Microsoft on Tuesday, June 15, announced it recently partnered with Filipino plastic credit non-profit – Plastic Credit Exchange – to develop a blockchain registry for transactions.
(Photo courtesy of Rappler)
Plastic credits are credits which corporations can buy to offset their plastic footprint. A plastic credit organization, for instance, can collect a ton of trash plastic, and offer that as a certain amount of plastic credits that can be counted against a corporation's plastic footprint.
Plastic credits are seen as a way for corporations to offset the plastic waste from products whose plastic footprints can longer be decreased. The cash earned from the plastic credits bought by a corporation can then be used to fund more plastic cleanup drives and other programs.
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