Why are you participating for Based Africa?

To utilize the technology to address Africa's problem as related to sustainable waste management.

What challenges are you focusing on?

Problem Statement: Efficient waste management and recycling remain a significant global challenge. Finding recyclable materials for purchase and motivating sellers to participate in recycling efforts are persistent issues. There is a lack of transparency and incentives to drive recycling participation effectively.These challenges hinder global progress in reducing waste, mitigating climate change, and achieving carbon reduction goals. Without a clear, fair, and rewarding system in place, participation in recycling efforts remains low.

How does your submission address this challenge?

EcoReward offers a comprehensive solution by creating a decentralized marketplace specifically for recyclable materials. By using blockchain technology, EcoReward provides an innovative platform that addresses each of the pain points in the recycling supply chain:

Decentralized Marketplace for Recyclable Materials: EcoReward connects sellers with buyers, allowing individuals, businesses, and recycling centers to easily list and purchase recyclable materials. This marketplace ensures that buyers have access to a wider array of materials, encouraging the reuse of waste and reducing the need for new resources.
Incentives for Participation: EcoReward introduces a rewards system for sellers, motivating them to collect and sell recyclable materials. Through the use of blockchain-based tokens (Green Tokens), sellers are compensated for their efforts, creating a sustainable incentive structure that drives increased participation in recycling.
Secure and Transparent Transactions: By leveraging blockchain technology, all transactions on EcoReward are immutable and transparent. This guarantees the authenticity of listed materials, ensures that payments are secure, and builds trust between buyers and sellers. Every transaction is recorded on the blockchain, providing a verifiable trail of recycled materials from their source to their final destination.

EcoToken deployed to
0x17983011E9187Fb16695A29be44F9EC8Dc55d6dE
EcoReward deployed to 0xb05D3bd6F5758DCCAe79C3c7a8701F6419147C5A

Challenges we ran into

Using the basenames