Using AI & Blockchain for Plastic Recycling?
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INTRODUCTION The environmental and economic cost of plastic pollution is a growing concern, posing a significant threat not only to our planet’s ecosystems but also to the very resources that fuel the digital age. Every year, an estimated 381 million tons of plastic waste are produced globally, with a staggering 11 million tons leaking into our oceans. This plastic pollution harms marine life, disrupts delicate ecosystems, and carries a hefty price tag. A 2020 McKinsey report estimates the annual economic cost of plastic pollution to be between $3.3 trillion and $4.9 trillion by 2040. The energy consumption for plastic production is another cause for alarm. A 2019 study by Science Advances revealed that plastic production and incineration alone contribute to roughly 1.5% of global greenhouse gas emissions, a figure projected to rise to 5.6% by 2050 if current trends continue. These statistics paint a sobering picture, highlighting the urgent need for solutions that address plastic pollution while fostering a more sustainable future. OVERVIEW Addressing this challenge, Plastichero provides a forward-thinking solution. By leveraging blockchain technology, AI-powered robotics, and machine learning, Plastichero is pioneering efforts toward a sustainable future and making significant strides in combating plastic pollution. This comprehensive approach disrupts traditional recycling methods by utilizing its ISO-certified shredding technology on polyethylene terephthalate (PET) bottles. REGULATIONS In March 2022, the UN Environmental Assembly in Nairobi tackled the global plastic crisis, with 175 nations voting to adopt a global plastic pollution treaty set for implementation by 2025. This treaty aims to establish a common standard for plastic consumption worldwide, akin to the successful Montreal Protocol. It presents a critical opportunity to combat the growing threat of plastic pollution, with ocean plastic expected to increase by 15% during the negotiation period. This treaty provides a once-in-a-generation chance to end plastic pollution. Moreover, The…
Filed under: News - @ June 28, 2024 6:10 pm