(SWMS) Smart Waste Management System

The processes of collection of solid waste, from the point of production to the point of treatment or disposal are known under the name of Waste Management.

In developing countries, most of the budget goes to waste collection and only a small amount goes to disposal. On the contrary, the highest cost in the waste management system in developed countries is destined to waste disposal. The most used waste management systems in developed countries process different types of waste from different collectors. These wastes are transported through containers to recycling plants (also called landfills).

A European Union report indicates that during 2014, 2,503 million tons of waste produced in households and other economic activities were produced: 

47%   of these wastes  were incinerated,

36%   of these wastes were recycled (without recovering energy from them)

  7%   of these wastes were incinerated (recovering energy from them)

10%   of these wastes were landfilled

BlockChain and Internet of Things (IoT), are two of the most popular and powerful emerging technologies currently and the most suitable to solve the problem arising from Waste Management.

IoT is an interconnection of devices that has the ability to detect, measure and process the status of environmental indicators, as well as of themselves, and act on the basis of the information provided.

BlockChain is a distributed database system that guarantees a high level of security and data availability with minimal transaction overhead. The use of Blockchain can help reduce penetration costs and services, which can be especially beneficial for developing countries by encouraging governments to implement innovative measures.

 

(SWMS) - Smart Waste Management System

 "Smart Waste Management System (SWMS)" developed by maat Group brings together these two technologies to offer an end-to-end support to Waste Management.

 

 

SWMS is based on the weight of waste, users have to pay for the use of services according to the amount of waste they produce.

Payments are made using a customized cryptocurrency regulated by Smart Contracts and all SWMS can be financed by a DAO through a fully automated and highly secure process.

A DAO, like any other organization in the real world, has members with the capacity to raise funds and propose different types of proposals. Only proposals can be executed if they are approved by a majority. The proposals can be oriented to anything from the transfer of funds to the execution of other Smart Contracts.

In short, a DAO is a collection of Smart Contracts capable of representing an organization in BlockChain, automating the decision making process and the governance of the organization.

maat Group´s BlockChain Infrastructure considers DAOs as a "waste management organization".  A proposal for the transfer of funds to a SGB factory account for the purchase of SGB is passed using the consensus of the members


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