Waste management is a huge problem in India, but blockchain solutions can be of massive help. Crypto payments specialist Nukkleus Inc (OTCMKTS:NUKK) will jointly work with Polygon and Grassroots Economics to give Bollant Industries in Hyderabad, India, access to a Blockchain community grant for the waste management supply chain.
Nukkleus possess multi-asset technology that drives sustainable ESG initiatives, while delivering profitability as well. The company is approaching thought leaders from the crypto landscape, to support blockchain projects. These will back fully democratized payment systems, while empowering communities and bridging the digital gap.
Bollant Industries manufactures biodegradable products, packaging solutions, and eco-friendly paper. They are also suppliers of home-care merchandize, printing inks, organic cutlery-ware, and adhesives. It has been founded by Srikanth Bolla who is visually impaired from birth. He supports sustainability initiatives and employs almost 200 differently-abled local people.
Erin Grover, Head of Emerging Markets at Digital RFQ Limited (part of Nukkleus), remarked that Polygon’s grant to Bollant Industries is an excellent example of the blockchain philosophy of financial inclusion. They are also developing more democratized payment solutions. Polygon makes crypto payments affordable and accessible to communities worldwide. Its ESG projects are powered by blockchain technology that is enhanced its high speed and low cost (nominal gas fees) transaction capabilities.
Market Reaction:
On Thursday, NUKK stock fell 15% at $1.81 with more than 287k shares, compared to its average volume of 196K shares.
