🎉 Gate xStocks Trading is Now Live! Spot, Futures, and Alpha Zone – All Open!
📝 Share your trading experience or screenshots on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 July 3, 7:00 – July 9,
IOTA Showcases DLT Solution as United Nations Launches Global Product Passport Standard - Crypto News Flash
The first global standard for Digital Product Passports has been officially launched through a partnership between the United Nations Economic Commission for Europe (UNECE) and the International Organization for Standardization (ISO). This new framework is expected to reshape the verification and traceability of global trade worth more than $50 trillion.
As part of the event, IOTA presented its Distributed Ledger Technology (DLT) solution, offering a working model for digital transparency. The standard allows every product—from electronics to clothing—to carry a verified digital identity showing origin, production methods, and environmental footprint.
Unlike regional initiatives, the involvement of UNECE gives this standard a global force. As a rule, when UNECE sets a policy, 193 member states eventually implement it through domestic regulations, effectively turning it into international law.
Global Law-Backed Rollout Puts IOTA in Key Position
IOTA is currently ahead of competitors by offering a fully functional demonstration on how blockchain-like tools can work in a real-world product tracking system. One of the core issues tackled is the QR code inconsistency problem, which IOTA addresses through verified data claims and full supply chain records.
The collaboration between Digimarc and IOTA introduces a working pilot that may serve as the backbone for the authentication of billions of items under this newly established legal framework. Analysts view this not just as a technical trial but as a potential baseline for worldwide compliance.
This development ties into an already expanding market estimated at $440 billion, focusing on digital identities and cross-border verification. It also supports the European Union’s upcoming regulations for Digital Product Passports, along with long-standing United Nations goals centered on sustainability and traceability.
IOTA’s Notarization Tool Positions It for Long-Term Use
Previously, we reported that IOTA released an alpha version of its open-source Notarization toolkit. The toolkit supports two distinct methods: Locked Notarization, which targets credentials, certifications, and legal frameworks; and Dynamic Notarization, which applies to IoT networks, real-time data, and product passports.
One technical advantage lies in its refundable storage design. Records stored on IOTA’s ledger come with a deposit that can be reclaimed once data is no longer needed, lowering the overall long-term cost. The system also prevents unauthorized data changes, improving trust and uptime.
At the time of writing, IOTA saw a price increase to $0.1681, up 8.13% in the past 24 hours. Daily trading volume also climbed over 52% to 17.07 million. According to analysts referenced by CNF, the token may rise to $0.27, which would mean a further gain of 60.62% from the current level.
This financial activity shows growing investor interest in the practical implementation of the platform. If adopted globally through this United Nations standard, IOTA can become a foundation for the future of validated product tracking.
Recommended for you: