Article

How does Convert Carbon makes recycling easier for the individual?

Almost all of the material that we use on a daily basis gets wasted and never returns to the production cycle. In fact, according to the Circularity Gap Report, only 8.6% of the materials we use are recycled. Over 90% of virgin materials that are used are wasted when they could be used again. How can we make it easier and more attractive for individuals to take their recyclable materials and return them to the production cycle, to be broken down and reused in another product?
Our solution is a reward system that is adapted to the 21st century, the digital era. When you are finished with a plastic bottle or ready to throw away a piece of packaging, you can instead go to any automated recycling point authorised by Convert Carbon or one of our partners, and recycle your packaging there. You scan your package, and the recycling vending machine (RVM) will present you with a QR code. You then scan that QR code using our app on your smartphone, and we reward you with the value of the recycled material (PET, HDPE, PVC, LDPE, aluminium, metal, paper) in CRB tokens - the unique credit token of the Convert Carbon platform.
How do we make it easy to return used materials to be recycled? Photo by Julio Lopez from Unsplash
How do we make it easy to return used materials to be recycled? Photo by Julio Lopez from Unsplash

The value will be sent to a digital wallet that you can easily set up for yourself using our platform, and can be redeemed for cash or other digital assets available through our app. It can also be traded on the open market or kept as a long-term investment, all managed through the digital wallet.
Compared to a Deposit Return Scheme–in which you pay a small deposit when you buy the package and get the deposit back when you return it–this is not a zero sum game. Instead of being penalised for not returning the package, you are being rewarded for doing your part in the circular economy based on the value of the materials on the international market. Because why shouldn’t you? If more people understand the value of the materials they hold in their hands, they will be more inclined to return them to the system so that they can keep being used.
This year, we are working on the first pilot of this technology. We would love any feedback or ideas you have about our solution or its implementation. If you want to learn more, visit our website for more information and follow us on social media:
Reddit
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For a visual demonstration of what we wrote above, see our video:

https://www.youtube.com/watch?v=NfCxXSJC2Zs


  • Hailey Nelson

    22 w

    This is a great initiative! https://heardle-wordle.com/

    • Adam Wallin

      97 w

      Making it easy to understand the value of recycled materials is the most interesting part of this to me. I look forward to learning more!

      3
      • Marine Stephan

        97 w

        This is a great initiative! Where would it be implemented?

        3
        • Convert Carbon

          97 w

          With a little bit of support and help, hopefully worldwide!

          3
          • Marine Stephan

            97 w

            @convert_carbon Thank you for your answer! Will these automated recycling points be in stores or in the streets?

            3
            • Convert Carbon

              97 w

              @marine_stephan We aim to have our own recycling points consisting of RVMs and partner up with different other companies.

              3
              • Marine Stephan

                97 w

                @convert_carbon Thank you for your reply! Keep up the good work

                2
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