The Hashgraph Group, a Swiss firm building on the Hedera network, has launched TrackTrace to help companies comply with upcoming EU Digital Product Passport rules. The platform uses blockchain and AI to create verifiable audit trails for supply chain data, emissions, and product authenticity. Initial requirements begin with battery passports in 2027, extending to textiles and other goods.
The Hashgraph Group announced the launch of TrackTrace, a platform designed to help companies prepare for European Union product-compliance requirements tied to digital product passports. The solution aims to improve supply-chain visibility by tracking goods and recording product data for compliance reporting and authenticity checks.
The blockchain-based platform builds verifiable audit trails for sustainability credentials and product-specific data while incorporating artificial intelligence to automate workflows. This comes in response to the EU’s Ecodesign for Sustainable Product Regulation (ESPR), which creates a framework for Digital Product Passports.
A major early milestone is the EU’s battery passport requirement set to apply from February 18, 2027. DPP requirements will then extend to textiles, apparel, iron, steel and other priority items starting in July 2027.
These regulations are driven by the EU’s Green Deal, which aims to cut emissions by at least 55% by 2030 and reach net carbon neutrality by 2050. “The European Green Deal strives to establish the first climate-neutral continent by 2050 and needs infrastructure it can trust,” wrote Stefan Deiss, CEO at The Hashgraph Group.
“With TrackTrace built on Hedera, we deliver that critical trust data infrastructure layer that enables companies to comply with DPP regulation,” Deiss stated. The company noted it is working with PwC on digital product passport implementations for enterprise clients.
TrackTrace integrates the company’s existing decentralized identity solution, IDTrust, to provide verifiable credentials. This links physical events and digital records in a tamper-proof environment anchored on the Hedera network, which is governed by a council including Google, IBM, and Deutsche Telekom.
Competing traceability solutions include IBM Sterling Transparent Supply and TraceX. Businesses targeting EU markets will need systems capable of supporting the new ESPR and DPP compliance mandates.
