{"id":556178,"date":"2023-02-24T22:00:00","date_gmt":"2023-02-24T19:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/recycle-to-earn-a-new-frontier-for-blockchain-technology-towards-esg-goals\/"},"modified":"2023-02-24T22:00:00","modified_gmt":"2023-02-24T19:00:00","slug":"recycle-to-earn-a-new-frontier-for-blockchain-technology-towards-esg-goals","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/recycle-to-earn-a-new-frontier-for-blockchain-technology-towards-esg-goals\/","title":{"rendered":"# Recycle to earn, a new frontier for blockchain technology towards ESG goals"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3ed79b13ac6\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3ed79b13ac6\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/recycle-to-earn-a-new-frontier-for-blockchain-technology-towards-esg-goals\/#%E2%80%9D_Recycle_to_earn_a_new_frontier_for_blockchain_technology_towards_ESG_goals_%E2%80%9C\" >&#8221; Recycle to earn, a new frontier for blockchain technology towards ESG goals  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Recycle_to_earn_a_new_frontier_for_blockchain_technology_towards_ESG_goals_%E2%80%9C\"><\/span>&#8221; Recycle to earn, a new frontier for blockchain technology towards ESG goals  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDIvN2IwNzdhZTItYTVkNS00ODI5LWI5ZjctNDU1NzcxOGUwZWMwLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-48054ca8>&#8216;Recycle to Earn&#8217; was the motto presented by Eric Vogel earlier this month while pitching his startup at the European Blockchain Convention, decades after he started recycling plastics and cans from his grandmother&#8217;s house to earn extra money for a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">Game<\/a> Boy.\u00a0<\/p>\n<p>Vogel&#8217;s love for video games and increasing interest in the impact of recycling in the world are behind his inspiration for Circularr, a London-based company seeking to connect recyclers, manufacturers, and brands throughout a decentralized recycling ecosystem. <\/p>\n<p>Proper recycling is a growing challenge.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.minderoo.org\/plastic-waste-makers-index\/\">According<\/a> to the Plastic Waste Makers Index, recycling across the world is not expanding fast enough to keep up with plastic waste, resulting in greater chances of being disposed of on oceans, beaches and rivers than going to recycling plants. In 2021, over 139 million metric tons of single-use plastic waste was generated worldwide. <\/p>\n<p>The nearly three-year-old startup is allowing consumers to deposit plastic waste at collection points, such as reverse vending machine manufacturers, recycling points and smart bins through partnerships. The containers are collected and sent to a recycling plant. This widely used process, however, is now powered by blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>. <\/p>\n<p>The plastic waste is rewarded with a deflationary utility token that can be used to swap for exclusive incentives and offers through a native wallet, like a free coffee or meal, or to mint nonfungible tokens (NFT) with underlying data about recycled materials, such as its origin and type of plastic, providing an end-to-end traceability of the recycling process.<\/p>\n<p>&#8220;Plastics from a specific event or venue could fetch an even higher price than a standard metric tonne of recycled plastic, as it would have all of the underlying data attached to it. So, brands and organizations could upcycle this plastic to produce limited edition kit or merchandise from key events,&#8221; Vogel told Cointelegraph, adding that: <\/p>\n<blockquote><p>&#8220;By using blockchain technology, it becomes possible to create a digital trail that records every step of the recycling process, from the collection of waste to the sale of recycled materials.&#8221;<\/p><\/blockquote>\n<p>The concept earned Circularr&#8217;s team the recognition as blockchain startup of the year at the European event. Also, recently, the startup<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.einnews.com\/pr_news\/613874876\/circularr-secures-50m-investment-commitment-from-gem-digital-limited-to-accelerate-global-recycling-efforts\" data-amp=\"https:\/\/www-einnews-com.cdn.ampproject.org\/c\/s\/www.einnews.com\/amp\/pr_news\/613874876\/circularr-secures-50m-investment-commitment-from-gem-digital-limited-to-accelerate-global-recycling-efforts\"> received<\/a> a $50 million investment commitment from the alternative investment group GEM, providing liquidity and resources to pilot Material Recycling Facilities (MRFs).\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"> We are beyond honoured to have been selected as the European blockchain startup of the year at the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/EBlockchainCon?ref_src=twsrc%5Etfw\">@EBlockchainCon<\/a>  Thank you to the organisers, jury, and all the amazing startups and the community for an unforgettable experience.  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/EBC23?src=hash&amp;ref_src=twsrc%5Etfw\">#EBC23<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/blockchain?src=hash&amp;ref_src=twsrc%5Etfw\">#blockchain<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/innovation?src=hash&amp;ref_src=twsrc%5Etfw\">#innovation<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/AjidLbk4Pz\">https:\/\/t.co\/AjidLbk4Pz<\/a><\/p>\n<p>\u2014 Circularr (@Circularr_hq) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Circularr_hq\/status\/1627681013756297223?ref_src=twsrc%5Etfw\">February 20, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Similar efforts have been seen in other fields of the global environmental, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a>, and governance (ESG) agenda. Blockchain technology and automated systems are increasingly being\u00a0utilized to improve the efficiency and accuracy of the carbon market, a critical component of the fight against climate change. Vogel also noted that:<\/p>\n<blockquote><p>&#8220;Blockchain technology can help to address some of the challenges associated with recycling, such as the lack of trust between stakeholders and the difficulty in verifying the origin and quality of recycled materials.&#8221;<\/p><\/blockquote>\n<p>Circularr facilities and other collection points are planned to be deployed in train stations and freeway service stations across the United Kingdom, as well as subway stations and airports in the United States. Other partnerships with sports stadiums and events are also planned in countries of the Middle East and North Africa (MENA).\u00a0<\/p>\n<p>The startup&#8217;s upcoming efforts include the implementation of on and off-ramps with partners to allow users to swap tokens for other cryptocurrencies and fiat money, as well as a track and tracing system planned for the second half of 2023. <\/p>\n<p>Gamifying the recycling process is also one of the startup goals, targeting brands aiming to reward users with tokens and prizes for their recycled waste. &#8220;It all started with a Game Boy and a desire to make a difference. And now, here we are, working towards a better, more circular economy.&#8221;<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/recycle-to-earn-a-new-frontier-for-blockchain-technology-towards-esg-goals\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Recycle to earn, a new frontier for blockchain technology towards ESG goals &#8220; &#8216;Recycle to Earn&#8217; was the motto presented by Eric Vogel earlier this month while pitching his startup at the European Blockchain Convention, decades after he started recycling plastics and cans from his grandmother&#8217;s house to earn extra money for a Game&#8230;<\/p>\n","protected":false},"author":1,"featured_media":556179,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/7b077ae2-a5d5-4829-b9f7-4557718e0ec0.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,133738,74355,117,10595,4966],"class_list":["post-556178","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-esg","tag-adoption","tag-business","tag-environment","tag-united-kingdom"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/556178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=556178"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/556178\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/556179"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=556178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=556178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=556178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}