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CircularID™ is a global standard and digital system that enables products to be systematically identified in circular economy.
Today, identifiers are removed at point of sale. By taking the simple step to embed these identifiers into products, and generate an accompanying digital profile...
A Digital Identity is a digital twin, or a virtual replica of a physical product. Digital identity makes it possible to connect a product to the Internet of Things (IoT), and exchange information about the product via the internet.
1. Digital Birth Certificate
A product’s core data consists of all the permanent attributes of a product required to maximize its functional and economic utility for the duration of its lifespan, as well as information that is critical for regenerative processing at the end of its lifecycle.
This core data is accessible via a unique web location and in a standardized format to enable access and communication for all members of the value chain. Examples of core data attributes include product name, brand, SKU, color, description, manufacturing location, and material content, among others.
2. Digital Passport
A product’s digital passport is is a record of interactions with a product throughout its lifecycle. Whenever a physical identifier is used to access or authenticate product data, an interaction is recorded to its digital passport, adding visibility into the product’s real-world utility and value.
The digital passport is stored alongside its core product data, and provides unprecedented insight and measurability into the lifetime economic value of a product. Through data built within digital passports, brands and industry stakeholders gain invaluable insights into product usage, durability, and movement, incentivizing products to be designed and built for maximum lifetime value. Interaction data maintains consumer privacy and confidentiality through rigorous security and data governance.
3. Physical Identifier
In order to associate a physical asset with its digital profile, it needs a physical identifier that must remain attached or embedded within the asset for the entirety of its lifecycle.
A permanent physical identifier allows product data to be efficiently accessed, verified, and expanded as the product moves throughout the economy.