Digital Product Passport - The next revolution in products trade in the EU
The European Union's "Digital Product Passport" (DPP) initiative is part of a broader effort to promote sustainable products and circular economy practices. This initiative aims to provide detailed information about products throughout their lifecycle, from production and use to recycling and disposal. The DPP will be a digital record containing data such as the product's materials, origin, repair, and dismantling possibilities. This information would be accessible through QR codes and other digital means.
The Digital Product Passport will help:
Increase Transparency: with more detailed information available, consumers can make informed decisions regarding their purchases' sustainability and environmental impact.
Promoting Circular Economy: essential information for the repair, reuse, and recycling of products. This could help extend product lifespans and reduce waste.
Facilitating Compliance and Reporting: for manufacturers and companies, the DPP will help with environmental regulations and standards.
Some information that might be available in the Digital Product Passport is:
origin
producer’s name
all logistic operators involved (3PL transportation, warehouses)
retailers
durability
reparability
recycled content
spare parts availability
If you want to know more about the Digital Product Passport, read the EU information.
Sensefinity has a Digital Product Passport platform with a blockchain, sensors, and trackers as oracles that guarantee the entire product journey.
If you want to talk about this, let’s schedule 1/2 hour!