CryptoSpiel.com
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams
No Result
View All Result
CryptoSpiel.com
No Result
View All Result

IOTA working on Digital Passport Products for Circular Economy

November 2, 2023
in Crypto News
Reading Time: 4 mins read
A A
0
IOTA and Polygon Unite Forces to Battle EU’s Smart Contract Ban, Powering a Future of Innovation
0
SHARES
11
VIEWS
ShareShareShareShareShare

Source: Stanslavs – Shutterstock

  • The IOTA Foundation is actively developing Digital Product Passports (DPP) to align with the principles of the circular economy.
  • IOTA has joined forces with Zebra to offer developers and innovators a robust set of tools and capabilities for bolstering trust frameworks and decentralized identities.

The IOTA Foundation has always been at the center of building path-breaking solutions and currently, the team is working on Digital Product Passports (DPP).

The circular economy model involves innovative approaches to handling product data and resources. These resources are now being preserved through processes such as redesigning, re-manufacturing, reusing, and recycling, reflecting a shift in perspective. This is exactly where the Digital Passport Products come into the picture.

The Digital Product Passport (DPP) serves as the primary tool for implementing the new product policy and facilitating a Circular Economy throughout the value chain.

By design, DPPs offer product tracking capabilities and supply information in a machine-readable format. This information also encompasses details about a product’s origin, durability, composition, potential for reuse, repair and disassembly, as well as its end-of-life handling procedures.

Similarly, the DPP data comprises a wide range of information such as technical product details, hazardous materials, manufacturing processes, environmental footprint, key tracking events (e.g., configuration changes, transportation conditions), certificates (warranty, testing, compliance), labels (e.g., EcoLabel), and sustainability information like recycling procedures and recycled content.

IOTA is also confident that through DPPs, they would be facilitating the digitization and tokenization of billions worth of assets on the IOTA blockchain network.

Digital product passports is how we will get billions worth of assets to be digitized and tokenized on IOTA #IOTA

Look at how we have pioneered this use case and are pushing forward real world adoption👇#RWA https://t.co/lSM2Du6IDL

>> Buy Bitcoin quickly and securely with PayPal, credit card or bank transfer at eToro. Visit Website <<

— Dominik Schiener (@DomSchiener) November 1, 2023

Use Cases for Digital Passport Products

The primary audiences for DPPs are: Market Surveillance Authorities (B2G) for verification of compliance, Customs Authorities (B2G, G2G) to enhance the efficiency of enforcement activities by member states, Consumers (B2C) looking for sustainable purchasing options and safer purchases (e.g., ensuring product authenticity), Businesses (B2B) for various purposes within the value chain.

In a groundbreaking partnership, IOTA and Zebra are offering developers and innovators a range of tools and capabilities to enhance trust frameworks and decentralized identities. These features will revolutionize the way digital identities and verifiable credentials are managed on the IOTA Ledger.

The key offerings include:

  1. Trust Framework Implementation: IOTA and Zebra provide a robust framework for implementing trust frameworks. This is achieved through the use of publicly auditable Decentralized Identities recorded on the IOTA Ledger using Alias Output.
  2. Verifiable Credentials: Users gain the capability to generate and verify Verifiable Credentials (VCs) via the IOTA Identity Framework, adding an extra layer of trust and security.
  3. Node Extensions: A set of REST APIs shall publish and resolve Decentralized Identifiers (DIDs) and public credentials. These extensions also enable the verification of VCs, taking Proof of Inclusion into account.
  4. Zebra-IOTA Edge SDK: The collaboration leverages Zebra’s unique capabilities, including Datawedge, through the Zebra-IOTA Edge SDK. This empowers trust frameworks to utilize Zebra’s features.
  5. Streamlined DPP Deployment: Manufacturers can easily deploy a Digital Product Passport (DPP) represented by a cryptographically verifiable JSONLD document. The integrity of the data is ensured through a digital signature that can be verified via any IOTA Node.
  6. Digital Link Integration: A scanner can discover the DPP through a Digital Link, often accessible via a web link. The DPP can be seamlessly verified through an IOTA Node.

This innovative collaboration between IOTA and Zebra promises to open up new horizons for developers and innovators, offering a comprehensive suite of tools and features to enhance trust and security in decentralized identity management.

Best Crypto Exchange for Everyone

  • Invest in Bitcoin (BTC) and 70+ cryptocurrencies and 3,000 other assets.
  • 0% commission on stocks – buy in bulk or just a fraction from as little as $10.
  • Copy top-performing traders in real time, automatically.
  • Regulated by financial authorities including FAC and FINRA.

2.8 Million Users

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.

RELATED POSTS

Ripple CEO Says CLARITY Act Talks Near Breakthrough as Senate Standoff Eases

Argentina Reviews Phone Logs in LIBRA Case Linked to Javier Milei (Report)

Stabble Urges Users to Pull Liquidity After Alleged North Korean Hacker Link


Credit: Source link

Buy JNews
ADVERTISEMENT
ShareTweetSendPinShare
Previous Post

‘The Bear Market Is Behind Us’: Crypto Trader Lays Out Path for Bitcoin (BTC), Says Altcoins To Follow Suit

Next Post

PayPal Says It Has Received a Subpoena From the SEC Over the PYUSD Stablecoin

Related Posts

Ripple CEO Says CLARITY Act Talks Near Breakthrough as Senate Standoff Eases
Crypto News

Ripple CEO Says CLARITY Act Talks Near Breakthrough as Senate Standoff Eases

April 14, 2026
Argentina Reviews Phone Logs in LIBRA Case Linked to Javier Milei (Report)
Crypto News

Argentina Reviews Phone Logs in LIBRA Case Linked to Javier Milei (Report)

April 8, 2026
Stabble Urges Users to Pull Liquidity After Alleged North Korean Hacker Link
Crypto News

Stabble Urges Users to Pull Liquidity After Alleged North Korean Hacker Link

April 8, 2026
Next Post
PayPal Says It Has Received a Subpoena From the SEC Over the PYUSD Stablecoin

PayPal Says It Has Received a Subpoena From the SEC Over the PYUSD Stablecoin

Coinbase suspends staking services in Maryland

Coinbase suspends staking services in Maryland

Recommended Stories

Stabble Urges Users to Pull Liquidity After Alleged North Korean Hacker Link

Stabble Urges Users to Pull Liquidity After Alleged North Korean Hacker Link

April 8, 2026
Bitcoin Addresses Holding Between 100 and 10,000 BTC Hit a 7-Week High

Anthropic Reveals Claude Code Tool Design Philosophy Behind AI Agent Development

April 10, 2026
SEC Opens Proceedings on NYSE Proposal to List Grayscale Crypto ETF Options – Regulation Bitcoin News

SEC Opens Proceedings on NYSE Proposal to List Grayscale Crypto ETF Options – Regulation Bitcoin News

April 11, 2026

Popular Stories

  • Winklevoss Twins Continue Crypto Donation Spree With Another $1,000,000 in Bitcoin (BTC)

    Trader Says DeFi Altcoin Aave Witnessing Clear Trend Switch, Updates Forecast on Two Low-Cap Coins

    0 shares
    Share 0 Tweet 0
  • Kraken’s Jesse Powell Warns of Looming Government Crackdown on Bitcoin and Crypto Assets

    0 shares
    Share 0 Tweet 0
  • Gensler says SEC can consider tailoring rules for crypto industry compliance

    0 shares
    Share 0 Tweet 0
  • SSV Network brings us Ethereum Staking with its New Permisionless Mainnet

    0 shares
    Share 0 Tweet 0
  • Central Reserve Bank: Only 1.1% of Remittances Involve Cryptocurrency in El Salvador

    0 shares
    Share 0 Tweet 0
CryptoSpiel.com

This is an online news portal that aims to provide the latest crypto news, blockchain, regulations and much more stuff like that around the world. Feel free to get in touch with us!

What’s New Here!

  • Ripple CEO Says CLARITY Act Talks Near Breakthrough as Senate Standoff Eases
  • SEC Opens Proceedings on NYSE Proposal to List Grayscale Crypto ETF Options – Regulation Bitcoin News
  • Anthropic Reveals Claude Code Tool Design Philosophy Behind AI Agent Development

Subscribe Now

Loading
  • Live Crypto Prices
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - cryptospiel.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams

© 2021 - cryptospiel.com - All rights reserved!

Please enter CoinGecko Free Api Key to get this plugin works.