Quote from: 4new on November 10, 2017, 09:26:09 AM

Quote from: 4new on November 10, 2017, 09:25:02 AM

Quote from: rehydrogenated on November 09, 2017, 05:15:14 PM

Hello!

I think you are very ambitious to try and have the biggest ico ever. You have a really great team. I would like to see the idea flushed out a little better. Like I can't quite understand the direct connection between a waste to energy facility (which is something I want to support) and the blockchain.

I do like how I've already gotten responses from active team members! I think you have a great opportunity and a hope your project is successful at both having a high price and achieving your goals of a greener future!

Good luck dev team!

In the Waste and Energy industry, there are a number of transactions that occur with cash. Consequently, this opens up opportunities for fraud. The more fraud that occurs, the higher the losses to owners. These losses get passed down to end consumers in the form of higher costs. 4NEW blockchain integration will eradicate fraud in transactions, thereby enabling greater price efficiency.

Waste management and energy industries both tend to be laggards in terms of adapting to new technologies. The waste and energy industries are also extremely fragmented. Most operators comprise of mid-market facilities and tend to be specialists in locales they operate in. These operators represent approximately 50% of the waste collected and treated in the UK alone.

In addition to very thin profit margins, they also suffer from immense cash dependency as their primary source of receivables. Consequently, revenue and cash management cycle is often an integral part within a companys revenue cycle management inhibiting scalability of the business.

Inefficient and unreliable revenue cycle management leads to turbulent cash flow which can further cause employee turnover and lack of productivity.

The 4NEW decentralized, distributed ledger is where all actors in the industry will be able to trade for waste and energy transactions, using the 4NEW Coins as the currency. The 4NEW coins are utility tokens with smart contract capabilities built in. The coins are smart contracts which establish a binding relationship between transacting parties and provide a value for each transaction.

The ledger provides an immutable and audit-able journal of all transactions related to purchase and sale of energy and waste. With all parties to each transaction being able to see the same ledger entry, costs of reconciliation and potential issue of disputes and revenue leakage are controlled to a very large extent.

This will standardize two industries that are yearning for technological innovation. This will also enable 4NEW Coin to become the global currency between peers and consumers for all energy and waste services.