From EcoMarket & company end
- We have companies that have a dashboard
- The company makes offers and locks TRX or USDD in escrow
- EcoMarket manages the escrow account and uses it so service dropoffs
- All companies’ offers (as long as they are of the same scrap type) are collated into one dropoff request listed on the EcoMarket platform.
- E.g. if 10 companies each want 10kg of PET plastics in a specific location, on the EcoMarket platform, people will see a request for 50kg of plastics in that location.
- When an individual drops off, an EcoMarket staff then assigns the dropoff to a specific company’s offer.
- Once the dropoff has been assigned to the company’s offer, the company sees the delivery progress relative to their request.
- They also see the dropoff details (pictures, weight, QR code, etc) which have been recorded on-chain.
- The escrow balance reduces immediately once dropoff is assigned to the company’s request.
- The company trusts EcoMarket so there is little need for dispute management.
For individuals
Cash Transfer mode
- The individual finds out about EcoMarket from sensitization or word-of-mouth
- Goes to dropoff center and drops off plastics
- Weighs plastics
- The weighing machine is connected to a Raspberry Pi which shows the value & weight of their dropoff
- EcoMarket staff scans the QR code for them with our staff app & takes a picture of the dropoff.
- After being recorded on-chain, EcoMarket staff gives them the equivalent amount in cash
- EcoMarket staff also educates them about the app
Digital Transfer mode