Recycleforlife is revolutionizing the traditional recycling industry and bringing a new look to it. This it intends to do through the introduction of a network where recyclers can host, and complete a recycling event. The Recycleforlife network will be integrating the blockchain technology to bring all this to pass and give recyclers a seamless experience. Blockchain technology has served as a saving hand to many establishments over the years this is because it has propelled many businesses to scale through due to its trustless nature and its ability to serve as a P2P mode of payment and data security. Blockchain technology has also to a large extent revolutionized agreement between two persons through the use of smart contracts and each person keeps to their ends because the smart contracts to execute the agreements between both parties once a given parameter is reached.
When a waste is recycled and it is approved, the payment is automated due to the smart contract upholding the Recycleforlife network. Recycleforlife network is removing middlemen in payments and making a direct payment using cryptocurrency. This is because of the blockchain technology as well which has introduced a trustless process of payment where there are no middlemen involved. Recycleforlife network is as well providing the evryone who will use the platform with the opportunity to have a more secure experience all due to the numerous benefits of the blockchain technology.
Recycleforlife network platform being built on the blockchain technology has decentralized the network and made it borderless. Anyone is free to recycle waste from their homes while waiting for the covid-19 pandemic to end. Recycleforlife network will ensure that recyclers data stays safe and as well remove human errors as seen in handling data in the traditional system where there are numerous human errors when handling data.
Recycleforlife network will be accessed through the Recycleforlife token RFL which is an ERC-20 token. This token is a utility token which will be used as an access tool in the Recycleforlife network. RFL will be used as a payment gateway and also serve the purpose of incentivization.