Eviden's Digital Product Passport Supports Blockchain
References: eviden & consultancy.eu
Eviden's new Digital Passport Solution allows consumers to track a product's lifecycle, from creation to disposal. Perfect for consumers looking to prioritize sustainable consumption, this unique solution showcases how a product can impact the environment from the minute it is designed.
“Together with IOTA, we are proud to launch our joint blockchain-based Digital Passport Solution, which is in full compliance with the EU legal framework,” said Udo Littke, head of Eviden in Central Europe. “It aims to bring the highest level of transparency to help consumers and businesses make informed choices when purchasing products.”
The Digital Passport Solution also benefits the supply chain while encouraging experimentation based on collected data. Currently, this solution will be used for electric vehicle batteries, product supply chain and digital media content.
Image Credit: Eviden
“Together with IOTA, we are proud to launch our joint blockchain-based Digital Passport Solution, which is in full compliance with the EU legal framework,” said Udo Littke, head of Eviden in Central Europe. “It aims to bring the highest level of transparency to help consumers and businesses make informed choices when purchasing products.”
The Digital Passport Solution also benefits the supply chain while encouraging experimentation based on collected data. Currently, this solution will be used for electric vehicle batteries, product supply chain and digital media content.
Image Credit: Eviden
Trend Themes
1. Blockchain-driven Transparency - Blockchain technology embedded in digital passports ensures product lifecycle transparency, enhancing trust among consumers seeking sustainability.
2. Sustainable Product Lifecycle Tracking - Tracking products from creation to disposal enables consumers to understand environmental impacts, fostering more sustainable purchasing decisions.
3. Data-driven Supply Chain Innovation - Leveraging data from digital product passports allows companies to refine supply chain processes, optimizing efficiency and reducing waste.
Industry Implications
1. Electric Vehicle Manufacturing - Electric vehicle manufacturers can utilize digital passports to monitor battery lifecycle, ensuring responsible sourcing and disposal practices.
2. Logistics and Supply Chain Management - In supply chain management, digital product passports offer new data insights for enhancing transparency and operational efficiency.
3. Digital Media Content Distribution - The use of digital product passports in digital media content distribution allows for better tracking of content usage and rights management.
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