Based on this new ISO standard, companies shall describe, for each product, all relevant information in controlled and auditable statements, with the aim to help consumers and manufacturers make educated choices, increase the value of their products, and enable future product uses within circular supply chains.

In order to help companies comply with the ISO standard in a fully interoperable manner, Compellio now provides a trusted accountability system that addresses the difficulty for industry and consumers to access reliable data on the circular properties of a product. The solution uses blockchain-enabled registries, tokenised data, and verifiable credentials for PCDS-related assets, while leveraging self-sovereign identity (SSI) components to ensure trusted authentication, auditability, and data access services. The GDPR-compliant solution is offered as cloud-based SaaS (Software as a Service) with plug-and-play API connectivity for enterprise systems and on-premise deployments.

Recognising the impact of this web3 solution on EU’s digital transformation and sustainability goals, Compellio’s Digital Product Passport has been selected as a winner by EU’s Next Generation Internet programme led by the eSSIF Lab which looks for interoperable SSI working applications for real-world challenges and opportunities in e-Government.

Compellio is now welcoming applications from industrial companies, auditors, and institutions active in circular supply chains that wish to join its Digital Product Passports “Early-Adopters Programme” via this link: https://share-eu1.hsforms.com/1F2wuSufTSCa5IUzmr4Ps0gf0lwn

Denis Avrilionis PhD, founder and CEO at Compellio, stated the following:

“By joining our early adopters programme, circular economy stakeholders have now the opportunity to experiment with our Digital Product Passport solution, drive connectivity with their own IT systems, and adapt it to their unique business processes. With this solution, our vision is to facilitate an open, transparent, and trustworthy ecosystem for circular product compliance globally.”