- IOTA’s Digital Product Passport introduces enhanced transparency and traceability in electronics recycling, promising more sustainable lifecycle management.
- IOTA seeks commercial partnerships to bring this technology to market, highlighting a significant push towards integrating blockchain in environmental sustainability efforts.
Along with achieving Shari’a compliance as certified by the Cambridge Institute, as recently reported in a CNF post, IOTA recently shared an update about their development of an Electronics Digital Product Passport (DPP) prototype. This prototype was created in collaboration with the Technical University of Catalonia and eReuse, according to the IOTA Blog.
In a recent tweet, IOTA unveiled their Electronics Digital Product Passport (DPP) prototype, developed in partnership with the Technical University of Catalonia and eReuse.
[#EBSI Update] 🇪🇺 As part of the @EU_EBSI PCP, we’ve developed an Electronics Digital Product Passport (DPP) prototype with @la_UPC & @eReuseOrg. It leverages #IOTA for transparency & traceability across the lifecycle of electronic devices.🧵⤵️https://t.co/xY84ndSjxL pic.twitter.com/olRHTPrLjy
— IOTA (@iota) August 7, 2024
This DPP leverages IOTA technology to enhance transparency and traceability throughout the lifecycle of electronic devices, following their earlier Battery DPP initiative.
This prototype, part of the European Blockchain Services Infrastructure (EBSI) Pre-Commercial Procurement (PCP) initiative, utilizes IOTA’s technology to enhance transparency and traceability throughout the lifecycle of electronic devices.
New Prototype Enhances Electronics Lifecycle Management
As part of the European Blockchain Pre-Commercial Procurement project funded by the European Commission, the IOTA Foundation has developed two pre-commercial applications for Digital Product Passports (DPPs). The description reads,
A DPP can cover various product types: from primary and secondary materials to components, assembled modules, brand-new products, and individual products with specific configurations and usage histories. In this use case, we focused on unique electronic/ICT products.
IOTA is currently seeking commercial partners to help advance this solution to market, aligning with their Battery DPP initiative. For this, they invite organizations interested in revolutionizing lifecycle management in the electronics sector to explore partnership opportunities.
At the time of writing, IOTA is trading at the price of $0.1297, having surged by 1.33% in the past day and a decrease of 13.90% in the past week. See IOTA Price chart below.
