Mohd Azrizal Mydin PitchayICO team member replied on 30 Nov 2019
Dear Mr Karavaev,
Thank you taking your time in reviewing EMJAC.
Answering your question, Blockchain is used in tracing the movement of the waste so there are no illegal shipping and dumping. In addition, blockchain allows purchaser and seller of recycled energy products to conduct their trade in a transparent manner. Another cool feature blockchain brings to the table is security and authenticity of data stored in it, due to its nature of immutable the trust level is high compared to commonly used systems.
Blockchain will also allow us to provide accountability to various authorities around the world where each country’s waste tyre end up and whether they are being recycled in an environment-friendly manner.
Our recent collaboration partners University Technology Petronas recently has proved there's really in need handling waste tyres effectively as more than 2 Billion waste tyres are being generated worldwide however less than 30% is being recycled and the balance is usually sent to landfills or illegally dumped. Poor management of waste tyres poses a serious threat to our environment.
We have started developing MVP and will be released once its ready. Thank you
Regards
Ryzzal
CEO, EMJAC
Thank you taking your time in reviewing EMJAC.
Answering your question, Blockchain is used in tracing the movement of the waste so there are no illegal shipping and dumping. In addition, blockchain allows purchaser and seller of recycled energy products to conduct their trade in a transparent manner. Another cool feature blockchain brings to the table is security and authenticity of data stored in it, due to its nature of immutable the trust level is high compared to commonly used systems.
Blockchain will also allow us to provide accountability to various authorities around the world where each country’s waste tyre end up and whether they are being recycled in an environment-friendly manner.
Our recent collaboration partners University Technology Petronas recently has proved there's really in need handling waste tyres effectively as more than 2 Billion waste tyres are being generated worldwide however less than 30% is being recycled and the balance is usually sent to landfills or illegally dumped. Poor management of waste tyres poses a serious threat to our environment.
We have started developing MVP and will be released once its ready. Thank you
Regards
Ryzzal
CEO, EMJAC