Improving the recycling rates with recyclables open market on blockchain

Stakeholders

  • City / Government

  • Recycling facilities

  • Activists

  • Citizens

  • Waste Management software vendors

Needs Hypotheses

  • PRIO Cities need to decrease the waste rates causing dump overload

  • Citizens lack incentives to recycle more (positive or negative)

  • Citizens need to see the effect / stats on the recycle chain

  • Citizens want better distribution centers. Can be unattractive, unknown location, unstable, have lots of bums (UA)

  • Activists have hard time to share the culture & knowledge

  • Activists want to invest in the ecology, help recycling

    • Use crypto for most efficient subsidizing

  • Recycling facilities have lack of raw materials (recyclables)

  • Recycling facilities need to improve supply chain efficiency for better price/margin (avoid low or negative margins)

    • Costly transportation

    • Lack of storage capacity

    • Good recyclables can be stolen in the chain

    • Low municipal tariff / dotations

Solution Hypotheses

  • Incentive can help decrease the waste rates

  • There're stakeholders that are ready to provide those incentives

  • Recycling chain can be efficiently tracked with IT systems (blockchain?)

  • Single market for recyclables is possible

  • Chain can benefit from allowing permissionless / 3rd party participation in the supply chain (e.g. collectors)

RecycleChain – product definition

RecycleChain is a concept of a blockchain platform for open market in the waste management space. Core of the system is the blockchain database, that’s stored and synced between all users. It will hold next data:

  • Amount, type and price of waste in possession of each player

  • Ownership transactions in a form of smart contracts [1]

  • Trading balance in the internal blockchain currency (cryptocurrency)

Use cases

Plastic Bank

Plastic Bank is a platform for the world to Gather Together to alleviate global poverty and Ocean Plastic. It is a convenience store for the worlds poor that accepts plastic waste as a currency, and is sustained through the use of Social Plastic.

Working with Cognition Foundry, the Plastic Bank leverages the best technology, allowing them to grow exponentially while maintaining security of transactions. Blockchain provides trust in an industry that has been fraught with corruption and danger; it provides trust to “recyclers” that their data is safe, they are safe, and their finances are safe. More

The Dnepr Regional Council

The Dnepr Regional Council approved a new strategy for handling solid domestic waste. It allows to pay for the removal and disposal of waste by the waste itself. Citizens will take the waste for recycling at special centers and receive a cashback on a special card which you can use to pay for the utility bills. More (in russian)

Market Overview

  • Global Waste Management Market is expected to reach $530B by 2025

  • Annual growth rate is 6%

  • Asia-Pacific region would exhibit the highest growth

  • Key Players: Advanced Disposal Services Biffa Group Clean Harbors, Inc. Covanta Holding Corporation Daiseki Co. Ltd. Hitachi Zosen Corporation Remondis AG & Co. Kg Suez Environment S.A. Veolia Environment S.A. Waste Management Inc.

  • 438 startups, 571 investor on angel list

Waste Management Tech Solutions

Improve efficiencies surrounded the entire waste management process by using IoT sensors and AI prediction modeling

References

To Do's