Deutsch한국어日本語中文EspañolFrançaisՀայերենNederlandsРусскийItalianoPortuguêsTürkçePortfolio TrackerSwapCryptocurrenciesPricingIntegrationsNewsEarnBlogNFTWidgetsDeFi Portfolio TrackerOpen API24h ReportPress KitAPI Docs

Morpheus.Network and Confidios Launch EUDR.Supply for Deforestation-Free Trade

bullish:

0

bearish:

0

Share

Prior to this year’s Earth Day, Morpheus.Network and Confidios announced a partnership to introduce EUDR.Supply, a Digital Product Passport (DPP) solution aimed at addressing deforestation-linked trade and simplifying compliance with the European Union Deforestation Regulation (EUDR). This collaboration seeks to provide businesses with a tool to meet regulatory requirements while contributing to environmental conservation.

The EUDR, designed to combat global deforestation, mandates that companies placing certain commodities on the EU market must prove their supply chains are deforestation-free. However, studies suggest that a significant majority of businesses are currently unprepared to meet these requirements. EUDR.Supply intends to bridge this gap by embedding tamper-proof, self-sovereign credentials into global supply chains. This automated solution aims to simplify due diligence, enhance regulatory trust, and streamline cross-border trade.

Morpheus.Network and Confidios Founders Discuss the Importance of EUDR Compliance

Key Features of EUDR.Supply

Each Digital Product Passport (DPP) generated by EUDR.Supply bundles necessary supply chain evidence for EUDR-relevant products, including:

  • Tamper-proof evidence of deforestation-free sourcing
  • Automated TRACES integration for EU Due Diligence Statement submission
  • Data-level permissioned access control for secure sharing
  • Full chain-of-custody traceability and verification
  • On-chain verified identities of supply chain participants

Addressing the Deforestation Crisis

Deforestation remains a significant global issue, contributing substantially to carbon emissions and ecosystem destruction. The EUDR aims to mitigate this by regulating the import of commodities linked to deforestation. EUDR.Supply is designed to assist businesses in navigating these regulations effectively.

Executive Perspectives

Dan Weinberger, CEO of Morpheus.Network, stated, “This isn’t just about compliance, it’s conservation by design. We’re proud to join forces with Confidios, combining our platform’s automation capabilities Confidios’ pioneering data security and data-level permissioned sharing to create a future-proof solution that protects ecosystems while reducing regulatory complexity and unlocking greater efficiency and transparency for global supply chains.”
Matthew Nelson, CEO of Confidios, added, “With EUDR.Supply, businesses don’t just avoid fines — they become deforestation detectives. We’re embedding traceability and verifiable compliance evidence directly in self-sovereign digital passports to ensure every product stands up to scrutiny. That’s the power of self-sovereign data.”

About The Partnership

Morpheus.Network focuses on optimizing and automating enterprise supply chain operations through digital technologies such as ML/AI, IoT, and Blockchain. They offer a supply chain middleware platform with numerous integrations.

Confidios specializes in enabling secure data integrity across industries by allowing software applications to manage on-chain, confidential data with permissioned access. Their technology supports self-sovereign data management for sensitive information.

EUDR.Supply represents a collaborative effort to address regulatory compliance and environmental concerns by leveraging technology to enhance transparency and accountability in global supply chains.Earth Day Innovation: Morpheus.Network and Confidios Launch EUDR.Supply for Deforestation-Free Trade

About Morpheus.Network

Morpheus.Network is intensely focused on helping companies and government organizations eliminate inefficiencies and remove barriers to optimize and automate enterprise supply chain operations. Their multi-award winning supply chain middleware platform leverages transformational digital technologies such as ML/AI, IoT and Blockchain and has over 150 integrations with leading companies, including SAP, DHL, Fedex, Cargowise, Dimitra, Telefonica, Marsh, Swift and more! Morpheus.Network helps clients maximize revenue through digitization and process automation, protecting sensitive data, and untangling complex issues with the legacy supply chain system while delivering effective, equitable, and efficient global trade solutions.

“If you fix the supply chain, you fix the world!” — Dan Weinberger CEO & Co-Founder

Connect with one of our specialist about how we can help you remove friction from your supply chain

Join the conversation Follow us on Social Media!

Website | Telegram | Twitter | LinkedIn | Facebook | Instagram | DiscordWarpcast


Morpheus.Network and Confidios Launch EUDR.Supply for Deforestation-Free Trade was originally published in Morpheus.Network on Medium, where people are continuing the conversation by highlighting and responding to this story.

bullish:

0

bearish:

0

Share
Manage all your crypto, NFT and DeFi from one place

Securely connect the portfolio you’re using to start.