Breaking News: Hitachi America Becomes Part Of The Hedera Governing Council
A few hours ago, Hedera announced that Hitachi America is now part of its ecosystem’s governing council. The new alliance provides a two-fold advantage to the parties. It strengthens the position of Hedera as a distributed ledger technology (DLT) provider while allowing Hitachi to leverage its network for its industrial applications.
Hitachi’s Official Statement Hitachi’s Big Data Analytics Solutions Lab Vice President Ravigopal Vennelakanti stated that they see real-world potential in the Hedera DLT. The exec believes the scalable, secure, and sustainable solutions provided by the platform align with their company’s vision towards supply chain resiliency, use of clean energy, IT/OT convergence, and tokenization, among others.
Hitachi has been an active player in its home court in Japan when it comes to green bonds. One of its efforts to promote sustainability in its operations was the development of a blockchain-based solution for tracking the outputs of its renewable energy infrastructures.
In relation to this, it issued a tokenized, five-year-term green bond worth 10 billion yen ($69 million) last month. In addition to financing new green projects, the yield will be utilized to refinance the renovation of energy-saving facilities.