Residents of Manila, the capital city of the Philippines, will be paid in ETH for cleaning up a heavily polluted beach in the area. The payment is enabled through a decentralized application (dApp) known as Bounties Network on the Ethereum Blockchain, which also serves as a freelance platform for the completion of various tasks.
Bounties Network and ConsenSys Impact
Bounties Network enables anybody on the platform to create a bounty and reward participants in ETH. A similar project using fiat currency would be nearly impossible to achieve. All residents would need to have a bank account, heavy fees would be associated with the transfer, and legal and accountancy procedures would hinder the entire movement. It could also take longer than two weeks to make an international transfer. Each participant is rewarded with .03 ETH upon completion.
ConsenSys Impact is a subsidiary of ConsenSys, and recently launched the bounty on Bounties Network, titled – ‘Bounties for the Oceans: Philippines Pilot, Sustained, Verifiable Plastic Cleanups.’ The program encourages people to get out and clean up the beaches themselves instead of relying on centralized institutions –
“Plastic pollution costs the lives of 1 million seabirds and 100,000 marine mammals per year. Fish eat plastic, and we eat the fish. Plastic causes $8 billion in damage to marine ecosystems each year. With Bounties for the Ocean, we are asking people everywhere to submit verifiable proof of their direct plastic cleanup contribution as a way of fostering widespread and long-term behavioral shift. Do not depend on centralized organizations, go out there and do it yourselves.”
Let’s do it ourselves
The project is helping to hit two birds with one stone, cleaning up an environmental concern while also facilitating the transition from fiat to decentralized currencies. Inhabitants of less developed regions also need to get familiar with the new form of finance to facilitate global adoption, not just among rich first world citizens in modernized Manhattan bars. As per Ethereum co-creator Joseph Lubin –
“In Manila, participants will be paid in ETH for spending a few hours cleaning up one of the most heavily polluted beaches in the world. Bounties Network and ConsenSys Impact are proving a new model where people fund causes directly without intermediaries.”
Perhaps most significant is that it is being done without any intermediaries, such as a central government. As more of these decentralized mini-projects proliferate, people may come to the understanding that centralized government is not necessary, and has been a failure in terms of global poverty, financial distribution, and environmental concerns.
Power needs to be put back to smaller localities assisted with AI and DLT for democratized and localized decision making. It has the added benefit of being cheaper, as no money is being wasted to support a third-party. Ultimately, the planet will only get better when people take individual action via the appropriate incentives, as opposed to waiting for some perfect political and economic system that will never materialize by itself.
Digital Nomad with an interest in Zen and Blockchain technology.
Law graduate with 3 years experience as a consultant in the capital markets industry and 4 years experience freelancing on UpWork as a Creative Writer.