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Understanding blockchain technology

To understand the impact UNIVERSAL PLASTIC® is making, it is essential to break down one of the key technologies involved: blockchain. At its core, blockchain functions almost like a digital notary that authenticates every time something new occurs. In the case of UNIVERSAL PLASTIC®, this means that every action taken by an app user during waste collection is recorded securely, transparently, and immutably.

Imagine a Google document that everyone can view and edit, but once something is saved, it cannot be changed or deleted. This ensures that everyone can trust the recorded information because it cannot be manipulated. Blockchain operates on a distributed network, meaning no single entity controls it. Instead, data is stored across many computers worldwide. This distribution enhances security and prevents unauthorized access or alterations.

App contra la bazuraleza - blockchain sostenibilidad

The Role of UNIVERSAL PLASTIC® in the Fight Against Plastic Pollution

Now that we have a basic understanding of blockchain, let’s explore how UP effectively uses this technology to combat plastic pollution.

ONDAs: Digital Assets for Environmental Impact

At the heart of UNIVERSAL PLASTIC® are ONDAs (Ocean Notarised Digital Assets), which represent the environmental and social impact of each plastic collection effort. These digital assets are not just records; they symbolize the tangible benefits generated by cleaning our oceans. Each ONDA reflects real efforts to collect plastics, providing a way to measure the success of these initiatives.

ONDAs are secured through blockchain technology, ensuring that every detail of the collection process is accurately documented. This allows stakeholders—from local communities to global organizations—to transparently and reliably track the progress of plastic collection efforts.

The dMRV System: Accurate Measurement and Reporting

ONDAs are created through the dMRV system, which consists of three critical components: data extraction, data analysis, and data integrity.

Data Extraction: Utilizing Internet of Things (IoT) devices, UNIVERSAL PLASTIC® captures real-time evidence of plastic collection efforts. These devices record geolocated images, GPS tracking of collection routes, and even environmental data such as weather conditions. This detailed information provides a comprehensive view of where and how much plastic has been collected.

Data Analysis: Once the data has been gathered, it undergoes a rigorous analysis process. Advanced AI algorithms validate and analyze the data, ensuring its accuracy. This stage helps identify not only the quantity of plastic collected but also the type and size, offering insights into the effectiveness of the collection efforts.

Data Integrity: To maintain the security and reliability of the data, all information is recorded on a public blockchain. This ensures that the data is transparent and cannot be altered without proper authorization. This generates trust among stakeholders and provides a verifiable record of all plastic collection efforts.

Leveraging Blockchain for Global Impact

UNIVERSAL PLASTIC® applies technology from the very first action taken by the plastic collector using the app, creating a dataset that originates at the root of the plastic collection process, positioning it as a leader in the field of digital asset management. UNIVERSAL PLASTIC® secures the ONDAs on the blockchain, establishing new standards of accountability and operational efficiency. This facilitates seamless value transfer at an international level, encouraging participation from businesses and organizations in global plastic reduction efforts. Moreover, the blockchain infrastructure used by UNIVERSAL PLASTIC® is designed to handle a high volume of transactions while maintaining low fees and impressive energy efficiency. This scalability is essential for effectively managing the ONDAs and aligns with UNIVERSAL PLASTIC®’s commitment to ocean regeneration goals.

Conclusion

UNIVERSAL PLASTIC® brings a new approach to plastic waste collection through the integration of advanced technologies such as blockchain and AI. This strategy not only enhances the efficiency of waste collection but also fosters trust and accountability among all stakeholders involved. As UNIVERSAL PLASTIC® continues to expand its technology and reach, it plays a crucial role in the fight against the global plastic crisis. By facilitating corporate social responsibility (CSR) initiatives, UNIVERSAL PLASTIC® is helping to create a cleaner and healthier environment.

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