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.
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.