The Hashgraph Group, a Swiss technology firm building on the Hedera network, has officially launched TrackTrace, a platform designed to help companies comply with upcoming European Union Digital Product Passport (DPP) regulations. Announced on Tuesday, TrackTrace aims to enhance supply-chain visibility by tracking goods and recording comprehensive product data, including emissions-related information, for compliance reporting and authenticity verification.
The platform creates verifiable audit trails for product-specific data, sustainability credentials, durability, and reparability. It incorporates agentic artificial intelligence (AI) to automate compliance reporting workflows. This blockchain-based solution is a direct response to the EU’s Ecodesign for Sustainable Product Regulation (ESPR), which entered into force on July 18, 2024. The ESPR establishes a framework for product-specific rules that can mandate a DPP to standardize how key product information is recorded and shared across supply chains.
A major initial focus is the EU's battery passport requirement under the EU Battery Regulation, set to apply from February 18, 2027, for categories including electric-vehicle and industrial batteries above 2 kilowatt-hours. DPP requirements will then extend to textiles, apparel, iron, steel, and other priority items starting in July 2027.
The initiative supports the EU’s Green Deal, which aims to transform the bloc into a resource-efficient economy, cut emissions by at least 50% by 2030, and achieve 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, co-founder and CEO at The Hashgraph Group. "With TrackTrace built on Hedera, we deliver that critical trust data infrastructure layer."
Businesses targeting EU markets will need solutions like TrackTrace to ensure ESPR compliance. The Hashgraph Group is collaborating with professional services firm PwC on DPP implementations for enterprise clients. TrackTrace integrates the group's existing decentralized identity solution, IDTrust, to provide verifiable credentials in a decentralized manner, linking physical events to tamper-proof digital records anchored on the Hedera network.
Hedera, governed by a council of global organizations including Dell, Deutsche Telekom, Google, and IBM, claims to be the world's most energy-efficient distributed ledger technology (DLT). TrackTrace will initially concentrate on the electric vehicle and industrial battery sectors before expanding into textiles and steel manufacturing.
