Recently, the IOTA Foundation has teamed up with enterprise software and services provider Digimarc, and Agro2Circular, a European project dedicated to upcycling agri-food waste and plastics with around 50 partners, to develop the Digital Product Passport (DPP) solution prototype for plastics.
IOTA is an open, feeless and scalable distributed ledger, designed to support frictionless data and value transfer. It is the first distributed ledger built for the “Internet of Everything” – a network for exchanging value and data between humans and machines.
IOTA is providing distributed ledger technology (DLT) to Digimarc and Agro 2 Circular to track plastics throughout recycling. It employs the GS1 EPCIS 2.0 standard to record supply chain events and supports DPPs for both intermediate and final products, ensuring B2B and B2C verification, respectively. Claims about product provenance can be supported by proofs maintained on the IOTA ledger.
About Digital Product Passports
Digital Product Passports ensure transparency and traceability in the lifecycle of products. The DPP for Plastics prototype solution contains data on the lifecycle of plastic from its disposal by waste producers to its transformation into new market-ready products by manufacturers, encompassing intermediate commercial products along the way (such as recycled polyethylene pellets).
The DPP solution prototype for plastics uses blockchain technology to make sure that the lifecycle of farming plastics is open and transparent. This supports a circular economy and lowers the impact on the environment.
