Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • BLOG
No Result
View All Result
Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • BLOG
No Result
View All Result
Invest In Crypto News
No Result
View All Result

IOTA Introduces Digital Product Passports for Electronics

CryptoExpert by CryptoExpert
August 9, 2024
in Blockchain News
0
IOTA and Imperial College London Launch I3-Lab for Circular Economy Research
  • Facebook
  • Twitter
  • Pinterest


You might also like

Anthropic expands Claude for nonprofits with new plugin

Sony-Backed Soneium Teams With K-Pop and Anime Creators to Tokenize IP

HOOD Price Prediction: Futures Sit 21% Below JPMorgan’s Floor as Stochastic Hits Single Digits



Lawrence Jengar
Aug 09, 2024 05:57

IOTA Foundation unveils a Digital Product Passport prototype for electronics, enhancing transparency and sustainability in the lifecycle from manufacturing to recycling.





The IOTA Foundation has launched a new Digital Product Passport (DPP) prototype aimed at revolutionizing the electronics industry by providing a transparent and traceable record of electronic devices from manufacturing to recycling, according to the IOTA Foundation Blog.

Enhancing Recycling with IOTA Technology

As part of the European Commission-funded European Blockchain Pre-Commercial Procurement, IOTA has developed two pre-commercial applications for DPPs, focusing on different circular economy scenarios. The objective is to leverage blockchain technology for data traceability and auditability in the electronics sector. The prototype ensures data integrity, regulatory compliance, and supports sustainable recycling practices.

The European Union has proposed a digital product passport as a vital component of its sustainability and circularity initiatives. This tool aims to help businesses, authorities, and consumers share and access product-related information more transparently and efficiently.

Why Electronics Need a Passport

Digital Product Passports ensure transparency and traceability throughout the lifecycle of electronic devices, including batteries. The lifecycle stages typically include:

okex

Raw Material Acquisition: Raw and secondary materials are used to create parts.
Production: Parts are assembled into devices, each with a unique identifier and comprehensive information sheets.
Use: Devices may be repaired, upgraded, reassigned, disposed of, or transferred to new owners.
End-of-Life Treatment: Devices are dismantled for parts, recycled, or disposed of in landfills.

Each stage is linked to documents that authenticate and record events, enhancing the accountability and verifiability of these processes.

Electronics Digital Product Passport Solution Prototype

Developed in collaboration with the Technical University of Catalonia and eReuse, the prototype uses IOTA Smart Contracts to capture crucial data about electronic goods. The DPP tracks the lifecycle of electronic devices from manufacturing to recycling.

Electronics DPP Prototype Architecture
Electronics DPP Prototype Architecture

The DPP covers various product types, focusing on unique electronic and ICT products.

The Journey of an Electronic Device’s DPP

A fictional narrative illustrates the journey of an electronic device through the Digital Product Passport system:

Manufacturing: A manufacturer, TechMakers Inc., produces laptops, each assigned a unique Chassis ID and Product Hardware ID. Using the DeviceHub application, a DPP is created for each laptop, capturing comprehensive details. This data is notarized on the IOTA Layer 2 Smart Contract Chain.
Distribution: DistribuTronics, a distribution company, records proof of purchase and invoices into the DPP system, updating essential distribution details via DeviceHub.
Retail: ElectroMart, a retail chain, enables consumers to access their device’s DPP using a QR code. Consumers can view detailed information about their device through the DPP Viewer webpage.
Maintenance and Refurbishment: Repair services like FixItTech update the DPP to reflect new configurations. Refurbishment companies like RenewElectro issue new DPPs for upgraded devices.
Recycling: EcoRecycle processes laptops at the end of their life, marking them as e-waste and recording proof of recycling on the blockchain. The DPP Search Engine allows verifiers to confirm the recycling proof.

Ensuring Trust and Transparency

An auditing firm, GreenCert Auditors, verifies the recycling proofs, ensuring the authenticity and integrity of the recycling data. The entire DPP system leverages IOTA’s distributed ledger technology (DLT) to ensure that all device-related data is notarized, immutable, and verifiable.

The Electronics DPP solution prototype represents a groundbreaking approach to managing the lifecycle of electronic devices, promoting accountability and responsible repair, reuse, and recycling practices for a more circular economy.

Image source: Shutterstock



Source link

  • Facebook
  • Twitter
  • Pinterest
CryptoExpert

CryptoExpert

Recommended For You

Anthropic expands Claude for nonprofits with new plugin

by CryptoExpert
October 26, 2026
0
Claude Duet outlines safety and privacy controls in research preview

Home / Latest reporting News Anthropic released a Claude for Nonprofits plugin with workflow tools, added nonprofit support features and said more than 25,000...

Read more

Sony-Backed Soneium Teams With K-Pop and Anime Creators to Tokenize IP

by CryptoExpert
October 26, 2026
0
Soneium Brings K-Pop IP to Blockchain Ecosystem With Dayonedream

Key TakeawaysOn Oct. 26, Soneium unveiled plans for native token SONEIUM to shift from infrastructure to an IP economy.The model scales creator royalties across 250+ apps and tokenizes...

Read more

HOOD Price Prediction: Futures Sit 21% Below JPMorgan’s Floor as Stochastic Hits Single Digits

by CryptoExpert
October 26, 2026
0
HOOD Price Prediction: Futures Sit 21% Below JPMorgan's Floor as Stochastic Hits Single Digits

Home / Latest reporting Price forecast Robinhood Markets (HOOD) futures on Binance are quoted at $94.88 as of October 25, 2026, trading below every...

Read more

PLTR Price Prediction: Analysts Lift Targets to $231–$250 as Binance Contract Flatlines Near $196

by CryptoExpert
October 25, 2026
0
PLTR Price Prediction: Analysts Raise Targets Before Q3 Earnings as the Binance Contract Stalls Below Its 20-Day Average

Home / Latest reporting Price forecast Palantir Technologies received fresh price target increases from both Piper Sandler and Citigroup in late October 2026, yet...

Read more

Netanyahu Says Blockchain Could Help Israel Evade to Sanctions

by CryptoExpert
October 25, 2026
0
Cointelegraph

Blockchain has become an issue in this week’s Israeli elections after Prime Minister Benjamin Netanyahu said Friday that the country could turn to cryptocurrency to avoid strains on...

Read more
Next Post
Coinpedia - Fintech & Cryptocurreny News Media

After Achieving Pivotal Zone Dogecoin (DOGE) Price Gearing up for a 20% Rise

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

Sitemap

  • Market Cap
  • Donations
  • Trading
  • Mining
  • Contact

Legal Information

  • Privacy Policy
  • Anti-Spam Policy
  • Copyright Notice
  • DMCA Compliance
  • Social Media Disclaimer
  • Terms Of Service

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

© Copyright 2024 InvestInCryptoNews.com

No Result
View All Result
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • BLOG

© Copyright 2024 InvestInCryptoNews.com

This website is using cookies to improve the user-friendliness. You agree by using the website further.

Privacy policy
bitcoin
Bitcoin (BTC) $ 80,115.00
ethereum
Ethereum (ETH) $ 2,324.23
tether
Tether (USDT) $ 0.99869
bnb
BNB (BNB) $ 743.87
xrp
XRP (XRP) $ 1.30
usd-coin
USDC (USDC) $ 0.999346
solana
Solana (SOL) $ 100.64
tron
TRON (TRX) $ 0.329321
staked-ether
Lido Staked Ether (STETH) $ 2,265.05
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.04

Pin It on Pinterest

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?