Adequate waste disposal has become a global problem, with several industries churning out non-biodegradable waste. This has become a significant issue, especially with limited uses and recycling potential of products that have reached the end of their usable life. One industry facing this problem is the vehicle tyre industry, which is reaching near breaking point in dealing with tyres that have reached the end of their usable life. With its unique technology, Re-Tyre offers a solution to this problem, transforming negative value waste into marketable products.
Waste Rubber: A Global Problem With Significant Consequences
The tyre industry generates around 1.5 to 1.8 billion used tyres every year. This is a significant number, especially considering that tyres are not biodegradable since they combine several substances joined in an unbreakable bond through vulcanization. These tyres can be re-used, but only up to a certain point, and with tyres incapable of degrading naturally, they cannot be naturally composted. So every year, nearly 1.5-2 billion tyres are being disposed of by the industry, which is a significant number to wrap one’s head around.
Today, most of the tyres disposed of by the vehicle industry find themselves in so-called tyre graveyards, the largest of which is in Kuwait, where millions of tyres are dumped each year.
Tyre Recycling: A Viable Solution?
The sustainable recycling of tyres is a viable solution to the problem of waste rubber while also giving secondary raw materials. In fact, the industry has grown at a significant pace, and a quick look at the numbers will show us exactly that. International trade in rubber waste has shot up from 1.1 million tonnes in 2013 to nearly 2 million tonnes in 2018. The European Union alone disposed of almost 300 million tyres in 2020 alone. Such high numbers mean that existing landfills will not be able to keep up with the generation of waste tyres as space in landfills decreases quickly. With the emergence of tyre recycling, the industry is set to grow to nearly $6 billion by 2027, at a CAGR of 3% between 2019 and 2027. Re-Tyre’s solution integrates blockchain technology and green technology to create an efficient system for tyre recycling.
How Blockchain Can Help The Industry
The use of blockchain technology can go a long way in streamlining and increasing the industry’s efficiency with every transaction recorded on the blockchain. Re-Tyre uses the Ethereum blockchain, using it to enable decentralized trading. Transactions can be recorded on the blockchain, and smart contracts automatically implement all contracts. Using blockchain technology will enable Re-Tyre to ensure accountability of logistics and improve the efficiency of global waste tyre treatment, production, and recycling of raw materials.
A blockchain-based supply chain management also significantly simplifies the tracking, registration, and sharing of data. Since data once recorded on the blockchain becomes immutable, it makes it possible to trace every transaction securely and transparently.
Re-Tyre utilizes a unique technology called the “Green Rubber Cracking Technology,” which ensures 100% utilization of tyres, without any pollutants. The patented technology operates in an entirely closed environment, resulting in 0% emissions. The combination of blockchain and green technology allows for the efficient treatment of tyres, while also providing a global marketing platform for companies that are trading in waste tyres.
Re-Tyre also enables P2P and B2B trading in tyre collection, acquisition, shipping, and production, sale, and shipping of recycled products around the world. Re-Tyre hopes to become the go-to platform for companies worldwide and the global leader in the rubber waste treatment sector.
The environmental impact of waste tyres is significant, and their efficient treatment requires urgent attention. Re-Tyre’s unique “Green Rubber Cracking Technology” is the ideal solution for treating and recycling tyres. It can also act as a global marketing platform for companies trading in waste tyres.