KEY TAKEAWAYS
- The IOTA Foundation’s Business Innovation Program supports projects with up to €100,000 in funding to develop real-world solutions on the IOTA Mainnet.
- Selected projects include Impierce, Orobo, and ObjectID, focusing on digital identity, sustainable supply chains, and product traceability.
- These initiatives leverage IOTA’s Distributed Ledger Technology to enhance privacy, transparency, and compliance across various industries.
- The program remains open for new participants until December 31, 2025, encouraging proposals for scalable solutions to real-world challenges.
The IOTA Foundation has announced the first participants in its Business Innovation Program (BIP), aimed at developing real-world solutions on the IOTA Mainnet. The program, which offers up to €100,000 in funding and hands-on support, has selected three projects: Impierce, Orobo, and ObjectID. These initiatives focus on digital identity, sustainable supply chains, and product traceability, respectively.
Impierce Technologies, a European social enterprise, is dedicated to creating privacy-first digital identity solutions. Their ecosystem includes UniMe, a self-sovereign identity wallet, UniCore, an agent platform for credential verification, and UniTrust, a trust layer for B2B/B2C interactions. By leveraging IOTA’s Distributed Ledger Technology (DLT), Impierce aims to enhance user privacy and ensure uninterrupted access to digital identities.
Orobo is developing a Digital Product Passport platform to meet Europe’s sustainability requirements. This platform enables manufacturers to trace and verify a product’s lifecycle, aligning with regulations like the Ecodesign for Sustainable Products Regulation. Orobo’s use of IOTA’s public blockchain infrastructure ensures transparency and compliance across global supply chains.
SDV Consulting’s ObjectID assigns verifiable digital identities to physical products, enhancing traceability and authenticity. By anchoring object records to IOTA’s public infrastructure, ObjectID provides a scalable and secure solution for managing product identities across various industries.
These projects are actively building on the IOTA Mainnet, utilizing its scalable infrastructure to address challenges in compliance, trust, and data integrity. The Business Innovation Program remains open for new participants until December 31, 2025, inviting proposals that offer verifiable and scalable solutions to real-world problems.
Why This Matters: Impact, Industry Trends & Expert Insights
The IOTA Foundation has announced the first participants in its Business Innovation Program, which aims to develop real-world solutions on the IOTA Mainnet. The selected projects focus on digital identity, sustainable supply chains, and product traceability.
Recent industry reports indicate that decentralized identity solutions are gaining traction, giving users greater control over their personal data. This aligns with Impierce Technologies’ efforts to create privacy-first digital identity solutions using IOTA’s Distributed Ledger Technology.
A Deloitte report highlights blockchain’s role in addressing current supply chain challenges such as fragmented tracking and regulatory compliance. This supports Orobo’s development of a Digital Product Passport platform, which uses IOTA’s blockchain infrastructure to ensure transparency and compliance across global supply chains.
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