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First Web3 Global Battery Passport Implementation for Current and Future Regulatory Compliance

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DENSO, Honda, Mazda, and Nissan among MOBI members who have completed Stage 1 of the Cross-Industry Interoperable Minimum Viable Product, a three-year initiative towards a decentralized Global Battery Passport built for data privacy and selective disclosure  

LOS ANGELES, July 11, 2024 /PRNewswire/ — MOBI, a global nonprofit Web3 consortium, is thrilled to announce a significant milestone in development of the Web3 Global Battery Passport (GBP) Minimum Viable Product (MVP). In a historic first, the MVP has successfully demonstrated battery identity/data validation and exchange between nine organizations using open-standards — MOBI Battery Birth Certificate and the World Wide Web Consortium (W3C) Self-Sovereign Identity (SSI) framework — an achievement that carries exciting implications for stakeholders of the battery value chain and lays critical groundwork for the Web3 Economy. Organizations worldwide are invited to join and collaborate in this trailblazing effort.

Participants of MOBI Circular Economy and the GBP Working Group, constituting close to USD 1 Trillion in annual revenue and representing diverse functions within the global battery ecosystem, have successfully completed Stage 1 of the three-year MVP and are set to begin Stage 2. Implementers of the decentralized GBP include Anritsu, DENSO, HIOKI, Honda, Mazda, Nissan, and TradeLog Inc.

As the world increasingly turns to batteries for sustainable energy solutions, global battery value chains are making continuous improvements to enhance operational efficiency, circularity, and cross-border compliance. Forward-looking global policies like the US Treasury’s Section 30D Guidance on EV Tax Credits and the EU Battery Regulation mandate digital recordkeeping to track battery life cycles, underscoring the need for a global battery passport — a digital credential containing key information about the battery’s composition, state of health, history, and more.

Creating a scalable GBP will require cross-industry interoperability, such that entities across the value chain can securely coordinate and selectively share relevant data without the need to pay for costly one-off integrations or abandon their existing systems. MOBI and its members believe Web3 can become a key enabler for cross-industry interoperability at scale. SSI in particular introduces a promising approach to unlocking powerful synergies, enabling entities to securely control and share credentials across different web applications and platforms without the need for centralized intermediaries. To this end, MOBI and its members are building a decentralized Web3 marketplace ecosystem with standardized communication protocols for Self-Sovereign Data and SSI, designed such that the federated infrastructure and data therein are not controlled or managed by one organization. While MOBI MVP initiative demonstrates a specific use case for implementing the GBP, the benefits of MOBI Web3 implementation extend to almost any use case that involves multiparty transactions.

In Stage 1 of the initiative, implementers demonstrated the Integrated Trust Network (ITN) identity services of one-to-one cross-validation for battery identity and data. The ITN serves as a federated (member-built and operated) registry for W3C Decentralized Identifiers, offering SSI management for connected entities such as batteries and their value chain participants. The ITN is the first enterprise network supporting multiple blockchains at the same time. These features are unique to the ITN, built for high resilience by ensuring the network’s functionality and sustainability do not rely on a single organization or blockchain.

Stage 2 will demonstrate Citopia decentralized marketplace services through creation of the cross-industry interoperable, privacy-preserving GBP. ITN services are one-to-one whereas Citopia services are one-to-many (and many-to-one). Through Web3 implementation, the availability and selective disclosure of trusted data and identities throughout the battery value chain will beget digital services and applications such as enhanced battery and carbon credits management, vehicle-to-grid communications and transactions, risk-based insurance calculations, and data-driven used electric vehicle pricing.

“Today’s global battery value chain is complex and it’s difficult to simultaneously ensure efficiency, scalability, safety, circularity, and regulatory compliance. To balance these priorities, we need to enhance battery lifecycle management through the creation of a shared ecosystem with SSI framework for secure coordination and selective disclosure of sensitive data,” said MOBI CEO and Co-founder, Tram Vo. “Driving innovation at this scale requires cross-industry collaboration. We invite public and private organizations worldwide to join us in this critical pursuit.”

“Web3 is an interesting technology which may facilitate a more scalable approach to exchanging battery data in a peer-to-peer fashion between organizations,” said Christian Köbel, Senior Engineer at Honda Motor Co., Ltd.

“It is confirmed how Web3-based self-sovereign data management works throughout Stage 1 of the MVP,” said Yusuke Zushi, Senior Manager at Nissan.

Said Mazda Motor Corporation, “Through participation in the GBP Working Group, we not only acquired the technical knowledge of Web3 but also understood a vision of an ecosystem that realizes the exchange of reliable information. We appreciate MOBI for giving us this invaluable opportunity.”

“The Stage 1 MVP experiment was instrumental in deepening our understanding of a system that enables sovereign data management. In the current era of data, the integrity and safety of information flow are paramount. As an experienced manufacturer of measuring instruments, HIOKI has always placed a premium on the reliability and accuracy of data,” said Kenneth Soh, Executive Officer at HIOKI. “We believe that the insights gained from this MVP are vital for the future progress of measurement instrument manufacturers and the industries we serve, from the perspective of innovation and societal contribution driven by mechanisms that offer both security and precision in data distribution.”

“The successful implementation of the Web3 GBP MVP is a significant step towards a more transparent and sustainable battery ecosystem. We are honored to contribute to the realization of the GBP as participants in this important initiative,” said Hisashi Matsumoto, Senior Manager at Anritsu.

“We, TradeLog, Inc., proudly support the decentralized Global Battery Passport project, driven by the efforts of MOBI and its dedicated Implementers,” said Alvin Ishiguro, Project Coordinator at TradeLog, Inc. “Going forward, we will continue to deliver our customers new experiences through blockchain technologies in the energy sector.”

About MOBI
MOBI is a global nonprofit Web3 consortium. We are creating standards for trusted Self-Sovereign Data and Identities (e.g. vehicles, people, businesses, things), verifiable credentials, and cross-industry interoperability. Our goal is to make the digital economy more efficient, equitable, decentralized, and circular while preserving data privacy for users and providers alike. For additional information about joining MOBI, please visit www.dlt.mobi.

Media Contact: Grace Pulliam

Email: grace@dlt.mobi  

MOBI Communications Manager

Twitter: twitter.com/dltmobi

 

SOURCE MOBI

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Palindrome Technologies Approved as Cybersecurity Label Administrator for FCC’s IoT Program

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PRINCETON, N.J., Jan. 6, 2025 /PRNewswire/ — Palindrome Technologies has been conditionally approved as a Cybersecurity Label Administrator (CLA) for the Federal Communications Commission’s (FCC) voluntary Internet of Things (IoT) Cybersecurity Labeling Program.

As a CLA, Palindrome will evaluate and certify IoT products that meet FCC cybersecurity standards.
Qualified products will bear the “U.S. Cyber Trust Mark” label.
This program is designed to incentivize manufacturers to meet higher cybersecurity standards and differentiate trustworthy products in the marketplace, and most importantly, help consumers make informed decisions about the products they use in their homes.

Peter Thermos, Palindrome CEO, stated, “We are honored to support the FCC’s efforts in strengthening IoT security and building consumer trust. Our expertise in security assurance testing of network devices and products positions us well for this role.”

Palindrome will provide manufacturers with:

Streamlined application review and management for FCC IoT Label usage authorization

Assistance with preparation for certification

Guidance throughout the certification process

Testing and certification of IoT products

Awareness and training

The program offers benefits to manufacturers, connected infrastructure, and consumers by raising cybersecurity standards and providing clear information about device security.

For more information, visit the Palindrome Technologies website.

About Palindrome Technologies:
Since 2005, Palindrome Technologies has been a trusted cybersecurity partner to Fortune 500 companies and growing organizations that want to engineer cyber resilience in emerging threat environments. With a focus on excellence, curiosity, and integrity, Palindrome helps clients defend against cyberattacks across all attack surfaces, including hardware, software, network-to-cloud, people, and emerging technologies. 

For inquiries, please contact

john.schelewitz@palindrometech.com

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Home And Office Paper Shredders Market size to increase by USD 1.69 Billion between 2024 to 2029, Market Segmentation by End-user, Product, Geography, Technavio

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NEW YORK, Jan. 6, 2025 /PRNewswire/ — The global home and office paper shredders market size is estimated to grow by USD 1.69 billion from 2025 to 2029, according to Technavio. The market is estimated to grow at a CAGR of 9.9% during the forecast period. The report provides a comprehensive forecast of key segments below- 

Segmentation Overview

End-user 1.1 Commercial1.2 ResidentialProduct 2.1 Cross-cut2.2 Micro-cut2.3 Strip-cutGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

Get a glance at the market contribution of rest of the segments – Download a FREE Sample Report in minutes!

1.1 Fastest growing segment:

The commercial sector’s reliance on paper shredders for document security is significant. Factors such as high shredding volume and frequency, nature of confidential data, and regulatory compliance drive this demand. Paper shredders are essential equipment in offices, providing document security, workspace cleanliness, and waste disposal. Despite the increasing digitization trend, the paper shredder market is witnessing steady growth due to the importance of physical document security in the face of cyber threats. In regions like North America and Europe, where electronic products are prevalent, the paper shredder market continues to expand, ensuring the safe disposal of sensitive documents remains a priority.

Analyst Review

The Home and Office Paper Shredders market refers to the demand for electronic equipment designed to shred confidential documents into tiny pieces for secure disposal. With the increasing awareness of data security and environmental protection, the market for these shredding machines has seen significant growth. Bin capacity varies from small portable shredders to industrial-grade models. The shredding process helps protect sensitive data and confidential papers, including personnel records and financial information, from falling into the wrong hands. The carbon footprint of paper shredders is a concern, but advancements in technology are leading to more energy-efficient models. Consumption volumes are high among government agencies, small enterprises, private groups, and individuals. The shutdown of offices and reduction of commerce due to the pandemic have led to an increase in the demand for paper shredders. Smart features and automation, such as sensor systems and volume information, are becoming increasingly popular. The market offers a range of shredding techniques, including strip cut, which ensures thorough destruction of documents.

Market Overview

The Home and Office Paper Shredders market refers to the demand for electronic equipment designed to shred confidential documents, sensitive data, and other paper waste. With the increasing concern for data security and environmental protection, the market for paper shredders has seen significant growth. Bin capacity varies from small portable shredders for home use to industrial-grade machines for commercial usage sectors. Paper shredders use different techniques such as Strip Cut, Cross Cut, and Micro Cut to ensure thorough destruction of documents. Consumption volumes are driven by various sectors including government agencies, small enterprises, private groups, and individuals. The market caters to various industries such as banks, financial organizations, healthcare institutions, educational institutions, retailers, customer service industry, and more. The market also includes shredders for CDs, DVDs, loyalty cards, credit cards, and magnetic tapes. With advancements in technology, smart features and automation are becoming increasingly popular, including sensor systems and volume information. The reduction of commerce due to shutdowns and the shift towards soft copy preferences have also influenced the market. The working population and retail networks, as well as online platforms, are significant consumers of paper shredders.

To understand more about this market- Download a FREE Sample Report in minutes!

Key Topics Covered:

 1 Executive Summary
 2 Market Landscape
 3 Market Sizing
 4 Historic Market Size
 5 Five Forces Analysis
 6 Market Segmentation
 7 Customer Landscape
 8 Geographic Landscape
 9 Drivers, Challenges, and Trends
10 Venodr Landscape
11 Vendor Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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THADDBOII Releases New Single and Music Video “Lil Baddie”

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LOS ANGELES, Jan. 6, 2025 /PRNewswire/ — Rising music artist and viral sports-comedy creator THADDBOII has officially released his latest single, “Lil Baddie,” along with an accompanying music video that’s guaranteed to captivate audiences. The song embraces a relaxed, fun, and vibey energy, showcasing a different side of his artistry.

“Lil Baddie” is available to stream now on Spotify, Apple Music, and other platforms, with the music video available on YouTube.

The “Lil Baddie” music video takes place at a $40,000,000 Beverly Hills mansion, seen on Selling Sunset, overlooking all of Los Angeles. The stunning visuals, combined with the vibrant energy of the track, capture the essence of carefree moments and good vibes. The video seamlessly merges aspirational imagery with an authentic and approachable charm.

“I wanted ‘Lil Baddie’ to be a track that makes people feel good, something they can vibe to anytime, anywhere,” said THADDBOII. “It’s all about living in the moment, letting your mind ride the beat, and enjoying my catchy and clever lines.”

The single, now available on all major streaming platforms, marks an exciting chapter in THADDBOII’s evolution as a multi-talented artist. With a loyal fanbase of millions across TikTok, YouTube, and Instagram, THADDBOII continues to push creative boundaries, inviting his audience to explore new dimensions of his musical journey.

Watch the “Lil Baddie” music video now on YouTube and stream the song on Spotify, Apple Music, and other platforms. Join the conversation online using #LilBaddie and #THADDBOII.

About THADDBOII
THADDBOII is an influential figure in the digital content creation and social media sphere, as well as a rising music artist. Known for his captivating storytelling and deep expertise in sports analysis, he has garnered a dedicated following of over 6 million fans across TikTok, YouTube, Instagram, and Facebook.

With over 3 billion views on TikTok and more than 1 million subscribers on YouTube, THADDBOII has established himself as a prominent social media figure. Beyond his viral content, he is also the Founder of the Influencer Football League (IFL), a Touch Football tournament that brings together influencers, athletes, musicians, and celebrities for a unique sporting experience.

Driven by a passion for entertainment and a commitment to excellence, THADDBOII continues to inspire and innovate in the digital landscape. His ability to connect with fans and deliver engaging content has solidified his position as a leader in the intersection of sports, entertainment, and social media.

IMAGE DOWNLOAD: https://drive.google.com/file/d/1SC1rAzTIyMQdpJFPa7MjBZEHsJr6WDhy/view 

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SOURCE THADDBOII

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