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EnergyWorks Pioneers Dual Solutions for Plastic Waste and Fuel Emissions

Posted by Paul Nanuwa at 3:38 PM on Wednesday, June 12th, 2024

Introduction

As global environmental challenges intensify, innovative solutions are emerging at the intersection of waste management and renewable energy. EnergyWorks, a wholly-owned subsidiary of MetaWorks Platforms, Inc., is at the forefront of this movement, converting plastic waste into diesel fuel through advanced chemical processes. This development not only addresses the critical issue of plastic pollution but also provides a cleaner alternative to fossil fuels. EnergyWorks’s recent partnership with EnergyFX, LLC, underscores its commitment to commercializing this groundbreaking technology by Q4 2024, positioning the company as a key player in the GreenTech sector.

Industry Outlook and EnergyWorks’s Trajectory

The global push towards sustainability has catalyzed advancements in both waste management and renewable energy. The recent breakthrough by scientists at the U.S. Department of Energy’s Ames National Laboratory, which converts plastic waste into diesel, exemplifies this trend. EnergyWorks is well-positioned within this trajectory, leveraging similar technologies to transform plastic pollution into valuable energy resources. This alignment with industry advancements highlights EnergyWorks’s potential to significantly impact both the environment and the energy sector.

Voices of Authority

Aaron Sadow, a leading scientist at Ames National Laboratory, emphasized the urgency of addressing plastic waste and energy issues holistically. “By looking holistically at energy and fuels, chemicals and materials, and their natural supply, we can design sustainable solutions for our plastic waste and energy problems,” he stated. This sentiment echoes EnergyWorks’s strategic direction, as articulated by MetaWorks President Scott Gallagher. “The amount of plastic that is ending up in the ocean is just shocking and needs to end,” Gallagher remarked. “We look forward to building a sustainable and profitable business together that addresses this massive problem of plastic waste in the US.”

EnergyWorks & MetaWorks’ Highlights

EnergyWorks specializes in converting plastic waste into high-quality diesel fuel. Formed to tackle the mounting global plastic waste crisis, EnergyWorks leverages advanced technology to transform non-recyclable plastics into valuable energy resources, contributing to both environmental sustainability and energy efficiency.

Focus on Sustainability:

  • EnergyWorks is dedicated to reducing plastic waste and promoting cleaner energy alternatives. By converting plastic waste into diesel fuel, the company addresses both environmental pollution and the need for sustainable energy sources.

Leveraging Advanced Technology:

  • Utilizing cutting-edge pyrolysis and catalytic conversion processes, EnergyWorks transforms plastic waste into valuable diesel fuel. This technology is more efficient and environmentally friendly compared to traditional methods of fuel production.

Active Partnerships:

  • EnergyWorks has partnered with EnergyFX, LLC, a company with over 25 years of operational and environmental experience. This collaboration ensures efficient site operations and robust business model economics as EnergyWorks prepares for the commercialization of its first waste-to-energy project.

Scalability:

  • The company is gearing up for the commercial launch of its waste-to-energy project by Q4 2024. EnergyWorks is also in discussions with several potential site locations and feedstock providers, indicating a strong growth trajectory and scalable business model.

Holistic Impact:

  • By addressing the twin issues of plastic waste and fossil fuel dependency, EnergyWorks creates a holistic environmental impact. The company’s solutions not only reduce the volume of plastics in landfills and oceans but also provide cleaner-burning diesel fuel, which benefits various industries and contributes to a more sustainable future.

These achievements underscore EnergyWorks’s commitment to creating sustainable and scalable solutions for global environmental issues.

MetaWorks Platforms has been recognized as an award-winning technology company, highlighting its excellence and leadership in the Web3, AI, and GreenTech spaces. This recognition underscores the company’s commitment to delivering high-quality, impactful solutions.

The company stands tall as the recipient of the Eco-System Excellence – NFT Platform Award. In addition to being award winners…. MetaWorks pioneered the first-ever NFT as a movie with “Zero Contact.” With over a staggering $1.8 million in revenue for 2022, it is far more than a player; it’s a metaverse innovator and diesel fuel creator.

Real-world Relevance

EnergyWorks’s contributions extend beyond technological innovation, impacting everyday life in tangible ways. By transforming plastic waste into clean diesel, the company addresses two major environmental concerns: plastic pollution and fossil fuel dependency. This dual solution not only reduces the volume of plastics in landfills and oceans but also provides a cleaner alternative to traditional diesel fuel, benefiting industries that rely heavily on diesel power, such as transportation, manufacturing, and agriculture.

Looking Ahead with EnergyWorks

EnergyWorks is poised for significant growth as it moves towards commercializing its waste-to-energy technology. The company’s forward-looking goals include expanding its operational footprint, establishing new partnerships, and continuing to innovate in waste management and renewable energy. This optimistic industry forecast, supported by advancements like those at Ames National Laboratory, positions EnergyWorks as a compelling participant in the broader push towards sustainability.

Conclusion

EnergyWorks stands at the nexus of environmental sustainability and energy innovation, offering promising solutions to some of today’s most pressing challenges. As the company prepares for commercialization and further expansion, EnergyWorks’s achievements and future prospects make it a noteworthy contender in the GreenTech sector, poised to drive significant environmental and economic impact.


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IP and the Blockchain revolution

 

A revolution that turns the fickle Internet of information into a secure Internet of value is upon us — and it’s made in Canada

  • A blockchain is a peer-to-peer transactional network for anything of value, whether stocks, money, music, diamonds, carbon credits, or even intellectual property
  • Rather than a single intermediary like a bank or government keeping records in a proprietary ledger, a distributed network of computers works to verify transactions, with the results recorded in a shared ledger that anyone in the network can access and no single entity can hack.

November 21, 2018
2:25 PM EST

Alex Tapscott

Canada has a rich history of innovation, but in the next few decades, powerful technological forces will transform the global economy. Large multinational companies have jumped out to a headstart in the race to succeed, and Canada runs the risk of falling behind. At stake is nothing less than our prosperity and economic well-being. The FP set out explore what is needed for businesses to flourish and grow. Over the next three months, we’ll talk to some of the innovators, visionaries and scientists on the cutting edge of the new cutthroat economy about a blueprint for Canadian success. You can find all of our coverage here

Back in March, amid threats of tariffs, the Trump administration put Canada on its 2018 “Priority Watch List” of trading partners with “the most onerous or egregious acts, policies, or practices” around intellectual property rights. Among U.S. grievances were allegations of ineffective policing of online piracy and inaction against digital pirates. But this blustery rhetoric misses the point: Canada’s IP policies and practices are not the problem.

The real problem is the technology itself. The Internet renders stronger laws and government enforcement insufficient and ultimately futile. The first era of the Internet — the Internet of information — effectively broke the IP property regime because it made copying digital assets easy. Consider music: Once real assets delivered on a physical medium like a compact disc or vinyl record, songs have been run through the Internet’s copier until their marginal value neared zero. Labels lost money, artists lost their livelihoods.

Yes, the Internet is a powerful tool that has transformed how we share and access information and how we communicate. But it’s also the ultimate bootleg press, peep hole on all things private and costume closet for identity thieves. The upshot  is that now the only artists consistently making money are the con artists.

Fortunately, rather than yet another regulation or tougher prosecution — which become barriers to entry for individual artists, inventors and start-ups — there is now a better deterrent to counterfeiting, fraud and IP theft: it is the blockchain, the technology behind cryptocurrencies like bitcoin.

A blockchain is a peer-to-peer transactional network for anything of value, whether stocks, money, music, diamonds, carbon credits, or even intellectual property. Rather than a single intermediary like a bank or government keeping records in a proprietary ledger, a distributed network of computers works to verify transactions, with the results recorded in a shared ledger that anyone in the network can access and no single entity can hack.

Bitcoin was the first breakthrough. It demonstrated the creation and preservation of digital scarcity through cryptography and clever code, transforming a highly fickle Internet of information into a secure and permanent Internet of value.

But cryptocurrencies were just the beginning. Not only can we record and verify clear ownership of IP rights, we can use smart contracts — software that mimics the logic of a business agreement, incentivizes performance, and executes deal terms — to activate these rights and maximize their value, all the while complying with regulations and enforcing trade agreements.

There are implications for core Canadian industries, such as manufacturing, technology and medicine that rely on patents and industrial designs; mining and agriculture benefiting from geographical indicators; and music and film depending on copyright.

Patents and product design

Consider how the company Moog leverages its industrial designs on a blockchain. Based in New York, Moog is an aircraft precision part manufacturer operating in a highly regulated industry. It counts the U.S. Department of Defense, Airbus, Boeing and Lockheed Martin among its customers. Any counterfeits in its products, inefficiencies in its supply chain, or violations of IP rights can delay missions, compromise critical systems and endanger lives. So Moog has worked with a Canadian technology platform, the Aion Foundation, to create a blockchain that reduces complexity and increases the integrity of its supply chain by tracking and recording every action of its partners. Moog has also placed such intangible assets as design files and licences in smart contracts: for each download of a design file, the IP rights holder instantly receives a royalty. These transactions are timestamped on the shared ledger, making IP audits easier. Similar systems would benefit Canada’s industrial and manufacturing sectors as well as its digital companies.

Provenance and geographical indicators

The Kimberley Process has reduced the trade of blood diamonds by requiring diamond-mining countries to certify that their exports are conflict-free. However, the largely paper-based certification process is rife with corruption, forgeries and inefficiencies, so that compromised diamonds continue to enter the supply chain. To close the gap, a London-based company called Everledger is using blockchain and other emerging technologies to create a global digital ledger for diamonds. Producers, consumers, insurers and regulators can use this shared ledger to track the flow of individual diamonds through the supply chain, from the mines to jewellers. Incorporating blockchain into the diamond supply chain also minimizes insurance fraud. The value of verifying authenticity, provenance and custody through blockchain obviously holds for a wide range of items — from Canadian rye whiskey to paintings.

Copyright

Anyone who follows the music industry knows of the tussles between artists and those who rely on their creative output. The traditional food chain is a long one. Between those who create the music and those who pay for it are online retailers (Apple), streaming audio (Spotify), video services (YouTube), concert venues, merchandisers, tour promoters (Live Nation), performance rights organizations (PRS, PPL, ASCAP, BMI), the labels (Sony, Universal, Warner), music producers, recording studios and talent agencies, each with its own contract and accounting system. Each takes a cut of the revenues and passes along the rest, the leftovers reaching the artists themselves six to 18 months later per the terms of their contracts. Before the Internet, a songwriter might earn US$45,000 in royalties for a song that sold a million copies. Now that songwriter might earn only US$35 for a million streams.

Ethereum inventor Vitalik Buterin in Toronto. Some of the world’s most successful blockchain projects — Ethereum, Aion, and Cosmos, to name a few — were started in Canada. J.P. Moczulski for National PostImagine instead a world where artists decide how they’d like their music to be shared or experienced — simply by uploading a verified, searchable piece of music and all its related content online. Through the triggering of smart contracts, a song could become its own business, collecting royalties and allocating them to the digital wallets of rights owners such as songwriters and studio musicians. Artists and other creators would get paid first and fairly, rather than last and least.

Soon it will be possible to manage, store and exchange any digital asset using this technology — from patents to carbon credits to our personal health data.

Even better, blockchain is a made-in-Canada story. Some of the world’s most successful blockchain projects — Ethereum, Aion, and Cosmos, to name a few — were started here. Canada’s culture of innovation, openness and entrepreneurship allowed them to flourish. Now we can harness this technology to strengthen other industries and ensure that Canada’s intellectual capital is not only protected but allowed to thrive.

Alex Tapscott is the co-founder of the Blockchain research Institute and co-author of Blockchain Revolution, now translated into 15 languages. He is also an active investor in blockchain companies and projects.

Source: https://business.financialpost.com/technology/in-the-blockchain-economy-intellectual-property-will-be-obsolete