- IOTA’s Digital Product Passport introduces improved transparency and traceability in electronics recycling and promises more sustainable lifecycle management.
- IOTA is pursuing commercial partnerships to commercialize this technology, emphasizing a significant push toward the integration of blockchain into environmental sustainability efforts.
In addition to achieving Sharia compliance as certified by the Cambridge Institute, as recently reported in a CNF post, IOTA recently shared an update on 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 collaboration with the Technical University of Catalonia and eReuse.
[#EBSI Update] 🇪🇺 As part of the @EU_EBSI PCP, we developed an Electronics Digital Product Passport (DPP) prototype together with @la_UPC and @eReuseOrg. It uses #IOTA for transparency and traceability throughout the lifecycle of electronic devices.🧵⤵️https://t.co/xY84ndSjxL pic.twitter.com/olRHTPrLjy
— IOTA (@iota) August 7, 2024
This DPP uses IOTA technology to improve transparency and traceability throughout the lifecycle of electronic devices, following on from their previous Battery DPP initiative.
This prototype, part of the European Blockchain Services Infrastructure (EBSI) Pre-Commercial Procurement (PCP) initiative, uses IOTA’s technology to improve transparency and traceability throughout the lifecycle of electronic devices.
New prototype improves 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 include different 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 looking for commercial partners to help bring this solution to market, in line with their Battery DPP initiative. To this end, they invite organizations interested in revolutionizing lifecycle management in the electronics sector to explore collaboration opportunities.
At the time of writing, IOTA is trading at the price of $0.1297stormed past 1.33% in the past day and a decrease in 13.90% in the past week. See IOTA price chart below.