Hashgraph Group Rolls Out TrackTrace to Streamline EU Compliance

The European Union's commitment to a more sustainable economy has led to increased demand for reliable and transparent supply chain data. To address this need, The Hashgraph Group has developed TrackTrace, a platform built on the Hedera network that enables companies to track goods and record product data in compliance with EU regulations.

TrackTrace uses blockchain technology to create verifiable audit trails for product-specific data, including sustainability credentials, durability, and reparability. This information can be used for authenticity checks and compliance reporting. The platform also incorporates artificial intelligence tools to automate compliance-related workflows.