Swiss technology company The Hashgraph Group has unveiled TrackTrace, a supply chain management platform targeting compliance with the European Union’s upcoming Digital Product Passport (DPP) requirements. As new regulations promise to reshape transparency standards across the continent, TrackTrace is positioned to help firms meet rigorous product data mandates coming into force under the EU’s Ecodesign for Sustainable Products Regulation (ESPR).
Platform Aligns with Stringent EU Data Standards
TrackTrace is specifically engineered to collect, authenticate, and report detailed product information in full alignment with ESPR guidelines. This encompasses everything from carbon footprint and sourcing origins to metrics for durability and reparability—key data points central to the EU’s sustainability ambitions. The ESPR, which became effective on July 18, 2024, establishes the legal foundation for Digital Product Passports that will soon be mandatory for a variety of sectors, starting with new rules for electric-vehicle and industrial batteries above 2 kilowatt-hours in February 2027.
Blockchain Drives Verification and Transparency
At the heart of TrackTrace lies distributed ledger technology, enabling the creation of audit trails that are secure, immutable, and fully traceable. By leveraging Hedera’s public blockchain infrastructure, every product data point is recorded transparently—an approach that not only bolsters regulatory confidence but also significantly reduces the burden of manual compliance checks. Artificial intelligence functions within TrackTrace further automate regulatory processes, simplifying what would otherwise be cumbersome reporting tasks for companies facing mounting EU compliance requirements.
The ESPR and DPP initiatives are closely tied to the EU’s Green Deal objectives, which aim for a 55% reduction in greenhouse gas emissions by 2030 and achieving net zero by 2050. TrackTrace’s systematic approach to data capture and reporting is intended to help businesses keep pace as these climate-driven regulations reshape operational standards across industries.
Moreover, TrackTrace integrates IDTrust—a decentralized digital identity solution developed by The Hashgraph Group itself. This allows companies to issue verifiable digital credentials that link real-world supply chain activities to secure blockchain records, making product certification processes tamper-proof and more reliable from end to end.
Hedera, serving as the technological foundation for the TrackTrace platform, is recognized among distributed ledger technologies for its energy efficiency. The network is governed by a council including global corporations such as Google, IBM, Dell, and Deutsche Telekom, which boosts confidence in its stability and scalability for enterprise users.
In addition to TrackTrace, The Hashgraph Group is deepening its ecosystem through enterprise partnerships. The company announced a collaboration with PwC to support wide-scale deployment of Digital Product Passports for corporations adapting to the new policy landscape. Earlier in October, Hashgraph Group also introduced AssetGuard, a specialized enterprise wallet solution offering secure management and governance of digital assets on an institutional scale.
The Hashgraph Group highlighted its partnerships and innovation pipeline, underscoring its commitment to “delivering secure and scalable solutions to enterprises grappling with complex digital regulations.”
As the supply chain technology sector grows increasingly crowded, TrackTrace will compete with blockchain-based traceability platforms like IBM Sterling Transparent Supply and TrusTrace, as well as with other vertical-specific solutions focused on battery manufacturing and circular economy applications. Differentiation will hinge on factors such as reliability, compliance automation, and the depth of data integration enabled by digital passports and distributed identity solutions.
