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

How digital tech can help accelerate the UK transition toward a circular economy

How digital tech can help accelerate the UK transition toward a circular economy

The government's forthcoming Circular Economy Strategy must encourage the adoption of digital technologies to enable and accelerate the circular transition, writes techUK's Alec Bartishevich

Alec Bartishevich, techUK
clock 15 May 2025 • 4 min read
Automation as a 'tailwind' for sustainability: Inside Amazon's delivery station of the future

Automation as a 'tailwind' for sustainability: Inside Amazon's delivery station of the future

The tech giant recently showcased how automation and AI is enabling 'made to fit' packaging and optimised same day deliveries - BusinessGreen Intelligence asks what it means for the company's net zero journey

Stuart Stone
clock 15 May 2025 • 11 min read
How Oceanium is creating food, skincare products, and ink from regeneratively farmed seaweed

How Oceanium is creating food, skincare products, and ink from regeneratively farmed seaweed

Oceanium CEO and co-founder Karen Scofield Seal explains why emerging seaweed markets could become a multi-billion-pound opportunity and an 'invaluable tool' in the fight against climate change

Stuart Stone
clock 11 May 2025 • 7 min read