About Wasset

  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

• Google Store: https://play.google.com/store/apps/details?id=com.wasset.marketplace
• Apple Play Store: http://apps.apple.com/ng/app/wasset/id6473405088

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 beyond rewards and incentives

Beyond marketplace rewards and incentives, we have created utilities that extend the value of the marketplace to the following for users by providing:

• Access to microinsurance (UBHI) service using their waste (recyclables) for a premium subscription
• Access to microcredit payable using their waste over a stipulated time. User can easily access the credit by staking their NFT (live here: https://opensea.io/collection/wasset-og) as collateral and paying back using the token earned from selling their waste on the marketplace.
• Access to the lottery program
• Voting and participation in DAO governance

The Team 

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

Founders

• Boyejo Oluwafemi (CEO & COO)
• Oyeniyi Abiola (CTO)

Core developers and contributors

• Oracle (Blockchain developer)
• kenzo (Operation manager)
• FM (Product designer)
• Bassit (Backend developer)
• Jomoflash (DevOps engineer)
• Ray King (Mobile application developer)
• Badascript (Frontend developer)