Monday, January 15, 2024 12:16:09 PM
NEWS
Jan 15, 2024
by Hedera Team
Hedera is the most used, sustainable, enterprise-grade public network for the decentralized economy.
Move heightens potential for highly practical use cases built on Hedera, grounded in IT, OT, and industrial expertise
January 15, 2024 – Davos, Switzerland – The Hedera Council today announced its newest member, Hitachi America, Ltd. (Hitachi), which brings with it industrial solutions expertise. Hitachi offers a broad range of electronics, power and industrial equipment and services, energy, industrial, health care, IT, OT, mobility and IoT with operations throughout the Americas directly and through its subsidiaries. Hitachi aims to begin creating proof-of-concepts for end-to-end supply chain and sustainability solutions on Hedera in the next year.
The Hedera Council is a consortium of diverse, global organizations and enterprises with a commitment to network innovation and the continued decentralization of the Hedera network. Members of the Council share an equal vote in the direction of Hedera's software and services, and run the initial network nodes.
“Hitachi sees real-world potential in distributed ledger technology (DLT) solutions built on Hedera, given the network’s highly scalable and secure technology, and strong commitment to sustainability. Hedera addresses emerging needs in supply chain resiliency, clean energy, IT/OT and the semiconductor industries, for example. Its unique DLT provides the single truth and tokenization mechanisms for distributed workflows that are needed to address these challenges,” said Ravigopal Vennelakanti, Vice President, Big Data Analytics Solutions Lab, at Hitachi.
Hitachi brings new capabilities to the Council, strengthening the network through its technical and research capabilities. Its leadership in innovation-led industrial use cases makes Hitachi a unique and valuable addition to the Council. Hitachi and its affiliates have already employed their technological expertise to develop valuable blockchain technology solutions in payment systems, supply chains, predictive maintenance, and mining. Hitachi also brings further expertise and innovation in machine learning and generative AI technologies to the Council, increasing the wide-ranging, varied expertise which forms its knowledge base.
"DLT is now blossoming into real-world applications at massive scale,” said Bill Miller, co-chair of the membership committee for the Hedera Council. “This requires support from household industry names such as Hitachi, which has a superb history of developing forward-looking technology for industrial, energy, infrastructure, and mobility solutions. Web3 infrastructure is increasingly attractive to large enterprises, who have never before been able to demonstrate the transparency and accountability of supply chain and other systems that are so urgently needed in today’s times. We welcome Hitachi to the Council, and look forward to their innovations built on Hedera.”
###
About Hedera
Hedera is an open source, leaderless proof-of-stake network. Hedera’s robust ecosystem is built by a global community, on a network governed by a diverse council of industry-leading organizations, including abrdn, Avery Dennison, Boeing, Chainlink Labs, COFRA Holdings, DBS Bank, Dell, Dentons, Deutsche Telekom, DLA Piper, EDF (Électricité de France), eftpos, FIS (WorldPay), Google, Hitachi America, IBM, the Indian Institute of Technology (IIT), LG Electronics, The London School of Economics (LSE), Magalu, Nomura Holdings, ServiceNow, Shinhan Bank, Standard Bank Group, Swirlds, Tata Communications, Ubisoft, University College London (UCL), Wipro, and Zain Group.
"To Be Is To Do"...."To Do Is To Be"...."Do Be Do Be Do"
Recent HBARUSD News
- Bitcoin Stabilizes at $62,000, SEC Delays Exodus NYSE Listing, and More Crypto News • IH Market News • 05/09/2024 07:28:40 PM
- HBAR Prices Crashes 35% As BlackRock Denies Any Ties To Hedera • NEWSBTC • 04/25/2024 02:00:12 PM
- BlackRock has ‘no commercial relationship’ with Hedera, HBAR sinks 32% • Cointelegraph • 04/25/2024 02:56:23 AM
- BlackRock’s Tokenized Fund News Sends Hedera (HBAR) Soaring 100%, The Reason May Surprise You • NEWSBTC • 04/25/2024 02:00:46 AM
- Block Innovates Bitcoin Mining, DOJ Proposes 3-Year Prison for Changpeng Zhao, and More Crypto News • IH Market News • 04/24/2024 05:50:55 PM
- Solana Memecoins WIF And BONK Explode By Double Digits: Key Reasons • NEWSBTC • 04/24/2024 11:30:33 AM
- Hedera’s HBAR token pumps 96% on misinterpreted BlackRock announcement • Cointelegraph • 04/24/2024 05:34:00 AM
- Hedera (HBAR) Soars By 13%, Analyst Predicts Doubling Soon • NEWSBTC • 02/20/2024 08:40:06 AM
- Hedera (HBAR) Soars 50% To Mark New 20-Month High, Fuels Bullish Price Targets • NEWSBTC • 02/19/2024 10:00:32 PM
- Crypto: Citi Tokenizes Blockchain Funds, Robinhood’s Crypto Revenue Surges by 10%, and Latest Updates • IH Market News • 02/14/2024 05:17:47 PM
- Crypto: Robinhood and MetaMask Join Forces, XMR and MULTI Plummet on Tuesday, and More • IH Market News • 02/06/2024 07:28:50 PM
- Hedera (HBAR) Shines: Record-Breaking 164 Million Daily Transactions, Market Cap Reaches $2.9 Billion • NEWSBTC • 01/27/2024 01:00:15 AM
- Crypto This Tuesday: BlackRock Receives $100,000 for Bitcoin ETF, Robinhood’s Trading Volume Grows 75%, and More • IH Market News • 12/05/2023 06:39:22 PM
- HBAR Token Spikes 16% In One Day, Can Bulls Sustain the Momentum? • NEWSBTC • 08/14/2023 07:00:10 PM
- Crypto This Monday: HBAR Jumps, Trump Unveils Crypto Equity, PayPal Introduces Cryptocurrencies Hub, and More • IH Market News • 08/14/2023 05:13:15 PM
- HBAR Token Scores Impressive Gains As Major Cryptos Nosedive • NEWSBTC • 08/08/2023 07:00:07 PM
- New Security Model for Hedera Released, HDR Post Big Rally but $ROE Offers Better Prospects • ZyCrypto • 08/07/2023 09:21:54 PM
- Crypto Analyst Predicts Bitcoin To Explode by Over 130% and Hit a New All-Time High – Here’s the Timeline • The Daily Hodl • 06/30/2023 06:05:12 PM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM
VPR Brands (VPRB) Reports First Quarter 2024 Financial Results • VPRB • May 17, 2024 8:04 AM
ILUS Provides a First Quarter Filing Update • ILUS • May 16, 2024 11:26 AM
Cannabix Technologies and Omega Laboratories Inc. enter Strategic Partnership to Commercialize Marijuana Breathalyzer Technology • BLO • May 16, 2024 8:13 AM
Avant Technologies to Revolutionize Data Center Management with Proprietary AI Software Platform • AVAI • May 16, 2024 8:00 AM