The Digital Product Passport’s (DPP) perfect tech stack? Blockchain and AI

There is new news in the world of enterprise technology and B2B use cases, coming from Switzerland and Italy. Lexsential Law Firm has just assisted a group of investors in a strategic transaction in the blockchain and digital world.

Who did what? 

The firm assisted Kelipe by Andrea Biffi (former CEO and shareholder of SOFAR S.p.A., former board member of Asensus Inc. – a NYSE-listed company recently acquired by Karl Storz – president of 1Med S.A., CRO, Advisor to Alfasigma S.p.A., board member of many international companies in the healthcare sector, and serial investor in the healthcare world), Stefano Farina (entrepreneur and investor in the healthcare sector), and Enrico Perfler (founder and board member of 1Med S.A.CRO, active in the pharma and medtech sectors and investor in healthcare) in the investment round in DigitCo and in the latter’s acquisition of Tokenance’s digital assets. Tokenance is an innovative start-up that develops solutions combining blockchain systems and artificial intelligence, including the Tokenance Digital Product Passport + AI platform. Yes, you heard it right, it’s DPP, based on both blockchain and AI.

What’s the big deal about having a DPP? What’s the DPP gold standard? 

The digital product passport introduced by Regulation (EU) 2024/1781, known as the Ecodesign for Sustainable Products Regulation (ESPR), will make detailed information accessible throughout the entire life cycle of a product (production, sale, recycling, or disposal). It is intended to have a direct impact on promoting transparency and traceability of materials, improving resource management, and will be a very useful tool for promoting a transparent, responsible, and sustainable model and will foster the circular economy. It is expected to come into force in 2027, but many companies are already taking steps to be ready. The applications are wide-ranging and diverse. The mix of digital means, including AI, and blockchain ensures data traceability and security.

This M&A transaction paves the way for strategic collaboration between Lexsential and DigitCo to adopt these tools within the law firm, confirming its position as one of the most dynamic and active law firms in the field of innovation. Not only that, but these services of digital compliance are made directly available to its clients. The Lexsential Corporate team that handled the transaction was led by partners Stefano Candela and Pasquale Di Mino, with support from Teresa Candela, Marta Cosi, Dimitri Cuzzocrea, and Silvia Sarracino.

It’s just about serving the final consumer with authentic product stories and tools that zero space and time to an excellent service, which takes good care of the communities around any brand and of the environment. More to come on the DPP topic, and more to come on what blockchain and AI can do to solve our most delicate and strategic dilemmas.

More about Lexsential: Lexsential is a law firm founded in 2021, with its main office in Milan, at Via Conservatorio 17, and offices in Rome, London, and Madrid, as well as a desk dedicated to the Polish market. The firm is a point of reference for legal advice specializing in three main areas: intellectual property, corporate law, bankruptcy, banking, and finance, both in and out of court. With an international focus, Lexsential is a strategic partner for foreign investors in Italy and for Italian companies looking to invest abroad. Particular attention is paid to the pharmaceutical, medtech, fashion, design, cosmetics & beauty, precision engineering, and food & beverage sectors.

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