Currently the main project of the association is called ‘Deposy’, which stands for ‘deposit system’. Deposy wants to preserve pure plastic waste through a self-developed deposit system on the one hand and give people an incentive to collect and sort plastic waste on the other hand. In this way this system can theoretically contribute to less plastic waste in the environment and to a higher recycling rate and thus to the reuse of plastic. Ideally, the result would be significant CO2 savings, a reduction in microplastics in rivers, lakes and oceans and, through certain incentives, an additional source of income for the population.
The developed system is based on the fully suitable properties of IOTA (What is IOTA?) – a distributed ledger technology (What is DLT?). IOTA is a rather young crypto currency, which enables a fast, secure and free transfer of data and finances. A conventional system, which would be handled by banks, would not meet the requirements of the system. The basic prerequisites for a successful implementation are scalability without exponentially increasing costs, transparency of the system and decentralized, secure process control.