How Blockchain, PPP and Smart Citizenry can Help Resurrect a Dead River
Disclaimer: this article was not endorsed or produced by CypherOdin, Inc. and was written on my own intiative in support of #PhilippineInnovation.
CypherOdin, Inc. has recently announced a proposal to help save Pasig River by using blockchain, IoT devices and LIDAR drones, which will be used to track streams and sources of garbage.
Part of the plan is to involve Riverbank communities in the clean-up effort by incentivizing collection and disposal of trash. More specifically, waste is quantified, and the resulting numbers are converted to CypherOdin’s native token, Botcoin, which can then be encashed by riverside dwellers from a cryptocurrency wallet.
An information drive will also be launched to spread awareness about the campaign and how indigent citizens can participate in this process.
If the plan is successfully implemented, it could be one of the world’s first to showcase how data, drones, Blockchain and Smart Citizenry can all be utilized to actually help solve real world problems.
CEO Mariano Jose Villafuerte IV recently convinced the Pasig River Rehabilitation Council (PRRC) to forge a Public-Private Partnership (or PPP) — which is a collaboration between two or more public and private sectors — to achieve the common, long term goal of “resurrecting” the Pasig River from being biologically dead or unable to sustain life.
According to Philippine Star, Villafuerte will be offering their technology and services for free, which means they do not expect any funding from the government for this venture.
In fact, he originally wanted to test the blockchain solution in Boracay but the island was unfortunately closed down last April when they came up with the proposal. As a result, CypherOdin decided to set their eyes on a bigger goal: to help clean up Pasig River. Once they find their footing in this innovative endeavor, they can even implement the same strategy in other depressed locations around the globe.