⛓️The use of Blockchain

Blockchain is a foundational emerging technology of the Fourth Industrial Revolution, much like the internet was for the previous (or third) industrial revolution.

Blockchain has the ability to bring out an enormous breakthrough with its decentralized infrastructure distributed and immutable ledger and advanced cryptography that could transform many existing processes in business, governance and society

With the help of this technology, the facility can come to people’s hands allowing participants in the network to own a piece of the network by hosting a node (a device on the blockchain) and control their own records and therefore, obtaining the general management of their own information.

The technology was created to combine privacy and security during transactions. To put it simply, we can represent the Blockchain as a register written in indelible ink, which keeps track of all information issued. An information is written on a “block”, which is added to the “chain.” What works as much for economic transactions, information, videos, music, everything can appear on the Blockchain.

We will implement a blockchain technology to ZeLoop application to allow users to share information, validate collected plastic amounts, get rewards automatically, exchange their token and donate in full transparency with the certainty it goes to the selected organization.

We have also creating the Eco Reward Token, a token that will support the reward engine of the App but can be used as support for other initiatives on circular economy that will be introduced during the scaling up of the platform.