To me, blockchain is really the foundation of trust. It’s a trust stamp, it’s a trust tool, and it really provides that unlimited trust to just let us grow and adapt as needed.

Shaun Frankson, Co-Founder and Chief Technology Officer, Plastic Bank

Business Challenge

The problem of plastic pollution in the world’s oceans has gained increasing visibility of late. Eighty percent of ocean plastic starts on land in developing countries. Plastic Bank's solution to stop ocean plastic also focuses on alleviating poverty by making plastic waste a currency.

Transformation

To create its platform, Plastic Bank turned to IBM that shares its socially conscious values. Their work humanizes the benefits of IBM Blockchain, Hyperledger Fabric, LinuxOne and IBM Cloud, and has expanded to four countries: Brazil, Haiti, Indonesia and the Philippines

Solution Category

  • Blockchain