MANILA RESIDENTS WILL BE ABLE TO GET ETHER FOR CLEANING BEACHES

The capital of the Philippines, Manila, will launch a decentralized Ethereum app that will reward users for cleaning up the city’s heavily polluted beaches. Initiative has been developed by the blockchain company ConsenSys.

CEO of ConsenSys Joseph Lubin said:

“We will pay Ether to users of our app in Manila in case they spend hours cleaning up some of the most polluted beaches in the world. Startups “Bounties Network” and “ConsenSys Impact” prove the success of a new model in which people can finance important projects without intermediaries”.

Bounties Network is a decentralized application on Ethereum that allows users to assign tasks and pay a reward for them.

The Philippines is well suited to launch a non-profit initiative related to cryptocurrencies. The authorities of the country recognized bitcoin as a legitimate means of payment, and the Central Bank allows transfers in cryptocurrency. The country also has a special economic zone for blockchain companies.