Boosting the Flagship Campaign of the Indian Government Using Swachhcoin
Swachhcoin: the decentralized crypto platform which could be the catalyst for delivering a Clean India by 2019.
One of the boldest initiatives launched by Indian Prime Minister, Mr. Narendra Modi during his tenure in office has been the much hailed Swachh Bharat Abhiyaan, or ‘Clean India Campaign’.
The 5-year nationwide sanitation project aims to radically alter Indian sanitation practices — especially in rural areas — by 2019, and update them for the modern world. India’s economy has grown rapidly in recent years, and Prime Minister Modi wants the culture to grow at the same rate as the finances.
The Swachh Bharat Abhiyaan project has made huge changes to Indian communities already, but not everyone is enthusiastically jumping on board.
Resistance from Both Sides
The problem comes from both operational sides of the initiative.
The general public have no incentive to fully engage with the project, especially when their financial situations restrict how much they can take part.
Likewise, the industry captains of the waste management market are reluctant to invest in the programme, due to a lack of proper infrastructure, and no clear path toward profit.
Swachhcoin
This is where Swachhcoin steps in.
Swachhcoin are aiming to overhaul the entire waste management industry by acting as a decentralized hub for the collection, logging and recycling of consumer waste.
Swachhcoin implements the big four modern technologies: IoT (Internet of Things), Big Data, AI, and the blockchain to create a digital ecosystem which can autonomously manage every aspect of the waste management industry.
The SwBIN (Swachh Bin) is an innovative ‘smart bin’ which is programmed to identify different kinds of waste, and reward those who dispose of their waste properly. Participants are rewarded for their responsible behavior with SWACHH tokens. These tokens can then be traded by the participant on various online Crypto-exchanges in return for the fiat currency of their choice. Conversely, they could hold onto their SWACHH tokens in anticipation of future growth.
Other countries have already experimented with some kind of incentivization — such as in Germany where plastic bottles can be recycled in return for money. This system has resulted in Germany’s homeless population becoming self-employed litter collectors — as they clean up their cities for financial rewards.
Meanwhile, on the industrial side of the equation, waste management companies could be tempted to adopt the Swachhcoin platform given its increased efficiency over the current model.
Swachhcoin uses various tools such as: SWATA (Swachh Data); SWATEL (Swachh Adaptive Intelligence); and SWIOT (Swachh Internet of Things), to create a decentralized waste management infrastructure.
Service providers can track the process of their business using Big Data techniques from the security of the blockchain. Internet of Things (IoT) support means companies can tie together every aspect of their day-to-day operations under one roof. And by taking advantage of Adaptive Intelligence technologies, Swachhcoin can provide tools and machines which can learn from past use, and adapt their practices accordingly.
Ultimately, modern methods for large-scale waste management are falling behind a rapidly advancing society, both for India, and the wider world.
An innovative solution like Swachhcoin could be the incentivizing boost that Prime Minister Modi’s flagship campaign desperately needs, as the waste continues to mount up.
