Just-In: Hedera Announces 182-Year Old Company As New Council Member
According to recent HBAR crypto news, the Hedera network has reportedly added a new organization to its growing list of Governing Council members.
HBAR Crypto News: The Hedera Governing Council, which is in charge of the open-source Hedera proof-of-stake public network, announced their newest Governing Council member today. Bringing the total number of council members up to 30, COFRA is a 182-year-old family business that employs over 60,000 people worldwide.
Hedera’s New Governing Council Member COFRA, which predominantly caters to the end user, has joined the Governing Council of Hedera (HBAR) and intends to create cutting-edge blockchain-based solutions on Hedera — initially focused on tokenization and bringing transparency in their supply chain process. The organization will supposedly make use of Hedera’s proprietary Token Service (HTC) to issue or tokenized real-world assets.
While speaking about the new development , the Co-Chair of Hedera’s Membership Committee, Simon Olson, was quoted as saying:
" COFRA has a long, successful track record of building coalitions to tackle difficult problems and we believe that they will contribute enormously to Hedera."