Validate that material sourcing and manufacturing processes abide by ethical and sustainable standards.
Create an immutable digital identity and record of a physical product’s lifecycle and history.
Prove product authenticity to combat counterfeit goods and fraudulent supplier practices.
Verify goods and easily transfer ownership data from one party to another – optimising the resale process.
Real-Time Digital Certificate
The Protokol Digital Product Passport can be likened to a secure and immutable digital certificate that captures and stores all related product information in real-time onto an immutable blockchain. The collected data points can be configured inline with the actual product and can be accessed by both brands and the end-user via dedicated applications.
Details of current and previous product owners including their credentials and an audit trail of ownership timeframes.
View major and minor events that occurred throughout a product’s lifecycle from manufacturing to present day ownership.
Explore information on the origin of raw materials and components used in the manufacturing process of the product.
Discover information on product breakdown, damage or incidents that required resolution, repair or service.
Details on product warranties, insurance and manufacturer guarantees across a product's lifetime including expiry & repurchase data.
Identify changes in product ownership and exchanges between buyers and sellers and initiate new transactions.
Protokol Digital Product Passport Benefits
A transparent overview of a product’s lifecycle provides buyers with increased trust and confidence when making purchase decisions as they are provided a guarantee as to a product’s authenticity, sustainability and state.
By combating against the forgery and counterfeit market – brands are able to protect both their brand and their customers through ensuring the legitimacy of products being sold and resold.
Enabling oversight of events and transactions throughout a product’s lifecycle and providing customers/buyers with full visibility of this data protects the value of the product by providing clarity related to a product’s source, status or history.
Organisations are provided with a mechanism for proving that they comply with both ethical and sustainable sourcing and practices with secure data detailing the sourcing of raw materials and the manufacturing process.
How It Works
Protokol’s fully customisable Digital Product Passport solution features secure and immutable digital twins of physical products, viewable by both luxury brands and their customers via the dedicated applications.
The Protokol Digital Product Passport enables luxury goods brands to both trace the source and prove the sustainability of their products. Data relating to provenance of raw materials, manufacturing, batch details and more are recorded on a transparent yet immutable blockchain, where data cannot be overwritten or forged. This allows brands to prove sustainable sourcing practices for their goods to auditors, regulators and consumers alike.
A secure Digital Twin of a physical product is created using the Protokol Digital Product Passport. The Digital Twin is a unique digital representation of each individual product. Data on a product’s lifecycle, ownership and source can be easily and securely recorded, and is easily accessible for both brands and customers . Plus, unlike physical certificates, digital twins cannot be forged, replicated, damaged or destroyed.
Authenticity of a product is provable with the Protokol Digital Product Passport. For brands such as fashion where counterfeiting is a huge challenge, product passports quickly and easily determine not only whether a product is authentic, but can even verify ownership (while protecting the owner’s personal details). The ability to present the digital passport alongside the linked physical product will enable brands and consumers alike to effectively combat the counterfeit market.
As resale markets for luxury goods continue to grow, so too does the need for a tool that can rapidly and accurately authenticate goods. Not only does the Protokol Digital Product Passport enable customers to verify the authenticity of their goods before transferring ownership; but the fast and easy verification of second-hand goods generates real opportunities for luxury brands themselves to unlock new revenue streams in profitable resale markets.