Today, traceability systems are often plagued with core issues of manual, paper-based, and siloed data collection. With non-existent links between physical events and digital records, most audits are opaque, expensive, and slow. Centralised databases require trust in vendors and make provenance claims difficult to verify as data can be tampered with after the fact.

TrackTrace transforms real-world actions that are performed by people, devices, or systems into verifiable, tamper-evident digital records by incorporating decentralized identity (DIDs), verifiable credentials (VCs), digital executable business processes, and immutable data audit trails anchored on Hedera – the world’s most energy-efficient distributed ledger technology.