The Hashgraph Group launched TrackTrace, deployed as a fully managed enterprise-grade solution that transforms and enhances global supply chain transparency through real-time tracking of products from origin, ethical sourcing, and carbon emissions data.
“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,” says Stefan Deiss, co-founder and CEO at The Hashgraph Group. “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.”
Key takeaways:
· TrackTrace enables the certification of product authenticity and immutable data audit trails, while providing end-to-end transparency and traceability through cryptographically verified decentralized identifiers (DIDs). The platform creates verifiable audit trails of product-specific data, sustainability credentials, durability, reparability, and various other product data, while applying Agentic AI for workflow automation and compliant DPP reporting.
· TrackTrace enables the linkage between physical events and digital records in a tamper-proof environment by integrating THG’s existing product IDTrust to provide decentralized identity and verifiable credentials, with digital executable business processes and immutable data audit trails anchored on Hedera.
· Built for enterprises, TrackTrace supports compliance with the EU’s Ecodesign for Sustainable Products Regulation (ESPR), which introduces mandatory sustainability and circularity norms across various regulated product categories.
“In designing TrackTrace, we prioritized interoperability to ensure it communicates seamlessly with existing enterprise ERPs and diverse supply chain standards. We have embedded GDPR compliance by design, allowing businesses to share mandatory compliance data without exposing any sensitive intellectual property or personal information. Ultimately, our architecture leverages Hedera’s consensus algorithm to deliver quantum-resistant data security, ensuring that every digital product passport is both immutable and verifiable across global supply chain borders,” says Micha Roon, head of engineering at The Hashgraph Group.
