Key Advancements by IOTA in Blockchain

• IOTA’s Contributions in European Blockchain PCP
  IOTA has made significant advancements in tokenized KYC, intellectual property rights management, and digital product passports as part of the European Blockchain Pre-Commercial Procurement project.

• Secure KYC Solution for DeFi
  IOTA has launched a secure Know Your Customer (KYC) solution that enhances identity security in the decentralized finance (DeFi) ecosystem while simplifying compliance.

The IOTA blockchain is a leader in the EU blockchain ecosystem, innovating solutions for regional businesses. Recently, the IOTA Foundation concluded the European Blockchain Pre-Commercial Procurement (PCP) project supported by the European Commission. This initiative is aimed at creating innovative distributed ledger technology (DLT) solutions for Europe.

IOTA’s KYC Solution for DeFi Applications

IOTA’s new KYC solution helps users verify their identities without revealing personal data, reducing identity theft risks. This system integrates compliance and enhances user experience in Web3 applications, representing a notable advancement in DeFi safety.

Intellectual Property Rights Payments Simplified

IOTA has introduced a prototype leveraging DLT and smart contracts to resolve transparency and payment issues in intellectual property rights management. The system facilitates automated contracts for artists and rights holders, ensuring accurate tracking of earnings and improving user experience.

Development of Digital Passport Products

IOTA is developing Digital Product Passport (DPP) solutions aimed at promoting sustainability and supporting a circular economy. These DPPs provide essential product information for recycling and repair, particularly for plastics and electronics, contributing to reduced waste and compliance with environmental regulations.