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Dfinity Foundation partners with Roland Berger to launch a global standard recycling point program.

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Dfinity Foundation partners with Roland Berger to launch a global standard recycling point program.

In order to increase the global plastic waste recycling rate, blockchain technology company Dfinity Foundation is partnering with management consulting firm Roland Berger to incentivize global recycling activities using Internet Computer's blockchain technology.

Voluntary Recycling Credits (VRC) Standard

According to CoinDesk, the Swiss non-profit organization Dfinity Foundation recently partnered with management consulting firm Roland Berger to develop a technology aimed at enhancing global recycling activities. This technology is based on Roland Berger's introduction of a Voluntary Recycling Credits (VRC) standard inspired by the carbon credit market in June of this year.

Official statements indicate that the initiative targets the global waste management sector that has a negative impact on climate change. Of particular concern is that the recycling rate of plastic waste, among the 2 billion tons of municipal solid waste generated globally each year, has not yet reached 10%.

Dfinity Foundation aims to create a new product on the Internet Computer blockchain that will allow recyclers, waste producers, and other stakeholders to buy, sell, and trade these recycling credits, with real-time tracking.

Roland Berger stated that blockchain technology provides a crucial foundation for this project, with a decentralized model ensuring that all transaction records have "transparency, auditability, and security."