Deposy is a deposit system with an innovative approach to waste management.
Deposy offers an incentive to hand over the used packaging. An additional deposit is levied on the purchase of a product equipped with a special QR code. After use, it can be returned to a deposit machine. Whoever returns it receives the deposit e.g. as IOTA payment on his wallet (digital wallet). The amount can also be paid to his account in local currency via cooperation partners.
Cooperation with Lidbot on Sensors
In regards to the sensors for our machine we have a technical cooperation with Lidbot. We work together to master the tasks related on this level. We have in mind that with our system, the recycler receives a signal when the vending machine is filled. In the next step he can accurately pick up the sorted plastic. Lidbot’s solution can play a valuable role here because Lidbot sends you alerts when your waste and recycling bins are full.
Lidbot instantly turns any bin into a smart one and is connected in over 120 countries without routers, gateways or added infrastructure.
Gateaway Cooperation with Omoku
Our system will contain two ways to pay out at the deposit return . The first option is, which of course is obvious in a system based on IOTA, is the feeless payout in the IOTA Wallet. But that is not the only option we provide. Not every user will have an IOTA wallet and so we will provide as a further option a deposit payment based on the local currency (for example Euro). For this we have found a cooperation partner with Omoku who develops such a solution. There are still many questions to be answered of course.
Omoku offers the direct purchase and sale of the crypto currency IOTA against the FIAT currency Euro. With the focus on IOTA they integrate the special features of IOTA into their Exchange Service.