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>>Hedera introduces its groundbreaking TrackTrace platform, set to revolutionize product transparency and carbon tracking.

Hedera introduces its groundbreaking TrackTrace platform, set to revolutionize product transparency and carbon tracking.

crypthub

about 3 hours ago

Platform Overview

HashGraph, the developer of Hedera, launched TrackTrace to record product data and carbon emissions on a distributed ledger. The platform creates a digital twin for each item, assigning a unique ID that logs provenance, manufacturing, logistics and emissions. Initial focus is on electric‑vehicle and industrial batteries, with plans to expand to textiles and steel.

Regulatory Drivers

TrackTrace is timed for the EU Digital Product Passport (DPP) mandate, which will require transparent, shareable product information from raw material to end‑of‑life. The system can generate the required data structures and expose them via QR codes or RFID tags, easing compliance for firms entering the EU market by 2025. Early adopters gain a competitive edge in meeting legal and consumer sustainability expectations.

Technical Advantages

Built on Hedera’s hashgraph consensus, TrackTrace offers high throughput, fast finality and low energy consumption, unlike proof‑of‑work blockchains. Low transaction fees make real‑time IoT data recording economically viable. Immutable records ensure all supply‑chain participants can trust the data.

Market Impact

Targeting the fast‑growing EV battery sector, the platform addresses intense scrutiny over ethical sourcing and carbon footprints. Expansion into textiles and steel positions TrackTrace to capture other ESG‑heavy markets. The launch signals a shift of DLT from speculative finance to core industrial and environmental applications.