PARAMETA Selected for Government-Led “Blockchain-Based Battery Passport Platform” Project

— “MyID 2.0” applied for the first time in public sector blockchain infrastructure —
— Establishing a Korean data space model aligned with EU Digital Product Passport (DPP) standards —

SEOUL, August 8, 2025 — PARAMETA Corp. (formerly ICONLOOP, CEO Jonghyup Kim), a leading Web3 Enabler, announced that it has been selected as a key technology partner for the “Blockchain-Based Battery Passport Platform” project, one of the flagship initiatives under the 2025 Blockchain Public-Sector Innovation Program hosted by the Ministry of Science and ICT (MSIT) and the Korea Internet & Security Agency (KISA).

This national project aims to proactively prepare for the European Union’s upcoming Digital Product Passport (DPP) regulation, set to take effect in 2027. The initiative will use blockchain technology to record and manage the entire lifecycle data of electric vehicle (EV) batteries—from production and operation to charging, maintenance, reuse, and recycling—ensuring verifiable and trustworthy traceability to meet EU DPP compliance standards.

The City of Busan serves as the primary demand-side institution, with PMGrow leading the consortium as the project operator, while PARAMETA is responsible for the blockchain technology development and infrastructure design.

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Building a Data-Space-Driven Battery Passport Platform

The Battery Passport Platform will assign a digital “passport” to each battery, storing its unique history as a verifiable digital certificate accessible to various industry stakeholders.
At the core of the project lies the concept of a “Data Space” — a decentralized environment enabling trusted data sharing and exchange among producers, consumers, manufacturers, and service providers.
This approach aligns with Europe’s GAIA-X and Catena-X frameworks, which define the foundation for secure industrial data ecosystems.

Leveraging its proprietary blockchain core technologies, PARAMETA will integrate DID (Decentralized Identifier) and PDS (Personal Data Store) functionalities to build a Korean-style Data Space that guarantees both participant identity assurance and data sovereignty.

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First Application of “MyID 2.0” in a National Public Blockchain Project

The project also marks the first official application of PARAMETA’s “MyID 2.0”, a blockchain infrastructure specifically designed for government and public institutions.
Developed under KISA’s “Public Blockchain Shared Infrastructure (K-BTF)” initiative, MyID 2.0 is the only CSAP-certified blockchain service available for public-sector use in Korea.

Featuring a SaaS-based architecture that requires no dedicated in-house operation team, MyID 2.0 enables public agencies to deploy blockchain services within one week.
Its key advantages include:

• Over 90% reduction in implementation costs

• Rapid deployment (within one week)

• Continuous security and version updates

These benefits significantly lower the barriers for public institutions to adopt blockchain technology, ensuring security, scalability, and operational efficiency.

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National and Industrial Collaboration for EU DPP Readiness

For this project, Busan Metropolitan City has established a strong foundation for real-world implementation by collaborating with 49 local demand organizations, including charging stations, parking facilities, and municipal corporations, as well as 15 private-sector companies.

This cross-sector collaboration between government and industry is expected to serve as a benchmark model for accelerating digital transformation and strengthening export competitiveness among Korean manufacturers preparing for the EU market.

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Statements from Leadership

“This project will serve as a practical infrastructure for Korean companies preparing to export to the EU,”
said Jonghyup Kim, CEO of PARAMETA Corp.
“Through a blockchain-based data space, we aim to create a collaborative ecosystem where the public and private sectors can co-develop sustainable value chains.”

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Background: The EU’s Digital Product Passport (DPP) Initiative

The European Union’s DPP framework, set to launch in 2027, is part of its broader strategy for carbon neutrality and resource circularity.
Under this regulation, manufacturers must digitally record and share product lifecycle data — including manufacturing, usage, repair, and recycling — to ensure environmental transparency and traceability.
The initiative will begin with battery products and gradually expand to electronics, apparel, and other industrial goods.

Other major economies, including the United States and Japan, are also developing similar systems, making digital lifecycle data management a critical factor for future export competitiveness.