4NEW

Today I want to introduce you to a very interesting ICO project - 4NEW.

Going to the site of the project, we see impressive funds collected for the ICO - and this is more than $ 30 million, while the ICO will last until December 15.

What attracted this project to investors? You will find out about this after watching our video review on.

What exactly is the project?

4NEW is the world's first environmentally friendly solution to the problem of recycling waste into energy, based on the blockbuster.

The 4NEW project will produce a coin that will serve as a "coin as a service" for industry partners, consumers and early users. This will be a decentralized, integrated open source blockbase platform that facilitates the exchange of transactions between business and business (B2B), business and consumer (B2C), and consumers (C2C) related to waste and energy markets.

The issue of waste has now become a serious issue for our planet. People create a large amount of waste that consumes a lot of energy for recycling so that we can maintain a modern quality of life. The lack of large-scale solutions led to the introduction of innovative technologies in this sector. That's actually 4NEW wants to offer its idea in the embodiment of these important processes.

Wastes will be collected either from households or from waste aggregators. Then they are burned at the 4NEW plant, creating steam that rotates the turbines, and they generate electrical energy. The 4NEW supply chain is to develop the energy with which waste disposal processes will occur - that is, a kind of closed cycle. Also electricity can be sold back to the end customer or the national network.

Probably everyone is interested in the question - how will the blocking system be applied to the 4NEW supply chain?

Waste and energy industries are extremely fragmented and tend to be behind when it comes to adopting new technologies. In addition to this, the profit level is very small. Branch partners also suffer from huge monetary dependence as the main source of accounts receivable. Ineffective and unreliable management of revenue cycles leads to a large loss of cash, which may further lead to a deterioration in performance and a lack of adequate productivity.

The decentralized register of 4NEW is a place where all participants in the industry will be able to carry out transactions for processing waste and energy using coins 4NEW as a currency. Coins 4NEW represent tokens with the possibilities of smart contracts. Coins are smart contracts that establish mutual relations between transaction participants and ensure the value of each transaction. The register is an unchanged and verified log of all transactions related to the purchase and sale of energy and waste. This process will enable 4NEW coins to become a global currency between producers and consumers for all energy and waste services.

4NEW Limited is the world's first integrated waste disposal plant for energy. 4NEW will revolutionize the waste and energy sectors, offering services as a wholesaler in the utilities sector, which is fully integrated into an open source that has the possibility of decentralized public exchange, allowing consumers and industry aggregators to make payments through the 4NEW coins in the 4NEW ecosystem.

The project itself is designed to be implemented in the UK. On the site and in the technical documentation you can get acquainted with the Road Map of the project and the stages of its development.