PwC, Merck, and Hashgraph Group Pilot Cocoa Traceability System
The Hashgraph Group, in collaboration with Merck and supported by PwC Germany, is piloting a cocoa traceability solution. This solution combines Merck's M-Trust physical authentication technology with the TrackTrace digital product passport platform based on the Hedera network, aiming to verify the origin, authenticity, quality, recall requirements, and compliance data of cocoa from farm to consumer. Cocoa is one of the seven commodities covered by the EU's Anti-Deforestation Regulation. According to the delayed schedule, large operators and traders must fulfill their obligations starting December 30, 2026, while micro and small operators will be subject to these requirements from June 30, 2027. The solution also aligns with the EU's direction for digital product passports under the Sustainable Product Ecodesign Regulation, although food and feed are excluded. Partners indicated that this framework could be expanded to pharmaceuticals, luxury goods, and industrial components in the future. The head of PwC Germany's enterprise blockchain business noted that the solution is verifiable and can play a key role in food recalls or compliance investigations.
-- Price
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