During the industrial revolution era which started as early as 1970 to 80's, waste managers and environmental science scholars thought of converting all kinds of waste into reusable products. With the progress of human needs and demands in the 21st century, waste has become unmanageable. Treating this waste and converting it into a sublime form either to dispose or to re-use in any other form has become a big challenge for the new era waste managers.
More specifically producing energy through sustainable means from such huge waste amounts is yet to fully flourish. As reports of surge in global population hit mainstream media, energy supply continues to reduce constantly, and with emerging economies plus urbanization in Africa and Asia, there is no doubt that need for effective management is vehement. An ambitious new project begs to differ.
4NEW is a UK based innovative company which works in the direction of treating waste and converting it into safer and cleaner energy. Waste treatment plants will be installed paving the way for a much needed sustainable energy development. The core functionality of 4NEW is based on the blockchain platform which ensures not just payments but also treatment infrastructure covering the entire supply chain. The main aim behind 4NEW is to solve two major global problems of waste surplus and energy shortage. According to their website, 4NEW is the world's first eco-friendly, tangible, waste to energy blockchain solution. 4NEW plans to launch operations on three separate sites in 2018.
According to the reports, energy providers usually buy electricity at lower costs and then sell it at exaggerated rates to the consumers and needy parties. 4New aims to provide the same amount of electric energy at a relatively, approximately 15-20% cheap rates to the consumers. These subsidized rates are surely going to benefit and attract consumer attention globally. With the help of the blockchain technology, they can eradicate cash dependency, inefficiencies, and fraud as everything is recorded on a decentralized, transparent, and secure public ledger.
4New coin is the decentralised currency and an open source blockchain platform used for the transaction between b2b, b2c and c2c over purchase of commodities or payment. The 4New coin will enable the clients to trade and transact in waste and energy. This will open great opportunities for the major industry players to earn in really innovative ways.
Blockchain and the FRNC token will act as currency which all the stakeholders will possess. These tokens will be utility tokens and have smart contract capabilities built in. The network of 4NEW will work on special smart meters which will communicate in real time, thereby upgrading the efficiency of the process and help monitor outages.
In total there are about 300 million FRNC tokens in circulation and 4NEW dosen't plan to add any more coins into circulation. Each of the power generation plants will be allocated 100 million coins. The token sale has begun and will run until 31st January 2018, during which investors will be able to buy the tokens in exchange for Ethereum. The valuation for token during the crowd sale is 170 FRNC per 1 Ethereum!!
4NEW plans to interconnect the futuristic technology of blockchain and cryptocurrency to the waste and energy management sector by offering their unique coin, the KWATT. Each KWATT Coin incorporates 1 kilowatt of electricity for a year.
The cost of 1 kilowatt for electricity has been a very stable value for the past 50 years, approximating at $0.15 USD per kilowatt.
From Waste to Best!!
Our ecosystem is in frenzy and therefore a permanent solution is the need of situation for sustainable eco-friendly projects. The current scenario of tremendously increasing pollution, uncontrollable population and fast exhausting natural resources have put a question mark on the survival of mankind in the long run.
Needless to say if these problems are not taken care of at war pace, we will surely face the consequences. Despite having uncountable projects focusing on water replenishment and energy shortage management, 4NEW is the only one to tie up the ecosystem with the blockchain technology. This startup installs faith and shows a lot of promise to provide the "best out of waste". The demand for such a project is high, which is why it will prove to be a profitable endeavour for investors and users of the platform.
To know more about their coin offerings, please visit www.4new.co.uk/
For more information visit:
Website: https://www.4new.co.uk/
Blog by: Lanirm Knayam
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