Wasset is a protocol that promotes sustainable waste management, leveraging blockchain technology's transparency and tokenization to create an incentive-driven waste circular economy. By connecting those in the value chain, starting with waste collectors and producers, we can efficiently recover waste for recycling or reuse, thus protecting our environment from the danger of waste mismanagement.

• Important Link: https://linktr.ee/wasset

Problem addressed

Yearly, we generate about 2.3 billion metric tons of waste, contributing about 5% of GHG emissions worldwide. The damages now extend beyond just GHG emissions to issues like microplastic consumption, degradation of aquatic life, and flooding, among many other challenges. The problems can be summarized under:

• Collection and recovery of waste

• Funding for research, recovery, and scaling of businesses

• Governance and policies around waste management

• Digital Measurement Reporting and Verification

Solution

We have four core elements of the protocol, which are highlighted below:

• The Marketplace addresses the issue of waste recovery and collection from households and businesses.
• The Wasset token creates a unified open reward system for users to reward positive contributions and also incentivize existing players in the space.
• The Wasset DAO will bring together players and regulators on policies, research, and funding innovation for impact scaling.
• The Wasset Oracle helps resolve the issue around dMRV for waste using AI and decentralized storage technology.

Wasset Marketplace

The marketplace connects different individuals in the waste value chain to encourage the commodification of waste through the exchange of recyclables. The illustration below shows how this works.

Beyond promoting the exchange of recyclables and aiding in the collection of waste, the marketplace also provides a platform for individuals to shop for eco-friendly products made from waste, promoting a fully circular waste economy. Through the marketplace, different players exchange value and are rewarded based on the quantity or value of material they process.

Impact Made

Since we started and launched our marketplace

• We have recovered and processed over 14 tonnes of plastic preventing millions of bottles from ending in the ocean or landfills
• We onboarded over 10 local businesses, including local collectors, recyclers, and restaurants
• We currently operate a local processing facility where we process recyclables mostly PET plastic, cartons and Soda cans, creating job opportunities for over 10 individuals

Impact beyond rewards and incentives

Beyond marketplace rewards and incentives, we have created utilities that extend the value of the marketplace to our users, which include:

• Pay for internet subscription
• Pay electricity bill
• Buy airtime
• Buy giftcard for loved one

Moving forward, we are working towards scaling what we've built. Through your support, we can ensure more businesses can keep innovating while creating global opportunities for those involved.

The Team

We have a diverse team of individuals ranging from engineering to management.

Founders

• Boyejo Oluwafemi

• Oyeniyi Abiola

Core developers and contributors

• kenzo (Operation manager)

• FM (Product designer)

• Bassit (Backend developer)

• Jomoflash (DevOps engineer)

• Ray King (Mobile application developer)