheme will accept BCDC Tokens, as well as the currency of the country purchasers reside in to offset their annual plastic footprint.

If BCDC Tokens are chosen instead of cash, individuals will benefit from being able to offset two years' worth of their plastic footprint rather than the one with cash. This is possible because when tokens are purchased for money - the money goes directly to supporting the project. Individuals still own the tokens at this point; and at the end of year one they can then use them again to offset their plastic use. The Scheme will then sell those tokens back to other companies and families who want to offset their plastic footprint. That money is then used to support further projects moving forward.

Gordon Cowan, CEO of BCDC, said: "We are currently in talks with numerous plastic pollution abatement projects around the world. To partner with and invest in them, ensuring true global plastic-offset. It is imperative we tackle the plastic problem head on and encourage all projects involved in fighting plastic pollution to contact us and join the BCDC Global Plastic-Offset Scheme. We believe our initiative is a fantastic way of combating this, and every purchase of a BCDC token will allow us to grow the scheme and fight the scourge of plastic pollution."

BCDC is currently in the final week of pre-sale for its token sale, allowing people the opportunity to purchase BCDC tokens at a discounted price. The company, via Blockchain, is offering people the chance to purchase tokens to access its projects; which as well as increasing in value themselves, allows you access to four humanitarian and environmental projects: EcoChain; RecycleToCoin; FoodTrax and the BCDC Global Plastic Offset Scheme. At the core of everything BCDC wants to do, is to demonstrate the positive power blockchain can and should be having on the world around us.

Is your organisation a CSR pioneer? Do you want to be at the forefront of a scheme; which will finally provide a concerted global solution to plastics pollution, recycling and abatement? Then email [email protected] now to get involved. Show the world that the status quo is no longer acceptable when it comes to irresponsible plastic use.

About BCDC

BCDC is a global, decentralised start up with a highly experienced UK based management team. Its mission is to resolve real world challenges by leveraging the power of blockchain technology to prepare for a better tomorrow.

The firm is building its own solutions and thanks to its professional and experienced management team, will continue to provide blockchain development services to corporate organisations and can readily develop multiple sets of distributed applications (DApps) over the Ethereum blockchain.

By creating a single token main sale in November 2017 to support their sustainability projects, BCDC provides the base for an entire ecosystem of credible and sustainable environmental projects. This is a first for a UK blockchain start up.

Notes:

^[¹^]Research from Roland Geyer in LA Times:

SOURCE BCDC