The post IOTA and Digimarc Transform Plastic Waste with Digital Product Passports appeared on BitcoinEthereumNews.com.

Alvin Lang Aug 09, 2024 14:32 IOTA and Digimarc introduce Digital Product Passports to enhance transparency in plastic recycling, promoting a circular economy. IOTA Foundation, in collaboration with Digimarc, has introduced Digital Product Passports (DPPs) to track and trace the recycling of plastic waste into bioplastics, according to IOTA Foundation. This initiative aims to foster transparency and support a circular economy by meticulously documenting the lifecycle of plastic waste. IOTA Tech Boosts Circular Economy In a significant step towards enhancing the circular economy, IOTA Foundation and Digimarc are leveraging distributed ledger technology (DLT) to monitor the recycling journey of plastics. The project focuses on converting farm plastic waste into bioplastics used in consumer products, ensuring both business-to-business (B2B) and business-to-consumer (B2C) verification. Plastic mulch film, widely used in modern agriculture for weed suppression and water conservation, often ends up in landfills, posing environmental challenges. Recycling these plastics into biodegradable products, however, is complex and costly. According to the OECD, only 9% of plastic waste is recycled, with 22% being mismanaged. This underscores the need for a reliable system to trace plastic waste through its recycling process. Introducing Digital Product Passports The Digital Product Passport (DPP) for Plastics prototype solution provides comprehensive data on the lifecycle of plastic waste, from its disposal to its transformation into new products. This data is recorded using the GS1 EPCIS 2.0 standard and stored on the IOTA ledger, ensuring verifiable claims about product provenance. Chain of Events Leading to the DPP for Plastics The DPP solution involves several stages, starting with the waste production stage, where farms use plastic mulching films for crop protection. After harvest, the used plastic is collected, and its data is recorded on the IOTA ledger. The waste is then picked up by an authorized waste manager, who tracks its journey…

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Filed under: News - @ August 11, 2024 11:26 am