Blockchain’s decentralized applications are being used in almost all the industries and field. And now companies interested in saving environment positively are also turning towards this technology. One such revolutionary project is Enzed Share. Based on the idea of saving the nature from the major threats of the non-biodegradable plastic, it has come up with a sustainable green business model.
The model will convert plastic waste using blockchain technology. Enzed Share has designed an SNZ PTF system which includes an innovative and proprietary process that converts plastic waste into Ultra Low Sulphur High Cetane Diesel Oil, a form of renewable energy. Once this patented system is implemented fully, it is expected to make a major contribution towards the management of constantly growing plastic waste problem across the world.
A study says that by 2050 there will be more plastic waste in the water bodies around the world than fish which is quite alarming. Every other day there is news regarding how the excessive plastic waste is affecting both land and marine life. The plastics that are disposed irresponsibly on water sources and landfills are a major concern.
The community decentralized blockchain mining applications and infrastructure developed by the Enzed Share Limited can contribute towards the adoption of green technologies in a big way in the days to come said Digital Journal. Importantly, this technology will reduce and eventually get rid of the reliance of the world on commercial energy suppliers and reduce carbon footprint by addressing plastic waste pollution.
Another company that is contributing to helping environmental concerns through blockchain applications is SunContract. The company launched a blockchain-powered peer-to-peer system in April this year, said SunContract. The highlight of the platform is that it empowers the individuals including homeowners to freely trade electricity and make them energy self-sufficient. So, the homeowners and individuals, in general, are not forced to use energy distributed by the traditional power generators.
At present, the company is implementing this project based on decentralized applications in Slovenia and is planning to expand it to the European Union nations in the months to come. With the help of this platform, the citizens of Slovenia are getting electricity at 40 percent lower rate. Simultaneously, they are also contributing to the environment by choosing eco-friendly energy resources thereby reducing environmental degradation.
The post Growing Significance Of Blockchain Decentralized Applications In Saving Environment Positively appeared first on OWLT Market.
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