Daily Crypto News

Hedera is Now on the US State Department’s Radar

  • Hedera is among the 150 private sector outfits with a commitment to helping the US government boost democracy.
  • The move is a testament to the blockchain as a technology and the innovations of the Hedera protocol.

Hedera (HBAR) is one of the most used, sustainable, enterprise-grade public networks for the decentralized economy that allows individuals and businesses to create powerful decentralized applications and has now gotten the attention of the American State Department. According to a press release from the government, Hedera has now joined 149 other private sector players to help advance democratic governance that has defined American society for centuries.

The private sector’s involvement in pushing forth the boundaries of the tech featured commitments from every aspect of the tech ecosystem with firms like Meta Platforms and Cloudfare also being recognized. 

Per the release, Hedera is most committed to convening a round table featuring thought leaders from around the country. The roundtable will specifically focus on the application of blockchain technology to support human rights, transparency, and sustainability.

America is known as a country that applies technology to every aspect of its development. Infact, the Nation attained its great heights as a result of the direct contribution of these tech firms to social and economic growth. With Hedera tagging along as a blockchain-based outfit, the government is now more rounded in its embrace of next-generation innovation.

At the moment, the US government have been using blockchain technology for a different aspect of its governance. Some of the ways technology is helping to change the game include but not limited to pushing accountability initiatives and responsible data usage.

“Hedera commits to convening a democracy roundtable on how blockchain technologies can and are supporting human rights, transparency, and sustainability.  Current democracy-related applications of blockchain include government systems accountability, fighting misinformation, reducing data manipulation, and tracking financial flows,” the press release detailed.

Follow us for the latest crypto news!

Hedera to Build on its Collaborative Ideology

Hedera is designed and recognized as one of the most used, sustainable, enterprise-grade public networks for the decentralized economy that allows individuals and businesses to create powerful decentralized applications. It has played this role through its collaborative efforts with some of the world’s most renowned tech firms that make up its governing council.

Some of the members of the Hedera Governing Council include Google, IBM, Nomura, aircraft manufacturer Boeing, and Chainlink Labs amongst others. These firms are responsible for making and giving instructions per the codebase direction, contributing to the network stability, and running decentralized nodes for the protocol.

As part of its commitment to the US State Department, Hedera also plans to be collaborative with its planned roundtable and it will make arrangements to “invite companies, trade associations, advocacy groups, academics, and government officials, publicly share a summary of the discussion, and make recommendations for next steps.”

          No spam, no lies, only insights. You can unsubscribe at any time.

The recognition by the State Department is an attestation to the innovations Hedera is bringing into the Web3.0 ecosystem. The participation in boosting America’s democracy will help solidify its token’s bullish price prediction moving forward.

At the time of writing, the token is changing hands at $0.06536, up by 4.25% over the past 24 hours.

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.

Read More: Hedera is Now on the US State Department’s Radar

Disclaimer:The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. NewsOfBitcoin.com does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.