The post IOTA Partners with Digimarc for Digital Product Passport appeared on BitcoinEthereumNews.com.

IOTA is fueling the innovation of digital passports with applications in agricultural recycling. Amidst the bullish twist, the price of IOTA is down at the time of writing. IOTA, an open-source distributed ledger, recently allied with software company Digimarc to improve the recycling potential of plastics in agriculture. This partnership is part of the second pilot testing of the blockchain-backed Digital Product Passport (DPP) regulation adopted by the European Commission. The IOTA and Digimarc Partnership The recycling of plastics in agriculture faces notable challenges, like the need for more transparency and verifiable information. Dominque Guinard, VP of Innovation at Digimarc, noted in a blog post that the partnership with IOTA aims to tackle this challenge with support from the Agro2Circular (A2C) project. Excited to report on the learnings from our second #DigitalProductPassport pilot. A partnership between @digimarc & @iota tested within the @Agro2Circular #EU project to improve the recycling potential of plastics in agriculture: #DID #VC @GS1 #DigitalLinkhttps://t.co/wa40YxWeQb pic.twitter.com/purh6RhJ3Z — Dominique Guinard (@domguinard) June 21, 2024 IOTA and Digimarc leveraged the European Blockchain Service Infrastructure (EBSI), a distributed ledger technology designed to facilitate cross-border services within Europe. The project employs Digimarc’s digital twin technology, an advanced watermark or QR code, to capture real-time product information. This data is stored on the Digimarc Illuminate platform and anchored to the IOTA ledger. It allows stakeholders to track plastic throughout its lifecycle, from waste producer to recycled product. One of the pilot’s core strengths is exploring a permission trust model. This model utilizes Decentralized Identities (DIDs) and Verifiable Credentials (VCs). These help ensure that only authorized stakeholders can make claims about a product’s sustainability attributes. This approach effectively combats the potential for greenwashing within the system. The IOTA distributed ledger served as the platform for creating the trust model. For instance, a central…

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Filed under: News - @ June 25, 2024 5:26 am