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- As part of European blockchain PCP, IOTA’s efforts include key advancements in tokenized KYC, intellectual property rights management, and digital product passports.
- It has also introduced a secure Know Your Customer (KYC) solution for the decentralized finance (DeFi) ecosystem.
The IOTA blockchain has been at the forefront of the EU blockchain revolution while building cutting-edge solutions for businesses operating in the region. Last year, the IOTA Foundation successfully concluded the European Blockchain Pre-Commercial Procurement (PCP) project, funded by the European Commission, as mentioned in our previous report.
This initiative focuses on designing innovative distributed ledger technology (DLT) solutions for Europe. As part of the project, the foundation developed advanced product solutions while showcasing their scalability and sustainability. In addition to this, the blockchain has also been working on some of the other key lighthouse projects such as tokenized KYC, intellectual property rights management, as well as digital passports. Let’s take a look at each of these.
IOTA Introduces Secure KYC Solution for DeFi Applications
IOTA has unveiled a new Know Your Customer (KYC) solution aimed at enhancing safety and security within the decentralized finance (DeFi) ecosystem. The innovative system enables users to authenticate their identities without disclosing personal information, significantly reducing the risks of identity theft and fraud.
The solution is designed to ensure regulatory compliance while enhancing user experience by seamlessly integrating KYC processes into Web3 applications. This development marks a significant step toward creating a secure and user-friendly DeFi environment. As noted in our earlier post, it was also part of the TradeTech Forum 2025, recently held in UAE.
Developing DLT Solution to Simplify Intellectual Property Rights Payments
IOTA has introduced a prototype solution leveraging distributed ledger technology (DLT) and smart contracts to address transparency and payment issues in intellectual property rights management.
The new system aims to streamline the process for artists and rights holders by utilizing automated, transparent digital contracts. This innovation simplifies rights management, ensuring accurate tracking and verification of earnings while improving overall user experience.
By addressing longstanding challenges in payment transparency, IOTA’s solution offers a fairer system for rights holders in the digital media landscape.
Working on Digital Passport Products
IOTA has announced the development of Digital Product Passport (DPP) solutions designed to promote sustainability and support a circular economy. These DPPs, created as part of the European Blockchain Pre-Commercial Procurement (PCP) initiative, provide detailed product information to facilitate recycling, reuse, and repair.
The IOTA-powered DPP system is tailored for plastic and electronic goods, aiming to reduce waste, extend product lifecycles, and ensure compliance with environmental regulations, as mentioned earlier. By enabling seamless access to product data, this innovation contributes to more sustainable production and consumption practices across industries.
