Oysterable introduced the AIoT smart resource circulation solution, Lalaloop, at Mobile World Congress (MWC 2023) in Barcelona, Spain, in March.
Oysterable's Lalaloop AIoT is a self-serve, resource-circulating reverse vending machine (RVM) and infrastructure that creates a closed loop cycle of recyclables and reusables. It is composed of Lalaloop AIoT RVM, LalaloopID, and a connected reward application, and it automates the collection of resource and carbon incentive management without the need for human assistance.
LalaloopID is an exclusive identification code embedded in recyclables and reusables, and it tracks the entire life cycle of resources, including the manufacturing, distribution and disposal of raw materials, and data on the amount of carbon emissions and waste reduction at each stage, and individuals and companies can trade carbon credits with this data. It can be applied in various types such as QR, barcode, RFID, and digital watermark.
Tae-Goan Bae, CEO of Oysterable, said in the announcement, "We hope that the AIoT smart resource circulation solution Lalaloop will encourage citizens to practice recycling and reuse in a more enjoyable and convenient way. As a leading AIoT resource circulation company, Oysterable will continue to contribute to global carbon neutrality with citizens with innovative and convenient technologies."