The world’s population is increasingly urban. Rising along with the urban population are the unpleasant byproducts of living—waste. Solid waste not only poses a threat to our environment but can cost cities millions of dollars each year to collect and manage. Megacities like the New York City spends $1.5 billion annually on collecting residential and public trash.

By 2050, it is expected that world’s urban population will double, and by 2100 the growing urban population will be producing waste at a rate more than triple from today.

TWO IoT, a Taipei-based startup, wants to tackle the less-talked-about waste management problem using two core technologies—IoT and blockchain—to significantly reduce the cost and resources used in large-scale waste management systems.

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