IOTA and Eviden start digital creation characteristic resolution – Information Global Web

IOTA meet partnered with Eviden to inform the Eviden Digital Passport Solution (EDPS).

This DLT-based Digital Product Passport (DPP) offers broad accumulation on a product’s chronicle cycle, enhancing image and traceability from creation to disposal.

The characteristic module counterbalance creation sourcing and ingest cases, hoping to bonded responsibility from a product’s advent initiate to disposal. EDPS, supercharged by IOTA’s technology, aims to streamline restrictive deference and encourage sustainability. 

The characteristic resolution module simplify the impact of deference with EU environmental standards and regulations, much as the EU Battery Regulation and the Ecodesign for Sustainable Products Regulation. 

The EDPS promotes a circular economy and strengthens cater chains by managing accumulation expeditiously and reaction accumulation consumption.

Two EDPS components

The resolution comprises digit components: the Passport Creator and the Passport Distributor. The Passport Creator, which is armored with a blockchain node, captures primary accumulation at the outset. The Passport Distributor facilitates admittance to EDPS for diminutive and medium-sized enterprises (SMEs) via scheme and app platforms. 

Initially centering on electric vehicle (EV) batteries, EDPS plans to modify into another sectors, including manufacturing, fashion, and food.

Benefits

EDPS offers individual advantages, much as aiding in making well-informed decisions, chase creation chronicle cycles, and investment data. The DLT monitors a product’s rank chronicle cycle, guaranteeing cost-effectiveness and traceability. By using the accumulation generated throughout a product’s chronicle cycle, EDPS hopes to add on more ingest cases.

IOTA’s Tangle technology, famous for its scalability and efficiency, underpins EDPS, ensuring bonded and changeless dealings recording. 

This cooperation is due to intend conception and explore additional uses of IOTA’s technology in orbicular digital change and accumulation monetization.

“This partnership leverages our unequalled render benefits and creates a brawny compounding of capabilities,” said Dominik Schiener, Co-Founder and Chair of the IOTA Foundation. Udo Littke, Head of Eviden Central Europe, Atos Group, added, “This localised and incorruptible profession creates an open, fair, and bonded stock that builds consortium and promotes conversant choices.”