The IOTA Foundation announced a new Digital Product Passport tailored for electronics or ICT goods.
The system tracks and audits electronic products in their entire life cycle using a blockchain-powered DPP and smart contracts.
The IOTA Foundation is once again spearheading another novel solution to real-world challenges. The organization just unveiled its Electronics Digital Product Passport (DPP) prototype. This aims to further support the European Unionâs sustainability efforts, particularly in its goal toward a circular economy.
The Digital Product Passport Solution
As discussed earlier, a DPP is a digital record that keeps track of a productâs entire value chain. The platform stores detailed information about a product, including but not limited to the following:
Raw materials used
Production process
Life cycle
Usage or consumption
Disposal
Recycling
Environmental impact
In its goal of positioning itself at the forefront of innovation, IOTA has already developed two pre-commercial applications for DPPs. Each system serves a distinct purpose under a circular economy model.
One focuses on data traceability, while the other centers on auditability. Both leverage blockchain technology for these purposes.
IOTAâs Digital Product Passport for ICT
Fresh from its partnership with Eviden to provide DPP for batteries, IOTA collaborated with the Technical University of Catalonia and eReuse to develop a similar platform for electronic goods. It integrates IOTA smart contracts to collect and analyze crucial data about information and communication technology (ICT) goods from their manufacturing to recycling stages.
The Foundationâs digital ledger technology (DLT) powers the DPP to ensure transparency, integrity, and verifiability throughout the lifecycle of devices. It starts by harnessing the specifications of the hardware from the producer during the manufacturing phase, which is then notarized on the IOTA Layer 2 (L2) Smart Contract Chain for the immutability and authentication of the data.
Using their authorized credentials under the EBSI Trust Framework and IOTA Identity Library, companies record their proof of purchase and invoices into the DPP system. Next, the information is fed to the IOTA Verifiable Data Registry, which is implemented as a smart contract, to track and audit the ownership and distribution of the wares.
In the retail stage, merchants can link their QR codes to the DPP platform and the IOTA registry. This way, customers can view detailed information about their devices. It includes their warranty and operation manual on a DPP Viewer webpage.
IOTAâs registry also offers repair and maintenance services providers, resellers, and recyclers essential reference about the condition of the ICT products. It enables them to arrive at a more informed decision on the handling of the equipment during servicing, repairs, refurbishing, trading, recycling, or disposal.
At the end of a productâs journey, a company can submit proof of its recycling or disposal for audit. The auditor compares the information stored on the IOTA registry for the issuance of compliance certificates or rewards.
IOTA Electronics Digital Product Passport Prototype Infrastructure (Source: IOTA Foundation)
The post IOTA Unveils Innovative Digital Product Passport For ICT Goods appeared first on Blockzeit.