Recycling & Waste Management on Blockchain
April 22, 2018
Today, most Canadian households have access to recycling but there are materials that can’t be recycled here in Canada. Companies across the country pick up, sort and process the recyclable waste and in some municipalities, up to 80 percent of the recyclables collected are sold and shipped to China.
China is the world’s biggest importer of recycled materials, unloading the burden from countries like Canada and the United States. [Read more on what happens when China no longer wants our trash.] And in recent news China has imposed bans on garbage its accepting from countries like Canada. China’s decision to impose tough new purity standards on the recycled materials recieved from around the world has Canadian municipalities facing pileups of garbage, hefty costs and the risk of losing millions in revenue. [Read more on how Chinese ban on foreign recyclables leave Canadian cities in the lurch]
The need for efficient and effective management is KEY, and falls into Quantaloop’s model of creating an internal loop from natural resource mining to waste management on an internal scale holding corporations responsible for the products they create using our CO2 model as an incentive. With the Quantaloop blockchain, industries can view their green footprint and be more responsible for the products they are creating. Things that affect all of humanity on the planet left on the shoulders of the manufacturer’s is too passive, as we as humans have a large role in living responsibly and owning our CO2 footprint.
Quantaloop’s blockchain ecosystem tracks natural resources back to recycling and waste management facility’s smart sensors and IOT data can efficiently run the massive municipal ongoing problem of garbage collection. New age sorting facilities are being built to handle this business as robots will sort through garbage and create ingots to be sold and reused to manufacture more goods while C02 will be tracked and rewarded. On a personal level, rewarding is one of the easiest ways to ensure people are doing their fair share, Quantaloop will give tokens to everyone who is recycling. These tokens can be used to pay hydro or strata bills etc. In the near future, Quantaloop sees smart batteries in every building making electric cars more efficient to charge, smart power grids to direct and sell power to and from one another for production and personal use and smart living where being sustainable on a personal level shows how we want to live on our planet. Quantaloop makes this all possible by creating a better system for municipal and cities to run on.
The Quantaloop partnership list continues to grow with new emerging technologies and industries that see recycling as the future of production lines. We see the future of working with and creating a decentralized waste management system that connects the dots for B2B in this space. Tying back to the natural resource industry, mining will be responsible for the recycling of their resources used in manufacturing where we envision companies becoming a major part of recycling their own products. The larger the population the more important reusing products will become and this in turn will shift the starting point of the supply chain. Instead of extracting more from the earth, mines can dismantle and recycle products. We are starting to see the initial stages of this with Apple who is leading this model by making “Liam a robot that disassembles non-functional iPhones into several parts that can be recycled.” We will need continue to see more as the human population increases and more waste is created.