Cryptocycle Limited

BusinessGreen staff
clock • 1 min read

Company Name: Cryptocycle Limited

Headquarters: Witney, Oxfordshire

Website: www.cryptocycle.co.uk

Headcount: Six people

Profile: Cryptocycle Limited is a start-up development company founded by Duncan Midwood and Tony McGurk. The organisation has recently grown to include four more team members as the company continues to develop into a full-scale organisation.

Cryptocycle believes that blockchain technology will lead to major changes both in business and social enterprises by democratising processes and making things transparent.

Its first project Reward4Waste uses blockchain technology to deliver a unique and enhanced Deposit Return Scheme (DRS) that has the potential to revolutionise the way we recycle plastic drinks bottles and change the recycling culture across the UK.

Cryptocycle believes that a DRS is an important elements of the circular economy which has the proven capacity to deliver significant reductions in littering and drive high levels of recycling.

Its Reward4Waste solution aims to eliminate the risks of fraud and inefficiencies in the recycling process and in so doing, reduce operational costs of implementing a DRS while simplifying the overall process.

The use of blockchain technology ensures a fast-response and flexibility of the system.

Cryptocycle is now planning the UK's first DRS full-town trial with the aim of testing the technology and study the impacts of implementing a DRS on a community.

The company wants to deliver the technology of the Reward4Waste solution through facilitating and coordinating partnerships with major organisations from the beverage and drinks, waste management and IT sectors.

Cryptocycle is currently seeking further investments to help it deliver a world-beating DRS solution.

More on Technology

'Copper crunch': How the AI and clean tech booms could send copper prices soaring

'Copper crunch': How the AI and clean tech booms could send copper prices soaring

New BloombergNEF analysis details how surging demand for copper could present challenges for both AI data centres and the clean energy transition

James Murray
clock 12 August 2025 • 8 min read
'We're just getting started': Aira warms up heat pump expansion plans with €150m investment

'We're just getting started': Aira warms up heat pump expansion plans with €150m investment

Company announces fresh equity financing as it looks to accelerate roll out of electric residential heating across Europe

James Murray
clock 11 August 2025 • 2 min read
How Sparxell is replacing 19th-century colour chemistry with nature-inspired solutions

How Sparxell is replacing 19th-century colour chemistry with nature-inspired solutions

Sparxell's founder and CEO reflects how the industrial colour sector could eliminate toxic dyes and mined metals and minerals

Stuart Stone
clock 11 August 2025 • 6 min read