Please describe your proposed solution.
===== Project Summary ======
In the “Problem statement”, we do not have enough space to describe our idea so we will make it more clear in this part.
Cardano's mission of "Making The World Work Better For All", will not stop at the slogan but also go into more practical issues and real-life projects as well as global issues including environment, waste, carbon emissions, green energy, and food.
The project “The Cardano say no plastic straws” will fulfill a part of Cardano's mission. It proposes a solution for the plastic waste problem caused by plastic straws, which are having bad impacts on the global environment, especially the marine environment.
Plastic straws seriously affect marine life by contaminating plastic molecules into the seafood that we are catching and eating every day.
Everyone might still remember how the sea turtle was killed by plastic straws as demonstrated in this youtube video __
<https://www.youtube.com/embed/4wH878t78bw>After watching those images, we were really touched and immediately warned ourselves of daily activities with plastic waste.
It also reminds ADA holders like us to take responsibility for critical environmental issues around us.
Luckily, we found that natural grass straws can be a perfect alternative to plastic straws that we are using at home, in restaurants, etc…
Together with Cardano's vision that IOHK and the Catalyst community are aiming at “Making The World Work Better For All”, our slogan is “For Future, Save Earth Together !”
We discovered a natural grass straw field in the Mekong Delta – Asia and it was proof that this type of sedge grass is suitable for making straws to replace the current plastic straws that we are using.
Nature has favored this land so that Co bang (Lepironia articulata) grass can grow wildly. If you go there, you will see that it is wonderful.
<u>Natural grass straw characteristics:</u>
Why should we use co-bang (lepironia articulata) straws?
Characteristics of Co Bang (lepironia articulata) straws. Why should we use natural straws?
• No dyes.
• 100% natural and environmentally friendly.
• Biodegradable, re-composted as fertilizer for plants.
• Made of natural grass material.
• Durable and flexible.
• No chlorine chemicals.
• Single-use and biodegradable straws.
• Quickly regenerated material areas, in which it takes Co bang (Lepironia articulata) only 7-10 months to grow and be harvested.
• No plant preservatives, due to growing in an acidic alum water environment, Co bang (Lepironia articulata) is immune from pests and parasites.
• Reduction of CO2 emission and plastic waste, water, and marine pollution.
What is the value this project brings to the Cardano community?
The project connects the values of technology and life associated with the Cardano ecosystem, creating value for a civilized community and promoting global sustainable values.
In addition, the project resonates with Cardano's vision value, it directly improves the lives of farmers in the area of grass straws.
Europe, the US, and Japan are expected to completely ban plastic straws in the near future 2023. That is a huge source of customers that we want to serve, to meet the demand for grass straws to replace plastic straws.
So that project is a great choice for us at this point. Those who pay ADA for the purchase of the project's natural grass straws will benefit even more, which helps promote ADA liquidity.
Using ADA to pay for environmentally friendly products is a great idea that will inspire other people to work on new eco-friendly products.
Please describe how your proposed solution will address the Challenge that you have submitted it in.
===== Proposed Solution in this project =====
1/ Production:
Exploiting natural grass areas along with planting and developing new grass areas as materials for making grass straws: We plan to use 7-8 months-old sedge plants to make straws.
Furthermore, we will rent land for grass cultivation to develop sustainable material areas
2/ Labor:
Hire local people to join our project in growing ingredients, harvesting, and producing
3/ Marketing:
Build sales and marketing channels through product website or Facebook or launch product advertisements is well-known E-commerce sites such as eBay, Amazon
4/ Export
Besides the domestic market which aims to serve individuals, restaurants, and beverages companies, we also plan to
promote exports to other countries such as the US, Europe, Japan, and Korea where plastic straws will completely be forbidden in 2022.
5/ Reinvestment:
Profits from commercial activities will be further invested in: increasing the cultivation area, increasing the straws production volume and export orders, and hiring more farmers which contributes to boosting the area’s economy.
6/ Payment method:
We will now accept payments in cash and ADA crypto. ADA users will receive a 20% discount at the time of purchase compared to paying with fiat currency. In the future, we will only accept ADA money for the purchase of grass straws on our online store.
7/ Project website: www.peagreen.global
8/ Meaning of the project:
- Driving the acceptance of ADA in real-life activities
- Create more jobs to boost the local economy
- Reduce the use of plastic straws which leads to the reduction of plastic waste dumped into the natural environment in general and in particular ocean environments for aquatic creatures.
- Create a green environment by the constant increase of tree planting areas to help reduce CO2 emissions.
- One more contribution of the project is using cryptocurrencies to create sustainability for the global future, which drives more acceptance of cryptocurrencies including Cardano in society.
KPIs
This innovative idea hasn't been mentioned in any of the other challenges from F2 until now and we use the below KPIs to measure the progress of this project.
- The number of areas where raw materials (Lepironia articulata grass) are grown.
- The number of local workers to be hired.
- The number of grass straws produced.
- The number of products consumed and replaced by plastic straws on the market.
- Amount of ADA paid for buying grass straws
- The number of ADA wallets participating in the payment.
- Other indicators that are difficult to measure such as the positive impacts on the environment, reduced amount of plastic straw waste as well as the number of green grass areas planted.
- Global marine environment and straw user consciousness.
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
===== Risk Management =====
Risk:
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In the long term, due to climate change, the Mekong Delta in Asia will be affected by drought and salinity as well as hydroelectric dams built by China and Cambodia that have blocked the natural flow, making water scarce, which will affect the development of the raw material area. It is also a global issue due to human's excessive impact on the natural environment causing a change in both plant and animal habitats.
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The price of natural grass straws is higher than plastic straws. Furthermore, the plastic straw ban is still limited to a few developed countries
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The cryptocurrency price fluctuation might make the project underfunded.
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The covid-19 epidemic makes a disruption in the export and shipping chain, which might lead to a long shipping time to deliver the final product to overseas clients.
Solution:
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Regarding climate change due to drought and salinity, we propose the following solutions:
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Digging natural water reservoirs, storing water for cultivation.
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Maintain and protect the new raw material area to cope with changes in the natural environment.
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Exploiting and discovering new raw material areas that have not been affected by climate change.
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In the future, we will do experiment with varieties of plants that can adapt to new weather and soil conditions
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Digital market price fluctuation: Our solution accepts the payment in both cash and ADA. When ADA price is volatile, there should not have negative effects on our current business.
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Regarding the Covid-19 epidemic: It is an undeniable fact that Covid-19 is having a very bad impact on the supply chain and production. However, the supply of natural grass is abundant, and we are proactive in planting the grass ourselves.
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Furthermore, with the increase in the number of vaccinated population as well as the adaptation to the new business model during the covid crisis, we believe the supply chain will soon be restored.
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Finally, as we have a good team with experts in IT, eCommerce, innovative startups, and automation in manufacturing, we are confident that we will be able to adapt our business model to cope with the covid-19 crisis.
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We admit that the price of natural grass straws is still more expensive than plastic straws. In the future when we can have our raw material area and introduce more automation in a manufacturing line, the cost will certainly decrease. In addition, the most important thing for us today is to have a both sustainable and environment-friendly economy.
Cryptocurrencies should be used to pay for things that provide benefit to both society and the environment, which is a mission of Cardano blockchain.