M2M Economy Team Cool Runnings — Trading non-organic waste using Hyperledger fabric

How to solve the non-organic waste problem in the world by building a system where trade takes place in this waste by using Hyperledger fabric. That is the question the M2M Economy Team Cool Runnings is trying to find an answer to.

After the first 24 hours, the team broadened its scope to include the whole ecosystem around the issue that got them started. Ivo from the Cool Runnings Team explained that at the start, they focussed on distributing food in a more equal way in order to solve world hunger. Not unline Team OneUp who are also on the M2M Track with a similar goal.

At the moment, a lot of big institutions are monetizing the world food system. For some people, that might be good, but it’s probably not great for society as a whole, given the fact that on paper it should be really easy to feed everyone. If we did it for free that is. To get there, the premise of the teams on the M2M Track is the idea that machines don’t require monetary incentives to run. The Cool Runnings Team spent a lot of time discussing how best to structure the interactions between machines. Should they use a marketplace? Should they exchange information?

The greater vision is to create a sustainable food ecosystem without waste. A world abundant in food where food is available for free to all people. To get there, the food should be produced, controlled, and distributed globally by machines.

The team is working on the premise that IOTA might help them realize their utopian vision. To experiment with their vision, they are running a simulation that looks into three regions in the world. They want these regions to share demand and supply, using IOTA to structure their transactions and Artificial Intelligence to determine the best fit between these three regions and be able to cope with events such as failing crops, unexpected repairs, and sudden disasters.

They have done some transactions on the testnet of IOTA, and are now working to spin up their Raspberry Pi nodes on which the simulation will run. If they succeed, a small utopian world will emerge in their simulated world. A world that we may learn from to improve our current one!