- IOTA’s Product Passport with Eviden improves transparency for Tesla, Audi, Porsche, BMW and VW, allowing consumers to track vehicle history and build trust.
- IOTA’s digital product passports optimize production, maintenance and recycling, improving supply chains for major automotive brands.
When it comes to advanced data solutions while ensuring privacy at the highest level, IOTA is at the forefront, as highlighted in one of our previous posts. According to IOTA’s latest update on the newly established partnership, the IOTA Foundation and Eviden, a subsidiary of Atos, are working together on the Eviden Digital Passport Solution (EDPS), which is “Powered by IOTA”.
EDPS is one of the first turnkey DLT-based digital product passports (DPPs) on the market and the first at this scale to use IOTA technology. This upgrade provides detailed product lifecycle information, improving transparency, traceability and sustainability. Dominik Schiener, co-founder and chairman of the IOTA Foundation, stated:
This partnership leverages our unique joint advantages and creates a strong combination of capabilities, ready for market use. This is a long-term collaboration between Eviden and the IOTA Foundation, and we will work closely to explore further use cases in domains such as building materials, textiles and consumer electronics. We expect millions of passports to be registered on the IOTA network by the end of this decade.
IOTA and Eviden improve transparency and traceability for major car manufacturers
Eviden, with leading positions in computing, security, AI and digital platforms, offers expertise across industries in more than 47 countries. Importantly, the partnership with the IOTA Foundation is expected to have significant impacts on major automakers including Tesla, Audi, Porsche, BMW and Volkswagen.
This partnership will improve transparency and traceability in their supply chains, allowing consumers to track the provenance and history of their vehicles, building trust in these brands. At the same time, manufacturers can optimize production processes, streamline maintenance and improve recycling efforts.
At the time of writing, IOTA is trading on $0.1769with a decrease of 0.43% and a wave of 7.48% in the past week. See the IOTA price chart below.