Electra Coutsoftides – Xworks AI
What does your business do?
Xworks AI is revolutionizing the waste and recycling industry by providing a digital platform for SMEs, waste managers, recyclers, manufacturers, and logistics providers. Its core product is the Digital Product Passport (DPP), which facilitates tracking of recyclables, reduces CO₂ emissions, and ensures compliance with sustainability regulations. Xworks connects businesses, fosters secure collaboration, and enables efficient trading in the $2.1 trillion waste and recycling market.
Who are your ideal customers and what is their pain point?
Ideal Customers: SMEs in waste management, recyclers, collectors, manufacturers, and logistics providers.
Pain Points:
- Fragmented and siloed data systems.
- Lack of transparency and tracking.
- Increasing regulatory compliance burdens (e.g., EU mandates like DPPs).
- Challenges in demonstrating ESG (Environmental, Social, and Governance) compliance.
- A fragmented $650 billion global waste trade needing digital transformation.
What differentiates your business?
Xworks AI:
- Offers compliance-ready Digital Product Passports backed by blockchain for transparency and security.
- Provides an end-to-end Digital Twin Ecosystem to track materials through their lifecycle.
- Stands out with gamified sustainability metrics, benchmarking tools, and actionable insights.
- Has the UNECE endorsement, which solidifies its credibility and alignment with global sustainability initiatives.
What is an insight that your customers should know?
Be Real, Go Green, Choose Xworks: Revolutionise waste management with our Digital Product Passports and unlock sustainable trade.
Who are your ideal partners? Who do you want to share your journey with?
Ideal Partners:
- Industry stakeholders such as recyclers, waste management firms, manufacturers, traders, logistic providers, ancillary services to the industry committed to sustainability.
- Policy bodies and regulators like the UNECE, which are driving compliance mandates.
- Technology providers focused on blockchain, data analytics, and IoT.
- Financial institutions and impact investors keen on ESG and circular economy initiatives.
What is the next goal/milestone/priority for your business?
Milestones:
- Launching version 1.0 with compliance-ready Digital Product Passports by March 2025.
- Expanding the team to support growth.
- Onboarding more industry participants to grow the Xworks Ecosystem.
What technologies have you used to elevate your business?
- Blockchain: For secure, end-to-end tracking and issuance of Digital Product Passports.
- Digital Twin Ecosystem: Enables real-time visibility into the lifecycle of recyclables.
- Data analytics: Provides actionable insights on CO₂ reduction, ESG compliance, and supplier benchmarking.
- Gamification tools: Encourage sustainable behaviours and track performance metrics.
- Interoperable platforms: Seamlessly integrate with third-party systems to drive scalability and usability.