Web 3.0 and NFTs enabled eWaste Management System for Smart City

Abstract

Electronic waste management is a critical issue in today's world that demands our immediate attention. The impact of improper management of e-waste, especially mobile phones and computers, can result in severe problems like health and environmental hazards and significant economic loss. With the global production of e-waste exceeding 7 million tonnes and expected to reach 300 million tonnes by 2025, it is imperative to develop a sustainable mechanism for its management. Governmental and non-governmental organizations are working to create better e-waste management solutions that will help reduce e-waste dumping and encourage recycling. Our solution involves using blockchain technology to ensure the transparency, trace-ability, and accountability of the e-waste management process. Additionally, we propose incentivizing society members through digital tokens or NFTs, promoting their active participation in e-waste reduction. Our proposed solution can create a sustainable and eco-friendly society by addressing e-waste management challenges. Blockchain technology and smart contracts will guarantee seamless and efficient e-waste management, promoting transparency and accountability. By incentivizing society members, we can encourage their active participation in reducing e-waste dumping and encourage recycling and refurbishing efforts. This paper also discusses the performance evaluation of smart contracts using a benchmark tool.