Deposy uses the properties of the cryptocurrency IOTA in combination with the tangle. IOTA is used for payments because transaction fees are avoided. (What is IOTA?) The transfer and validation of the product data is handled by Tangle. This gives the plastic packaging an immutable identity.

There have been many discussions with industry stakeholders and companies in recent weeks. Research institutions will do a scientific monitoring of the project. Additionally, there are already some offers for testbeds.

Upon implementing the Deposy project, the following aspects are important to us: