Plastic Pollution, Technology, Innovations

Plastic Pollution, Technology

PH plastic credit non-profit utilizes Microsoft-made blockchain registry

Plastic credits are credits which corporations can buy to offset their plastic footprint

6/15/2021 10:14:00 PM

Microsoft announced it recently partnered with Plastic Credit Exchange, a Filipino plastic credit non-profit, to develop a blockchain registry for transactions.

Plastic credits are credits which corporations can buy to offset their plastic footprint

Plastic credits are seen as a way for corporations to offset the plastic waste from products whose plastic footprints can longer be decreased. The cash earned from the plastic credits bought by a corporation can then be used to fund more plastic cleanup drives and other programs.

LOOK: KathNiel, SB19 seen on Times Square billboard PDP-Laban ‘endorses’ Bong Go-Rodrigo Duterte tandem for 2022 elections Laguna, Iloilo City, CDO to be under ECQ starting Aug. 6 to 15

PCX, since its establishment in 2019, shows onthat it has diverted about 18.3 million kilograms of plastic waste from the ocean. It lists having worked with companies PepsiCo Snacks, Wyeth Nutrition, Century Pacific Food, Colgate-Palmolive, and NutriAsia.

By implementing a blockchain-protected registry, Plastic Credit Exchange hopes to promote transparency, trustworthiness, and bolster credit accuracy.Blockchains, most widely associated with cryptocurrency, use a peer-to-peer network of computers verifying transactions and making permanent records in a shared, secured ledger. headtopics.com

PCX's registry, foundhere, will show the corporations buying credit, and how much credit they have bought.Said PCX founder and chairwoman Nanette Medved-Po: “It is important that the credit registry is trustworthy and available to the public. By using blockchain technology to not only protect the ledger, but provide transparency around additionality and protect against double counting, stakeholders will know where and how they positively impact the environment."

“Our decision to partner with Microsoft went beyond finding a technology partner. We found a business partner whose sustainability goals aligned with ours and whose priorities are on finding innovative ways to tackle the plastic pollution crisis today,” added Medved-Po.

Read more: Rappler »

GMA Network - Encantadia 2005 (Full Episodes) | Facebook

Encantadia is an enchanted realm comprised of four kingdoms namely Adamya, Sapiro, Lireo, and Hathoria. Each kingdom bears a magical gemstone under the natural elements of fire, air, water and land....

Medina, Gawilan banner PH para Games rosterParalympics bronze medalist Josephine Medina of table tennis and Asian Para Games triple gold medalist Ernie Gawilan of swimming will headline a projected cast of 10 Filipino athletes who will be

More than 1.8 million fully vaccinated in PH, reports RoqueHahaha...oink oink. Hahaha

How satellites help fight COVID-19 in PHOr is this a human monitoring same as with china human monitoring... Whatever happened to privacy... I still want my privacy!

Villanueva demands transparency in PH's P82.5-B vaccine purchasessenatorjoelv like it should be naman talga. Eh yung transparency ng pdaf mo noon? Kamusta na pala ang kaso mo? Asa ka pa ng transparency sa gobyernong ito ... Di na nga natin malaman kung saan saan napunta yung nakontrol nilang pera nitong pandemic eh ... Ni SALN ng Presidente ayaw ipakita ...

PH shares inch up to 6,917 despite net foreign sellingPhilippine shares inched up for a second straight session as the country's central bank chief remains upbeat about economic recovery prospects.

PH shares inch up to 6,917 despite net foreign sellingPhilippine shares inched up for a second straight session as the country's central bank chief remains upbeat about economic recovery prospects.