Through blockchain, Empower aims to take Norway’s native plastic exchange system global
Wilhelm Myrer got the idea to combine blockchain and recycling after a chance meeting at a party in Oslo in January. He had been working on a blockchain-based alternative to a traditional bank account for some time, after learning that the technology could eradicate the high fees banks charge customers for wire transfers. But every time he described his idea to someone new, he came up against the same obstacle.
“We were at an accelerator and people were asking why they would have an account outside the bank, when the bank was so safe,” Myrer says over coffee at Mesh, a co-working space in central Oslo. He used to tell people that blockchain alternatives were even safer than banks and cheaper, since blockchain records transactions without the need for one central institution. But people scratched their heads. He began to think that the idea needed to be about more than money…read more.