Hedera developer launches product data tracking platform

HashGraph, the developer of Hedera (HBAR), has launched TrackTrace, a platform to track and record product data and carbon emissions, Cointelegraph reported. The platform will initially focus on electric vehicle and industrial batteries before expanding to other items such as textiles and steel. This initiative is part of an effort to comply with the European Union's (EU) Digital Product Passport (DPP) regulations, a system designed to standardize and share product information across the supply chain.