ReCoin

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ReCoin

ReCoin

David Baker By David Baker

Incentivising recycling using the Blockchain.

Lewisham Idea stage

This project is preparing for fundraising. Click Like to show your support, or Follow for updates on this project's journey.

Seems we have more rubbish and less time, people can be morally inclined to recycle but with a little more encouragement we can speed things up. We have nfc sensors in bins and recyling centres which sense the user and reward them for depositing recyclable products. The user has an app on their smartphone which is a wallet and a augmented viewer tool to help locate recycling points and places to spend the currency We can add our currency to anything that can be recycled including electronics We want to be the main currency for all these transactions. Its decentralised and will be based on a super fast blockchain Lots of people want to get some crypto currency and this will be a great way to make it available. We want to start the scheme in Deptford first of all and roll it out across as many boroughs as possible.

What we'll deliver:

  • Create the Recoin Blockchain
  • Build the Recoin App
  • Install sensors to as many bins as possible
  • Get more people into recycling

Why it's a great idea:

We all need a little push sometimes and ReCoin will really encourage business's and consumers to think about how much worth there is in what we are throwing away. The currency will be available to buy on the crypto markets so the value could easily increase and gain recyclers incredible returns for their effort.

Steps to get it done:


Location Lewisham

Lewisham has 125 other projects and £1,345,000 in potential grant funding

About the space

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Council

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How will the money be spent?Total £

Other - £0 (100%)

Costs Breakdown

This shows how money raised for the project will be spent. Before entering fundraising these costs will be confirmed by the project's Delivery Manager and verified by the verifier.

100%
Other
£0

Total £

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