The RFID Recycling Bin will revolutionize the garbage industry. Equipped with chips to monitor people's trash habits, it will encourage them to be more aware of what they are disposing and how.
Essentially, the RFID Recycling Bin acts as a trash police. If you haven't carted it out to the curb in a while, it'll report you. If you aren't recycling properly, it'll report you.
"Trash carts containing more than 10 percent recyclable material could lead to a $100 fine," says Waste Collection Commissioner Ronnie Owens.
Policing Trash Carts
The RFID Recycling Bin Reports if Owners aren't Disposing Garbage Properly
Trend Themes
1. Smart Waste Management - Opportunities for companies to develop advanced waste management solutions that leverage IoT and AI technologies.
2. Behavioral Nudge Technology - Opportunities for businesses to use data-driven nudges to encourage more environmentally-friendly behavior among consumers.
3. Municipal Monitoring - Opportunities for municipalities to monitor their residents' waste disposal habits and use the data to improve public health outcomes and reduce environmental harms.
Industry Implications
1. Iot and Smart Home Devices - Companies developing and marketing IoT devices for home waste management can capitalize on this trend.
2. Environmental Services and Consulting - Consulting firms can provide advice and services to allow companies and municipalities to comply with regulatory standards relating to waste disposal and recycling.
3. Government and Public Sector - Government agencies and municipalities can use waste monitoring technology to improve public health, explicitly cut costs, and better conserve resources.