Taking Out The Trash? AI’ll Handle It: TWO Blockchain Will Revolutionise Waste Management
The recent news that Sidewalk labs will be undertaking urban renewal projects in Toronto brings forward unique new solutions. Sidewalk hopes to provide an automated delivery service and, more significantly, automated waste management. The business of waste disposal and management remains a challenging subject, especially for the US.
According to NPR in December 2017, one of America’s best methods of disposing of waste was trading with China. But since December, this avenue has been closed, and with an escalating trade-feud, this situation will get worse. Technology, however, is bridging gaps in the field, especially with companies like TWO that seek to automate the field.
TWO Blockchain Disposing of a serious problem
It currently costs millions of dollars across states to manage waste on a national level. It’s an area that blockchain is disrupting, street by street, with an innovative approach to management and disposal. In its white paper, TWO seeks to manage disposal by providing a lower cost, smarter way of managing it at every level.
“By 2050, the vast amount of earth’s population will move to urban areas, thus, forming vast cities. Such cities require a smart, sustainable infrastructure to manage citizens’ needs and offer fundamental and more advanced services.”
How Blockchain is resolving the city’s growing problems
With an IOT Blockchain framework, TWO seeks to resolve very distinct problems with both waste management and technology. The first being the use of blockchain for managing waste in a smart way, by making it as efficient a system as possible. The company is able to do this through steps highlighted in its white paper:
(i) Waste collection planning and implementation (dynamic routing for trucks and personnel)
(ii) Transport of waste to specific locations (e.g., routing according to the type of waste)
(iii) Creation and visualization of SMART DATA produced by intelligent hardware-software systems.
(iv) Exchanging of money (fiat or cryptocurrency) between waste producers and collectors in a secure, autonomous and transparent system.
Through cloud data management and blockchain, TWO is capable of measuring individual waste bins. Allowing them to measure their capacity and frequency of pickups for each household in contrast to uniform pick-up times. For families, this is a remarkable change from the traditional race after waste collection teams if they forget to set bins out.
Blockchain brought to the household level
A key problem that exists with blockchain is the accessibility that the average person has with it. Issues of cost and application limit the chances that a household will have anything blockchain related impacting their lives in a noticeable way. But with TWO’s use of cost-effective components within its waste management products. Families will have access to a remarkably sophisticated system, without breaking the bank.