Klean Industries launch blockchain app for end-of-life tire and waste management
Due to ever growing waste management problems and climate change, thee need to reinvent modern industrial practices is acute like never before.
Today, waste management practices even in developed economies still do not enable to take care of all end-of-life materials in an efficient manner and reuse them in new products. Klean industries claims to be a pioneer in waste management, and it recently launched an innovative blockchain-based platform to help make environment better.
Klean industries have a conscious approach towards providing innovative solutions for waste management. Klean Industries report that their EPR initiative (Environmental Procedure Responsibility) with Distributed Ledger Technology (DLT) offers secure, efficient, and practical solutions to tackle recycling management problems.
With its 60 years of expertise in this field, its KleanLoop platform – a decentralized waste management commodities and services exchange – has come up with an innovative solution with the KleanLoop DApp, i.e. a decentralized app with recycling industry data. KleanLoop blockchain-based solution provides transparent economic solutions for various waste and energy problems, including end-of-life tires.
For example, KleanLoop’s multi-platform distributed application enables users to exchange e-waste with minimum transactional intricacies and more efficiency with open access to the requisite data. Under this interface, KleanLoop would be able to eliminate malpractices under the current management system enabling users with all-through access and authority of trading within the process.
Klean aims to form an open and transparent marketplace to trade and provide services regarding waste management. It also focuses on the technology used in the decentralized application to curb pollution levels and infiltrate waste to get cleaner natural resources. The company uses a network of agents to minimize the wastes with collective efforts.
Klean Industries report that the integration and analysis of the data with the AI analytic software Arnold will deliver valuable real-time outputs with transparency and accuracy. The KleanLoop DLT is expected to become an intermediary for secure and fast transactions with lesser transactional charges.
According to the company, Arnold uses graphic recognitions to identify network users and sellable e-waste. Once the deal is finalized, the KleanCoins will be paid to the buyer. It will follow two way model of transactions using bidding and daily market.
The company reports that the platform will enable users to use the following functionality.
- Direct access to real-time data and other transactional detailing.
- Advancements towards a transparent and open market hub to encourage competition.
- Motivational incentives to regular and genuine users.
- Hassle-free and secure trading.
- Lower operational costs with more efficiency.
Article by Klean Industries.