PARAMETA (formerly ICONLOOP, CEO Jong-hyeop Kim) announced on the 8th that it was selected as a participating company for the 'Building a Blockchain-Based Battery Passport Platform' project, a major task of the '2025 Blockchain Public Sector Intensive Project' hosted by the Ministry of Science and ICT and the Korea Internet & Security Agency (KISA).
This project is a preemptive measure to address the European Union's (EU) Digital Product Passport (DPP), which is slated for implementation in 2027. It aims to secure transparent traceability information and meet DPP requirements by recording and managing the entire lifecycle data of electric vehicle batteries on blockchain. Busan Metropolitan City is the demand agency for this project, with electric vehicle battery service company PM Grow leading the effort. Parameter is responsible for the overall blockchain technology.
The Battery Passport Platform is a system that stores information on electric vehicle battery production, operation, charging, maintenance, reuse, and recycling in the form of digital certificates, making them accessible to various stakeholders. Key to this is the implementation of the "dataspace" concept, a decentralized data environment that enables trust-based data sharing and transactions between data producers and consumers. This approach is similar to models being pursued by the EU's GAIA-X and Catena-X.
Parameter plans to develop a domestic data space platform that guarantees the identity and data sovereignty of both data providers and users by combining DID (decentralized identity verification) and PDS (personal data storage) based on its own blockchain technology.
This project will also utilize "MyID 2.0," a public blockchain infrastructure developed by Parameter. This SaaS-based system, developed through KISA's "Public Institution Blockchain Joint Infrastructure Construction Project," can be operated without dedicated staff and has obtained CSAP certification, making it safe for public institutions. Furthermore, it is evaluated as lowering the barrier to blockchain adoption in the public sector, enabling up to 90% cost savings compared to existing systems and enabling service launch within a week.
The city of Busan has established a foundation for data acquisition and platform utilization through consultations with 49 demand sources, including charging stations, parking lots, and urban development companies, as well as 15 private companies. This project not only provides a practical foundation for domestic companies preparing to export to the EU, but is also recognized as a prime example of public-private cooperation for digital transformation.
“This project will serve as crucial infrastructure for companies preparing to export to the EU,” said Kim Jong-hyeop, CEO of Parameta. “We will establish a structure where the public and private sectors can grow together through a blockchain-based data space.”
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