Hashgraph Group launches EU digital product passport tool based on Hedera

PANews reported on February 24th that, according to Cointelegraph, Swiss technology company Hashgraph Group has launched TrackTrace, a supply chain tracking platform based on Hedera, for the EU's digital product passport program. This platform aims to help companies cope with upcoming EU product compliance requirements. By recording data related to the flow and emissions of goods, the platform builds a verifiable product information audit trail and integrates AI-powered intelligent agents to automate the compliance reporting process.

This move is a response to the Sustainable Product Ecodesign Regulation (DPR), which came into effect in July 2024. This regulation establishes a framework for developing product-specific rules that include digital product passports, standardizing the recording and sharing of critical product information across the supply chain. The first significant milestone is the EU Battery Regulation, which will come into effect in February 2027, with its passport requirements for electric vehicles and industrial batteries. Other priority categories, such as textiles, clothing, and steel, will be included in the DPR from July 2027.