Today mankind is increasingly faced with the question of the threat of environmental catastrophe due to various anthropogenic influences, and one of them is the increasing rate of deforestation. No more than 20 per cent of the world's forests are intact under human influence.
First of all, forests are the habitat of many animals, plants and provide oxygen to the planet. The deforestation of these forests mainly occurs for the production of various materials in the form of paper, furniture, construction and fuel. Human needs are growing every day and the resources of nature are not limitless, which can lead to a violation of the ecological balance.
Deforestation around the world is rapidly reducing the area of forests, and it affects species abundance and diversity, and climate change. All this is also a profitable business, but the main problem is that it is illegal, without taking into account the damage to forest plantations and the environment.
All this leads to an understanding of the negative impact and requires the use of more rational methods of creating paper products, but they need to spend more money than traditional and habitual deforestation, companies are not willing or have insufficient subsidies for recycling.
And for the solution of such important problems for people and the environment on a global scale should definitely use blockchain technology and combine it with the paper production capable platform called Byzbit.
Byzbit aims the main purpose of the creation of paper products from agricultural wastes, converting them and developing the increasingly popular use of green energy without causing harm to flora and fauna. It may surprise you, but this idea is being developed in an African country like Ethiopia.
The main processed raw material will be used rice waste in the form of cake and the quality of the produced paper meets all the necessary qualities of traditional norms in fineness, durability and ability to break. The team creates its own ecosystem tokens based on the Ethereum blockchain with the abbreviation BYT.
Thus Byzbit will contribute to the growth and emergence of paper mills whose digital tokens are provided with real physical materials, and provide full transparency, security and openness of their activities. Blockchain in this case helps to finance such projects, reducing harm to nature and eliminating intermediaries in the implementation of payments.
The team plans to hold an initial token offering on the Bankcex exchange and the first round will start on October 1, 2019 at a price of $ 0.5. Mobile wallet has already been developed for two operating systems such as Android and iOS, where you can store other cryptocurrencies.
In conclusion, I want to say that this idea attracts attention and respect due to the creation of additional jobs for the population, the support and development of green energy, the rapid payment of wages to workers and increasing trust between partners through smart contracts. Therefore, I recommend to additionally read the information at these links below:
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