metadata: {"title": "EarthFi", "logoImg": "bafkreih3dfauzm5efhf34utxp4iefdh32fopddkadqnf3g3hetcg7bpc7a", "website": "https://www.earthfi.xyz", "createdAt": 1722016083698, "userGithub": "ameer017", "credentials": {}, "description": "EarthFi comes from the idea of accelerating waste resources to a value-generating concept, driving values for both the environment and the community. We are building a simple and customizable on-chain plastic waste recycling system, where individuals exchange their waste for on-chain digital assets in a peer-to-peer market.\n\nProblem Statement:\n\nPlastic waste has become a global environmental crisis, with millions of tons of plastic ending up in landfills, oceans, and other natural habitats. Traditional recycling systems are often inefficient, lack transparency, and fail to incentivize individuals and communities to actively participate in recycling efforts. This results in a significant amount of recyclable plastic going to waste and contributing to environmental degradation.\n\nSolution:\n\nOur goal is to facilitate on-chain value distribution for plastic recycling through value-driven incentives. By leveraging blockchain technology, we aim to create a transparent and efficient recycling ecosystem where individuals are rewarded with digital assets for their contributions to plastic waste collection. This not only motivates more people to participate in recycling but also ensures that the value generated from recycled materials is fairly distributed.\n\nWe have been conducting plastic collection for recycling factories across Nigeria for 8 months, gaining insights into how plastic users and recyclers want to participate in the on-chain value distribution. This experience has allowed us to refine our system and tailor it to meet the needs of both recyclers and plastic users, ensuring a seamless and rewarding recycling process.\n\nKey Impacts:\n\n1. Environmental Preservation: By incentivizing plastic recycling, EarthFi helps reduce plastic waste in landfills and oceans, contributing to cleaner and healthier ecosystems.\n\n2. Community Empowerment: Individuals and communities benefit from exchanging plastic waste for digital assets, creating new economic opportunities and fostering a sense of ownership and responsibility towards the environment.\n\n3. Transparency and Trust: Blockchain technology ensures transparency in the recycling process, building trust among participants and ensuring that the value generated is fairly distributed.\n\n4. Scalable and Customizable: Our system is designed to be scalable and customizable, allowing it to be adapted to different regions and recycling needs, thus maximizing its impact globally.\n\n5. Education and Awareness: EarthFi raises awareness about the importance of recycling and sustainable practices, educating communities about the environmental and economic benefits of participating in the recycling ecosystem.", "logoImgData": {}, "projectTwitter": "EarthFi"}
name: EarthFi