The Hedera-based platform combines product authentication and blockchain traceability to support compliance with new European Union sustainability and supply-chain reporting requirements.
The Hashgraph Group and Merck have integrated the German tech maker's product authentication technology with TrackTrace, a Hedera-based digital product passport platform introduced in February, as businesses seek to comply with new European Union supply-chain transparency and traceability requirements.
Under the arrangement, Merck's M-Trust technology embeds security markers into products and packaging that can be verified with a handheld scanner. Authentication data is then recorded on The Hashgraph Group's TrackTrace platform, creating a digital record linked to a product's Digital Product Passport.
The companies said the integration combines physical product authentication with blockchain-based traceability, allowing businesses to verify both the authenticity of a product and the records associated with it.
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