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IOTA Showcases DLT Solution as United Nations Launches Global Product Passport Standard

  • The United Nations, in partnership with UNECE and ISO, has launched the first global standard for Digital Product Passports, aiming to enhance trade verification and traceability worth over $50 trillion.
  • IOTA showcased its Distributed Ledger Technology (DLT) solution at the event, providing a model for digital transparency in product tracking, offering details on origin, production methods, and environmental impact.
  • The collaboration between Digimarc and IOTA presents a real-world pilot addressing issues like QR code inconsistencies, potentially becoming a key element for global compliance under the new standard.
  • IOTA's development of a Notarization toolkit, with features like Locked Notarization and Dynamic Notarization, along with its price surge and investor interest, positions it as a significant player in the validated product tracking market, possibly becoming a foundation for future industry standards.

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