They create token to propitiate cleaner streets in San Francisco

In the last five years, the incidence of human depositions in the streets of San Francisco, in the USA. The USA, one of the most populous cities in the world, has tripled to 3,000 incidents per month, which poses a growing health problem. Therefore, a team of developers of the Universal Market Access Protocol (UMA) created the Poop Token. It is an asset of the ERC-20 standard that tracks the number of waste sighted in the streets, using an official database. The tokens can now be purchased at Uniswap.

According to a publication describing the project, the Poop Token emerged as a response to the problem of public defecation in the streets of San Francisco, caused mainly by the increase in homelessness. The asset was conceived in the ETHWaterloo, held between November 8 and 10, a hackathon that encourages developers to collaborate in the construction of decentralized applications on Ethereum.

Hart Lambur and other developers, specified the idea of ​​Daniel Que and Tyson Battistella de Coinbase, creating the token project whose prices are based on data recorded in the local service known as SF311, which in 2018 reported more than 28,000 calls to report deposition cases scattered throughout San Francisco. In any case, when the number of waste increases, the token price also increases. On the other hand, the price of the asset decreases, as the city looks cleaner.

In the descriptive publication of the project, the developers admit that it is possible that the token can create an economic incentive for people to promote the act of defecating in public and aggravate the problem. However, they believe that laws and social customs will prevent this from happening. In fact, Lambur suggests the possibility of using crypto assets to encourage authorities to improve the quality of public services.

Also in the publication suggests that the concept can be applied to other similar contexts, such as that the Metropolitan Transit Authority, responsible for the entire New York Metro system, could issue crypto assets that compensate for subway delays. Likewise, airlines could issue assets that track flight delays and so on.

The proposal to compensate users, customers or citizens is new when companies or governments do not keep their promises. However, there are similar ideas in which cities would grant rewards to their inhabitants for their good behaviors in order to improve the quality of life in those spaces. As, for example, the case of the city of Belfast, capital of Northern Ireland, where a plan to launch its own cryptocurrency began. The token, simply called Belfast Coin, allows people to be encouraged in exchange for activities such as shopping at local businesses, volunteering, civic activities and more.

Source: Criptonoticias

Disclaimer: This press release is for informational purposes information does not constitute investment advice or an offer to invest. The views expressed in this article are those of the author and do not necessarily represent the views of infocoin, and should not be attributed to, Infocoin.

You may also like...