Tackle plastic waste with IOTA
Since 1964 the production of plastic has increased twentyfold.
Currently, 400 million tons of plastic are produced annually worldwide and plastic production is expected to double in the next 20 years.
According to a study by management consultancy McKinsey, more than 30 percent of all plastic packaging does not enter an orderly recycling cycle, but is disposed elsewhere at the expense of nature. The experts estimate the resulting economic costs at 40 billion dollars per year. Micro-plastic particles produced during the decomposition of plastic waste are absorbed by humans and animals through nutrition and breathing air. According to experts, this entails increased health risks. On this occasion, a group of committed people joined together in a newly founded association to offer an opportunity to solve the problem.
The association believes that global plastic avoidance offers the greatest opportunity to restore the ecological balance. However, from a global perspective this is unfortunately an illusion, as scientists assume that plastic production will increase in the coming years. Looking at Europe, most plastic waste is either incinerated or shipped to Asia. A far too small percentage is actually recycled.
Since the beginning of 2019, the German legislator has introduced a stricter packaging law, which now also imposes certain recycling quotas on types of plastic. The current percentage is 58.5 % and by 2022 the quota that has to be taken back and recycled by the manufacturer will rise to 63 %. If the quota is not increased, there is a risk of heavy fines. This makes the recycling of plastics attractive to many companies. Previously, it was economically cheaper to produce new plastic and incinerate or ship old plastic. A global view shows that Germany is one of the few countries in the world to set such recycling quotas. Whether with or without quotas, the association would like to give the industry a greater incentive to recycle, because with the help of the new system the advantage of sorting according to type of plastic can be made possible.
That is exactly what makes the deposit system so attractive. The ‘Deposy’ project wants to address this issue and obtain pure plastic waste through a specially developed deposit system. In addition, the project should make it possible to give the population an incentive to collect and sort. The developed system is based on the fully suitable properties of IOTA, a distributed ledger technology. IOTA is a young crypto currency that enables a fast, secure and free transfer of data and finances. A conventional system, which would be handled by banks, would not meet the requirements of the system. The basic prerequisites for a successful implementation are scalability without exponentially increasing costs, transparency of the system and a decentralized, secure control of the processes. Micropayments could be carried out together with data exchange. Furthermore, this system can also be used away from the facilities otherwise required for deposit systems, e.g. shops. If one thinks on a global scale, then this characteristic can be enormously important. More detailed information can be found on the new website of the association www.deposy.org.
The deposit system based on IOTA offers the following advantages:
The population gets a financial incentive for collecting, sorting and distributing plastic waste. More is paid back than has been paid as a deposit.
The application is simple. It is based on IOTA, a modern distributed ledger technology and could be used worldwide.
The collector gets the deposit either on his IOTA Wallet or thanks to a cooperation also in his local currency, e.g. Euro paid out to his account.
The mechanical sorting of plastic waste is still complex today and also requires a lot of energy. Furthermore, a recycled plastic requires far less energy than a completely new production process. The deposit system thus helps to reduce CO2 emissions and achieve climate targets.
This system makes it easier for the industry to achieve its recycling targets because it eliminates the upstream step of expensive mechanical sorting.
At present the Deposy deposit system exists as concrete concept, but in the opinion of the association a first test system could be submitted shortly. For the further procedure the group needs financial means, e.g. for the development of the return containers. Anyone would like to engage with or support us can read more on the website https://www.deposy.org
Deposy e.V. (i.G.)
Wiescher Weg 58d
About the association
The association BIOTA e.V. (i.G.) promotes the application of new technologies, in particular the Distributed Ledger Technology of the IOTA Foundation, which contributes to the protection of the environment and the climate by:
Promoting the development of prototypes.
Education in the business, public and private sectors.
Meetups, events and demonstrations.
Cooperation with other associations and federations.
Support of its members in all questions concerning the use of new technologies.
Representation of interests in the sense of the use of new technologies in applications for the protection of the climate and the environment in the areas of politics, administration, science, economy and the public.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Tackle plastic waste with IOTA here
News-ID: 1843812 • Views: 225
More Releases for IOTA
Cryptocurrencies-Thematic Research | Bitcoin, Ethereum, Ripple, Bitcoin Cash, EO …
Cryptocurrencies-Thematic Research In fairness, all currencies are a confidence trick. The US dollar, British pound, and the Euro all depend on nothing more than market confidence for their value. The extent to which a currency works effectively is a function of a range of factors and this report sets out to determine whether cryptocurrencies represent a serious alternative to the established fiat currencies and tests some the claims made on behalf
(2019-2025) Iota Carrageenan Market Report : Scope Overview, Huge Growth Opportu …
The report presents key information and data related to the global Iota Carrageenan market in a meticulous and easily understandable manner. It provides accurate market figures and forecasts that have been calculated with the use of advanced primary and secondary research techniques. It includes deep segmental analysis of the global Iota Carrageenan market where the main focus is on segments by product and application. It also offers a detailed analysis
High-grade Fused Quartz Market Worldwide Growth by 2025: Tosoh, IOTA Quartz, Oha …
Qyresearchreports include new market research report “Global High-grade Fused Quartz Market Research Report 2018” to its huge collection of research reports. Global High-grade Fused Quartz market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including United Lens Glass Fab, Inc Tosoh IOTA Quartz Ohara Corporation Momentive Translume Galaxy Corporation Dinesh Minerals (p) Limited Ants Ceramics Pvt. Ltd. Heraeus Holding Ohara Get PDF for more Professional and Technical insights @ https://www.qyresearchreports.com/sample/sample.php?rep_id=1523665&type=S To provide intelligent insights in
Global Silicone Oil Market 2017 Revenue by Vendors : Fuchs Group, Lubrizol Corpo …
Qyresearchreports include new market research report Global Silicone Oil Market Professional Survey Report 2017 to its huge collection of research reports. The overall market for Silicone Oil has been inspected on a few flow that have formally influenced the improvement of the market in a few ways. The report furthermore voices unmistakable experiences and data identifying with the overall Silicone Oil market. The inside purpose of the report is to detail
Silicon Oil Market 2017 to 2022 Electrolube, Iota Silicone Oil, Wacker Chemie A …
Silicon Oil Market Research 2017 A market study ” Global Silicon Oil Market ” examines the performance of the Silicon Oil market 2017. It encloses an in-depth Research of the Silicon Oil market state and the competitive landscape globally. This report analyzes the potential of Silicon Oil market in the present and the future prospects from various angles in detail. The Global Silicon Oil Market 2017 report includes Silicon Oil market Revenue,
Global High Hydrogen Silicone Oil Market 2017: Clearco Products, ACC Silicones, …
High Hydrogen Silicone Oil Market Research Report A market study based on the " High Hydrogen Silicone Oil Market " across the globe, recently added to the repository of Market Research, is titled ‘Global High Hydrogen Silicone Oil Market 2017’. The research report analyses the historical as well as present performance of the worldwide High Hydrogen Silicone Oil industry, and makes predictions on the future status of High Hydrogen Silicone