PANews February 24 News, according to Cointelegraph, Swiss technology company Hashgraph Group has launched a Hedera-based EU Digital Product Passport tool, the TrackTrace supply chain tracking platform, aimed at helping businesses comply with upcoming EU product regulations. The platform records product movement and emission-related data to build verifiable product information audit trails and integrates AI agents to automate compliance reporting processes.
This move responds to the Sustainable Product Eco-Design Regulation, which takes effect in July 2024. The regulation establishes a framework for creating specific rules for products with digital product passports, standardizing how key product information is recorded and shared across supply chains. The first major milestone is the EU Battery Regulation, effective February 2027, which requires passports for electric vehicles and industrial batteries. Other priority categories such as textiles, clothing, and steel will be included in the DPP scope starting July 2027.
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