Shiva Jaya Chain, a transformative L1 blockchain project, has emerged to combat the critical issue of plastic pollution by harnessing the capabilities of blockchain technology. In this blog post, we’ll explore the background, goals, and specific features of Shiva Jaya Chain.
Background:
The 21st century has witnessed an alarming surge in plastic consumption, leading to severe environmental repercussions. Despite its widespread use for being lightweight, durable, and cost-efficient, the prolonged decomposition period of plastic (700-1000 years) poses a significant threat. The accumulation of plastic waste in oceans, beaches, and natural ecosystems results in air and water pollution, endangering marine life. Shiva Jaya Chain acknowledges the urgency of addressing this issue and proposes a solution through collaborative efforts.
Project Overview:
Built on the Cosmos SDK, Shiva Jaya Chain presents a decentralized blockchain platform with modules designed to contribute to the Circular Economy. The Circular Economy model focuses on the reuse, regeneration, and recycling of existing materials to sustainably support production.
Key Modules:
Proof of Existence:
Ensures data immutability through hashing and time-stamping.
Prevents retroactive changes to data stored on the blockchain.
Plastic Credits System:
Incentivizes plastic clean-up efforts by issuing digital units (plastic credits) to individuals or organizations.
Credits are listed on the Shiva Jaya Portal, where buyers can purchase them with supporting documentation, rewarding the cleaning team and contributing to a cleaner world.
Deposit Schemes:
An upcoming module allowing users to create incentivized schemes and projects for plastic collection based on predefined rules deployed to the smart contract on Shiva Jaya Chain.
Tokenomics:
Shiva Jaya Chain introduces its native utility token, $JAYA, to facilitate governance, transaction fees, dApps interaction, validation, and staking across the ecosystem. The initial token emission is set at 200 million $JAYA, distributed as follows:
Shiva Jaya Team: 7.5%
Shiva Jaya Long-term Lock-up: 7.5%
Community Growth: 20%
Presale: 10%
Perma-locked Impact Staking: 5%
Waste Ecosystem Incentives: 25%
Usage Incentives & Airdrops: 25%
The total token supply will reach 1 billion $JAYA over 12 years (~66.6 million per year).
Technology and Testing:
Shiva Jaya Chain utilizes a Proof of Stake (PoS) mechanism for processing transactions and creating new blocks. Validators play a crucial role in ensuring security, consensus, and governance. The ongoing Stress Test on the TestNet involves community participation in running nodes to assess the network’s robustness under intensive transaction loads.
Conclusion:
Shiva Jaya Chain’s mission is to make a positive impact on the environment by providing a digital platform with blockchain-powered modules. These modules aim to contribute to a sustainable Circular Economy model, directly addressing the challenge of plastic waste. As the project progresses, it seeks to empower individuals and organizations to actively participate in creating a cleaner and greener future. Save the Earth — empower the future with Shiva Jaya Chain!
I feel that I never was a greater artist than now. When, while the lovely valley teems with vapour around me, and the meridian sun strikes the upper surface of the impenetrable foliage of my trees, and but a few stray gleams steal into the inner sanctuary.
I feel that I never was a greater artist than now. When, while the lovely valley teems with vapour around me, and the meridian sun strikes the upper surface of the impenetrable