Hedera, the blockchain-based platform for developing decentralized applications, has been recognized by the US State Department as one of 150 private sector companies committed to advancing democracy. The move highlights the potential of blockchain technology in supporting democratic values and showcases the innovation of the Hedera protocol.
As a sustainable and enterprise-grade public network, Hedera (HBAR) allows individuals and organizations to build secure, decentralized applications that can be used across industries including finance, healthcare, supply chain management, gaming and more.
By joining forces with other tech giants committed to advancing democracy such as Google, Microsoft and IBM among others, Hedera is helping to support democratic values globally. This recognition from the US government marks a significant milestone for blockchain technology in general as well as highlighting HBAR's position as one of the most widely used public networks for decentralized economies.
Dr. Leemon Baird co-founder & Chief Scientist at Hedera Hashgraph said "We're honored that our work at Hedera is being recognized by such an important institution like the U.S. State Department.”
The news has been welcomed by those within both crypto and political spheres alike who see this development as evidence that blockchain technology will play an increasingly vital role in shaping our future world.
Accordingly this move further strengthens HBAR's position within an industry that is rapidly gaining mainstream recognition which bodes well not just for its short-term growth prospects but also its long-term viability.