IOTA has partnered with Eviden to launch the Eviden Digital Passport Solution (EDPS). This DLT-based Digital Product Passport tracks a product’s life cycle, enhancing transparency and traceability from production to disposal.
EDPS aims to ensure accountability from product creation to disposal, promoting sustainability and simplifying compliance with EU environmental standards like the EU Battery Regulation. The solution features two components: the Passport Creator and the Passport Distributor, making it accessible to SMEs via web and app platforms.
Initially targeting electric vehicle batteries, EDPS plans to expand into other sectors such as manufacturing, fashion, and food. Its use of IOTA’s Tangle technology ensures secure and immutable transaction recording, driving innovation in global digital trade and data monetization.
This collaboration strengthens supply chains, promotes a circular economy, and supports well-informed decision-making, marking a significant step towards sustainable and transparent product management.
