Digital Product Passports
Automating quality controls. Accelerating the Circular Economy.
What are DPP’s
- Becoming one of the most exciting mainstream commercial applications of blockchain technology; DPP’s or Digital Product Passports are digital identity records for any arbitrary object. Digital Twins that flawlessly replicate the defining attributes of any product and convert it into ownable data files to augment the stakeholder and consumer experience.
- Due to their rigid transparency requirement, DPPS are the perfect tools for the collection and verification of a product's state that bridge the physical-digital data diaspora to ensure compliance, provenance, and authenticity. Mechanism for effectively enabling ESG compliance by mandating DDPs to be a focal point in supply chain solutions.
- Interactive digital identities for products.
Benefits of DPP’s
Waste Management and Reduction
By enabling the transparent tracking of a product’s origination and lifecycle, it becomes possible to incentivize sustainable design processes, consumption habits and extend it’s life span. Recycling, maintenance, and buyback programs can be embedded into products that systemitize thoughtful manufacturing and ownership. Moreover, paired with an emission module, DPPs become environmental scorecards.
Authentication and Validation
Verifiability of origin to strengthen consumer confidence and enable secondary markets. DPP’s are the colloquial “finger prints” of a product that certify it’s integrity. Directly addressing the greenwashing problem, Brands are seen as being more confident in the quality of their products and in alignment with their moral obligations when they proactively deter counterfeiting/forgery.
Supply Chain Optimization
Auditable, Immutable, Accountable; leveraging a collaborative framework that is not susceptible to manipulation industries can operate with a higher degree of confidence in their counterparty. Granular administrative rights protect confidential information and operators retain irrevocable defensibility for liabilities.
Compliance
The ESG movement continues to become all the more prevalent as regulators in the EU are now mandating the presence of a DPP for all enterprises operating in the region. Spearheaded by the ESPR and CEAP, DPP’s have been defined as the perfect solution for enabling a more circular, green economy. It is expected that other nations will follow suit with mandates of their own.
Purposes of DPP`s
Waste management
Minimization of excesses and incentivization of inventory control. Optimizing processes and upholding public accountability.Product Circularity
Sustainability, longevity and quality control.Consumer Relations
Accountability and philosophy have become cornerstone factors in the selection behavior of consumers.Compliance
The EU has been aggressively pursuing a green operational framework based on ESPR & CEAP.
Engagement
The “phygital” experience. DPP’s are a new customer loyalty form factor that increases the surface area of interactions between brands and users enabling more dynamic direct relationships.Informed Decision Making
Alignment in philosophies and confidence in ownership use.Authenticity Assurance
Strengthen the feeling of security about reliability of products. Avoid counterfeits.Secondary Market
Enable stronger paradigms of trust based on ownership to create new market dynamics
Resource Optimization
Incentivize sustainable, transparent business models. Develop systems that leverage natural resources.Economic Circularity
Sustainability in design, and manufacturing. Ensuring automated quality controls in production.Commercial Leadership
Define your position with modern techniques and knowledge to craft attractive business policies.Jurisdictional ESG Alignment
Contribution to international standardization by unifying efforts with other nations.
Types of DPP’s
Legacy approach; Issued by singular super-authority through a private database that retains total control and requires high trust assumptions.
Subjected to the friction of countervailing force by defeating the very purpose it is intended to serve.
Typically available/stored exclusively on a webpage or application with access and editing rights managed by third-party platform
Hybrid approach; Issued by singular authority and stored in a consortium network; control rights remain outside purely the owner and retains /is subject to a predefined frameworks and mechanisms.
With data living in non-public repositories, application space is somewhat limited by interoperability.
Made available/stored through closed private systems with the potential to enable broader marketplace integrations.
Modern approach; Issued by originator but actually owned by the final end user. Control rights and data sourcing remain flexible while existing on a public ledger.
Fully interoperable with any external applications/environments of the asset VM standards; which in turn enable the creation of secondary markets.
Access rights are determined by private keys and additional revenue streams (royalties) become possible.
What kind of information is uploaded to a DPP?
Raw Material
Serial references IDs
Configurations
Weight/style/etc.
Warrenties
Name ID
Insurance
Repair history
Other relevant info
Use Cases & Applications
Watches
Batteries
Kitchen Appliances
Collectible Cards
Books
Smartphones
Automobiles
Bio-Hazardas Material
Jewlery
Art
Packaging
Chemical Compounds
Medical Equipment
Industrial Machinery
Weaponry
Trophy’s / Awards
Baby Toys
Wine/Spirits
Cigars
Limitless others
Have Any Questions?
The Process
Initial Call
We conduct a call to introduce ourselves and chat about your projects needs, expectations, and specific nuances of your current situation.
Define Requirements/Objectives
We will review all of the information we gather on our initial call and conduct a deeper review of your project.
Develop Framework
We will create a custom proposal outlining all of the working specifications for you and your team to review.
Develop DPP (alpha)
Once a proposal has been agreed upon we will commence work according to the blueprint laid out immediately.
Enable FrontEnd w/ admin rights
Measuring output for BD is impossible due to the asymmetric benefits of qualitative factors. Accountability towards KPI's set out in proposal.
Manage circulation
Once a proposal has been agreed upon we will commence work according to the blueprint laid out immediately.