4NEW is the first ecological solution in the world to propose the recycling of waste, based on a blockchain. It wants to radically change the waste industry, permitting consumers and industry players to take advantage of their FRNC tokens for payments within the 4NEW ecosystem.
The company is offering consumers the opportunity to regain control over the processing of their waste and benefit from it.
According to the white paper, 4NEW’s “blockchain platform will be built on top of the underlying treatment infrastructure covering the entire supply chain from the collection of waste to generation of electricity to the sale of energy units to the national grid or between consumers and industry peers.
Given the utilitarian nature of our services, we believe that 4NEW will successfully integrate the blockchain network within the real world applications of waste to energy conversion with widespread acceptance.
Moreover, 4NEW will be able to support the energy consumption costs of its own decentralized, open source platform enabling 4NEW to operate at a significantly reduced cost compared to the other blockchain networks. “
The project: generating electricity from waste
Waste-to-Energy: Just to understand it correctly, let’s say waste-to-energy is the process of producing energy in the form of heat and/or electricity from the treatment of waste. It is a form of energy recovery that must be used more by its environmental and economic side.
Full process support: 4NEW will collect the waste and convert it into electrical energy at its treatment plants. This electricity will then be redistributed to the households from which the waste originates. Electricity can also be sold to the national grid and other energy suppliers. It can also be used to power the data servers that will support future Blockchain platforms. 4NEW will, therefore, be able to efficiently help the energy costs for the operation of its platform.
The FRNC: 4NEW ICO Token
The FRNC token is a utility token with built-in smart contracts. It will serve as currency in the 4NEW ecosystem. For example, by giving away your waste, you will receive FRNC tokens, which can be used to pay your electricity bill.
300 million tokens will be sold within the ICO, which is in progress and already is a huge success. Nearly $25,000,000 has already been invested in 4NEW. That leaves only $5,000,000 to be raised by December 15 for the team to launch the project.
Launch planned in the United Kingdom
Although 4NEW has international ambitions the launch will take place in the UK. The country is lagging behind in the field of waste treatment, while the market is huge with more than 200 million tons of waste being processed each year.
This sector offers jobs for 70,000 people in 3,000 companies. Just in the UK the waste treatment market is worth $120 billion a year and is still in full development thanks to the technological development.
The company has already identified three locations for its launch in the UK, and the 4NEW platform will be fully operational by December 31, 2018.
The 4NEW project is very ambitious and may very well offer a real alternative to waste management. 4NEW has already raised enough to finance the opening of two sites in the UK and will probably raise enough funds for the opening of the third.
If the tests on these three facilities are satisfactory, the company wants to open many other processing plants around the world.
There is a real market and a real problem to solve on an international scale. We must find solutions and the future will tell us if 4NEW has been one of the pioneers responsible for these changes that are highly necessary for the health of our planet.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.