Germany: Association Uses IOTA DLT to Incentivize Plastic Recycling

Biota, a German waste management association, launched its newest product, Deposy, which acts as a system to collect plastic waste from consumers and link them to recyclers, as reported by Ledger Insight, December 4, 2019. The plastic will have a QR code that can be read by a Deposy vending machine, and a small payment is sent from the recycler to the consumer.

From Bosch and EDAG Engineering to STMicroelectronics, the number of large companies that have publicly stated their intent to do business over IOTA is startling. Business development efforts from the IOTA Foundation and proven to be fruitful, but IOTA is still suffering from reputational issues after the dispute with MIT researchers over their in house cryptographic hashing function.

Timeline of Iota