The Hashgraph Group has launched the TrackTrace platform on the Hedera network. This platform aims to help companies comply with the European Union’s Digital Product Passport (DPP) requirements. TrackTrace tracks product data by increasing supply chain visibility, records emission information, and can be used for compliance reporting and verification.
TrackTrace Platform Features and Benefits
The platform creates verified audit trails for product-based data, sustainability credentials, durability, and repairability. It automates compliance workflows with agentic artificial intelligence. It was developed under the EU’s Ecodesign for Sustainable Products Regulation (ESPR), which came into effect on July 18, 2024. Battery passport requirements will apply to electric vehicle and industrial batteries starting February 18, 2027; products like textiles, clothing, iron-steel will be covered from July 2027.
- Supply chain tracking: Provides real-time visibility.
- Emission recording: Verifies carbon footprint.
- Automated reporting: AI-supported compliance processes.
TrackTrace is integrated with the IDTrust identity solution and operates on Hedera. It collaborates with PwC for DPP implementations. Hedera is managed by a council governed by organizations like Dell, Google, IBM as an energy-efficient DLT.
Critical Support and Resistance Levels for HBAR
HBAR price is currently at $0.09 level, 24-hour change -3.59%. RSI at 42.71, downtrend continues. Strong supports:
- S1: $0.0919 (72/100 ⭐ Strong, -1.45% distance)
- S2: $0.0886 (69/100 ⭐ Strong, -4.99% distance)
Resistances: R1 $0.1039 (+11.42%), R2 $0.0940 (+0.80%). For detailed analysis, visit our HBAR detailed analysis and HBAR futures pages. EMA20: $0.0975.
Frequently Asked Questions about HBAR and TrackTrace
How does TrackTrace ensure EU DPP compliance?
By verifying product data on the blockchain, it automates sustainability reporting.
When will HBAR price recover?
If RSI reaches neutral level (50+), breaking R2 $0.0940 could signal upside. Follow HBAR spot analysis.
Why is Hedera energy efficient?
It offers a low carbon footprint with Hashgraph consensus, ideal for enterprise adoption.
Source: https://en.coinotag.com/hedera-tracktrace-eu-dpp-compliance-and-hbar-analysis
