A Digital Product Passport is an electronic record containing information about a product’s origin, components, and environmental impact throughout its lifecycle. This digital document aims to provide transparency and traceability for goods. It stores data on material sourcing, manufacturing processes, and recycling potential. Such passports support consumer awareness and regulatory compliance.
Context
Digital Product Passports are gaining traction in news related to supply chain transparency, particularly in industries facing strict environmental and ethical regulations. Blockchain technology is frequently considered a suitable underlying system for these passports due to its immutable record-keeping capabilities. Discussions often focus on their implementation challenges and potential to combat counterfeiting and promote sustainable consumption.
This initiative establishes a scalable, DLT-powered framework for comprehensive product lifecycle data, enhancing supply chain transparency and regulatory compliance for enterprises.
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