The Hashgraph Group has launched a blockchain-based supply-chain traceability platform built on Hedera to help companies prepare for the European Union’s Digital Product Passport requirements taking effect from 2027.
The new platform, called TrackTrace, is designed to improve supply-chain visibility by recording product data, including emissions information, to support compliance reporting and authenticity checks under the EU’s Ecodesign for Sustainable Product Regulation.
“The European Green Deal strives to establish the first climate-neutral continent by 2050 and needs infrastructure it can trust to transform Europe into a modern, efficient, and sustainable economy,”
Said Stefan Deiss, co-founder and chief executive officer at The Hashgraph Group, adding that:
“With TrackTrace built on Hedera, we deliver that critical trust data infrastructure layer that enables companies to comply with DPP regulation, while strengthening global supply chain integrity and fostering the transition to a sustainable, transparent, and circular economy.”
The EU’s battery passport requirement will apply from 18 February 2027 for electric-vehicle and industrial batteries above 2 kilowatt-hours, with Digital Product Passport obligations extending to textiles, apparel, iron and steel from July 2027 under the wider Ecodesign framework.
The Hashgraph Group said it is working with PwC to support regulatory compliance and digital passport implementation for enterprise clients, while declining to disclose the companies involved.
TrackTrace integrates the group’s decentralised identity solution IDTrust to anchor verifiable credentials and immutable audit trails on Hedera, which is governed by a council including Dell Technologies, Deutsche Telekom, Google and IBM among more than 30 members.
At the time of reporting, Hedera price was $0.09824.