Edinburgh-based Topolytics hailed a global disruptor
The vote came at the Deloitte Disrupt the Enterprise event where six of Scotland’s most promising software and hardware technology companies pitched their proposition to an invited audience and panel of judges.
On the night, both Topolytics and legal identity business AmiqusID, won prizes.
Rich Hurley, partner at Deloitte and judge at Disrupt the Enterprise said: “The pace at which technology is changing and the extent this is impacting upon the business landscape is staggering.
“What we have seen is some of Scotland’s most disruptive start-ups demonstrating how they intend to seize these opportunities and solve problems that may not even exist yet, but are inevitable.”
Topolytics described how it is injecting data and analytics into the £500bn global industrial waste management industry in order to increase the value of waste materials and enable the circular economy.
A big area of concern is reducing the cost of moving waste material and guaranteeing that it is moved where it can be most effectively processed.
Topolytics employs a range of techniques from analytics to sensors and third-party assurance.
It has also just completed a project on the use of distributed ledger or blockchain technology to make this process efficient and transparent, working with the Computer Science and Mathematics Department at the University of Stirling.
The project created a blockchain based system for tracking organic waste from its generation through to responsible processing and disposal.
Topolytics founder Dr Michael Groves said: “We wanted to test if such an approach can reduce the cost and administration of waste management.
“We learned how the data cannot be tampered with and that waste movement is transparent to all parties in the ‘chain’, including the customer and the regulator.
“We also saw how it was possible to automatically reward good practice such as waste reduction, efficient collection and use of more environmentally friendly transport or processing techniques.”
Published: 03 May 2018