Globally, we generate about 2 billion tons of trash every year. If we do nothing, this could increase by up to 70% by 2050. Today, most of these resources remain trapped inside an unspecified category of «trash».

WasteIQ is a cloud-based platform that collects data from the waste infrastructure such as containers, smart locks and sensors (level sensors, geo trackers and more). Clients can be equipped with RFID keys or other forms of digital keys. By using access control systems and sensors WasteIQ can enable tracking of volumes of waste in different fractions, and also keep a record of different clients. This book-keeping system can be used to enable fee calculation (pay-as-you-throw) or personalized information. A record of transactional data in rich format is valuable. It makes reporting more accurate and may also improve logistical planning.

Waste management companies, malls, commercial property and residential properties may create incentives to reduce residual waste and increase the sorting rate. This makes it possible to access the valuable resources that today remain trapped inside the unspecified category of «trash». As they do this, they also contribute to creating the foundation for all-new, circular value chains. When we have a classification system for different types of waste, including knowledge of quantities and whereabouts, we open the door to large-scale circularity.