Why can’t ocean plastics be used to create currency?
Currency is gradually becoming obsolete as people are moving away from physical cash, but it is unlikely to disappear entirely anytime soon. Plastic currency, which is used in many countries, contains a significant number of security features to prevent counterfeiting, which is what increases the cost of producing currency. Instead of using traditional materials for currency, we could consider using ocean plastics, which are currently collected and often end up in landfills due to a lack of demand and high collection costs. If we were to use ocean plastics for currency, the various types of plastic in varying concentrations would serve as a way to authenticate currency, and we would not need additional security measures.
As the plastic paper is painted, we can omit to paint certain spots or microdots. These microdots will be basically transparent patches on these bills. Since each bill will have a different combination of different plastics obtained from the ocean, the microdots will reveal the unique composition of the plastic. This will be a unique identity associated with a specific serial code. Storing scans of these microdots alongside their serial number on a blockchain server will help us authenticate the currency literally to the dot. This will make counterfeiting a lot harder and provide a sustainable use of ocean plastics.
Using ocean plastics for currency would be an effective way to eliminate plastic waste, and since countries are already investing money in collecting ocean plastics, it makes sense to cut the cost of acquiring paper and use this material instead. This currency could be introduced into the market on large bills, which are typically used for money laundering, and a smaller number of large bills could be printed as an appropriate way to begin such a trial. This more advanced currency with individual verification could enhance the security of large bills and potentially even make currency trackable.
Proposed strategy:
1. Utilize ocean plastics to produce large currency bills.
2. While printing currency, incorporate transparent microdots (unpainted dots) onto the bills at specific intervals.
3. Store images of these microdots associated with the serial numbers in a blockchain database.
Benefits:
1. Significant cost savings by eliminating paper expenses, security measures, and recycling ocean plastics.
2. Prevention of large bill counterfeiting through secure blockchain microdot image storage for bill verification.
3. Effective collection and recycling of ocean plastics.
4. Increased environmental sustainability by reducing ocean pollution and reusing damaged bills
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