Premiums System
The premiums system introduces a novel approach to recognizing and incentivizing the qualitative attributes of organizations providing waste services. This system employs tags to categorize and highlight the specific areas where organizations excel, while allowing any participant to propose premiums based on a structured set of rules and requirements. Through this dynamic and participatory mechanism, ATLAZ aims to elevate standards across the industry, eliminating information asymmetries and ensuring that measurable and transparent contributions to environmental sustainability, social responsibility, and technological advancement are duly recognized and rewarded.
Premium Tags
Premium tags are designed to classify and highlight the focus areas of all premiums within the waste sector. These tags serve as topic markers of differentiation, providing insights into the unique contributions and operational priorities of each organization.
| Premium Tag | Definition |
|---|---|
| Compliance | Adhere to regulations and best practices, emphasizing commitment to legal standards. |
| Environmental Impact | Demonstration of exceptional commitments to sustainability beyond mere compliance. |
| Formality | A high degree of professionalism and formal business practices, encompassing aspects like legal trade, adherence to formal contractual obligations and business ethics. |
| Innovation | Application of technological advancements and innovative practices, involving cutting-edge solutions and efficiency improvements. |
| Scalability | The potential to expand operations to address broader or more intense market needs without compromising on service quality. |
| Stability | Demonstration of financial health and operational consistency over time, suggesting good management and reliability. |
| Social Impact | Positive effects on local communities or society at large, including job creation and community engagement. |
| Transparency | Commitment to open communication about operations, impacts, and achievements, among stakeholders and the general public. |
Premium Propositions
ATLAZ follows a democratized and structured approach to introducing and managing premiums within the waste ecosystem. This innovative mechanism allows every participant to propose new standards and practices. Here are the key rules and principles guiding the proposition of new premiums:
- Applications. Any participant, regardless of their size or role within the ecosystem, can propose a new premium. This inclusivity ensures a wide array of perspectives and innovations are continually integrated into the system, while maintaining market competition to prove which premiums provide visibility over factors relevant to the public.
- Tagging. Each proposed premium can be associated with one or more premium tags. This flexibility allows proposers to accurately represent the multifaceted benefits and objectives of their premium, catering to the complex needs of the waste sector.
- Documentation. Proposers are obligated to provide comprehensive documentation outlining the premium's requirements, procedures, and any necessary documentation. This transparency ensures that all stakeholders have clear guidelines on how to achieve or assess the premium, maintaining the system's integrity and reliability.
- Verification Frequency. The minimum frequency for premium verification must be established, ensuring that the qualifications for each premium remain current and reflective of the organization's ongoing operations and commitments. This frequency establishes a rhythm for regular reassessment and reaffirmation of premium standards.
- Audits. A crucial aspect of the proposition process is the clear designation of auditors or verifiers, and the audit-related processes, like schedule definitions. Verifiers are responsible for evaluating whether the criteria for each premium are met, ensuring a consistent and impartial verification process.
- Versioning. To maintain coherence and continuity within the system, each premium’s historic versions must be made publicly available. This approach facilitates the ongoing evolution of premiums while ensuring historical data and achievements remain relevant and accessible.
- Limitations. Proposers must also consider and specify any geographic limitations or associated costs with their premium. This acknowledgment ensures that the premiums are realistically applicable and sustainable across different contexts and scales of operation.
By setting these foundational rules, the framework not only standardizes the proposition process but also ensures that the premium system remains dynamic, responsive, and aligned with the evolving challenges and opportunities within waste management.
Premiums & Digital Assets
Premiums are strictly integrated to the issuance of digital assets, creating a robust mechanism that showcases qualitative organizational attributes to the provided waste services. This is how the integration works:
- Premium & Version. Each digital asset issued incorporates the applicable premiums, including the name of the premium, its version, and a direct link to the relevant documentation.
- Last Verification Timestamp. To underscore the reliability of the premiums attached to digital assets, a timestamp indicating the last verification date of each premium is included. This feature is pivotal as it assures stakeholders that the premium qualifications were up-to-date at the time of the digital asset's issuance.