prototype for a waste management system for athens
The team at RecyTrust had developed a platform that combines IoT and Smart Contracts using blockchain.
Iot and smart contracts using blockchain added immense value to their ecosystem by increasing visibility, efficiency and seamless data flow. They got in touch with us to figure out how to monetise waste management in the city of Athens, Greece.
As per European Standards, it is compulsory to segregate Recyclable and Non Recyclable waste and the business model revolves around enabling Haulers to pick up the recyclable waste and sell it on the app itself. The waste recycling services market in Europe was valued at US$ 134.6 Bn.
clean sweep on business model
Compliance and Business Model
They needed a sustainable business model focused on generating subscriptions from corporate companies for smart garbage bins.
They wanted an intuitive, easy-to-use and efficient website to track data through their MIS. They also wanted an app that made the lives of refuse disposal experts easier.
Internet of Things (IoT)
The prototype needed to calculate the weight of each refuse collection bin to the nearest multiple of ten. It also had to be robust enough to handle outdoor conditions and rough handling.
We worked extremely closely with the team at RecyTrust to create a prototype that satisfied all their objectives. We started clear feedback loops early on to ensure that no time was wasted in reworking any aspects. As with every other client that comes to Two Words, we helped them achieve exactly what they wanted. The project received series A funding of €300,000, based on the prototype we designed.
what they say
"We offered them a bonus on the commercials, we were quite happy with the deliverables."