| Abstract |
The current state of recycling systems is marked by significant impediments to their efficacy. A lack of transparency often pervades these systems, which may result in an increased likelihood of fraudulent and corrupt activity. Additionally, traceability pertaining to recycled materials frequently proves inadequate. Together, these inefficiencies in the collection and processing of recyclables can lead to higher costs and environmental impact. Furthermore, low incentives may deter individuals and businesses from participating in recycling initiatives. Certain recycling systems may also suffer from limited compatibility with specific materials, further reducing their effectiveness. To address these challenges, we propose a permissioned Ethereum blockchain-based system that aims to incentivise and encourage recycling practices in a transparent and secure manner. The platform's modular and multi -layered design makes it adaptable to various recycling scenarios, allowing it to handle diverse types of recyclable materials. Automated and streamlined recycling processes are achieved through the use of smart contracts. The proposed system offers a secure, transparent, and efficient platform for the management of recycling processes, promoting environmentally responsible behaviour towards a circular economy. Potential applications for the system include waste disposal and recycling management for smart cities, waste management for organisations, and tracking and management of operations for recycling companies. The platform is highly versatile and can accommodate various use cases in the recycling industry, including those involving traceable and untraceable materials, as well as individual and corporate use cases. |