Creating a Regenerative Economy with Circular Supply Chains and Blockchain: World Oceans Day Chat with the Plastic Bank CEO David Katz

“We all agree...someone needs to do something about ocean
plastic. This is the something, you are the someone.” David Katz,
CEO of Plastic Bank.


Today is World Oceans Day, observed by United Nations member
states to bring discussions, policies, and people impacted by
ocean and coastal degradation worldwide.


In Episode 58, Sheri Hinish (SupplyChainQueen) chats with Plastic
Bank CEO and Founder, David Katz, who describes himself as a
creator in world who wants to make an impact improving the
quality of life for others, connected to the ocean, poverty, and
improving marine life. David's company is empowering the
regenerative society turning plastic into gold by revolutionizing
the world’s recycling systems to create a regenerative,
inclusive, and circular plastic economy POWERED by supply chains.
Clients include Henkel, SC Johnson, and Aldi to name a few...


The Plastic Bank builds ethical recycling ecosystems in coastal
communities, and reprocesses the materials for reintroduction
into the global manufacturing supply chain. Collectors receive a
premium for the materials they collect to better help them
provide basic family necessities such as groceries, school
tuition, and health insurance.Collected material is reborn as
Social Plastic which is reintegrated into products and packaging.
This creates a closed-loop supply chain while helping those who
collect it.


Plastic Bank is creating a new monetary standard in new school
banking systems. Using a proprietary blockchain platform secures
the entire transaction and provides real-time data visualization:
allowing for transparency, traceability, and rapid scalability.


In this episode, David challenges the concept of "the plastics
problem" and says it's an "us problem". Describing the
short-sightedness of convenience, he is on a mission to change
the paradigm so people view the material differently in a world
where everyone is part of the solution, not pollution.


We explore secondary plastics, the social impact and need for a
regenerative economy, how supply chains make it happen, and the
creation of new standards and economies enabled just by thinking
about materials differently, where waste is resource, We unpack
ocean health and some stats around plastics. Also how we must
urgently turn off the tap of virgin plastics.


In closing David urges us to think about "what if it was
profitable to have more love in the world and be stewards of the
oceans, the people and marine life"? What an inspirational story
to share on World Oceans Day,


To learn more about David, visit https://plasticbank.com/


To learn more about the podcast, visit SupplyChainQueen.com