The Hedera Council, the group behind Hedera Hashgraph, has partnered with American meals and beverage firm Mondelēz Worldwide (Nasdaq: MDLZ) to work on distributed ledger expertise (DLT).
As a brand new member of the Hedera Council, Mondelēz is working to develop distributed ledger expertise (DLT) based mostly options on Hedera, specializing in digital transformation initiatives and provide chain administration, in keeping with a press launch.
Hedera Hashgraph is a public distributed ledger that makes use of hashgraph consensus. Hedera describes itself as a uniquely structured blockchain in comparison with different chains on account of its utilization of hashgraph consensus. It’s the solely public DLT that makes use of this, in keeping with the corporate, which notes that Hashgraph achieves 10,000+ transactions per second and low-latency finality in seconds.
Mondelēz Worldwide operates in over 80 international locations and owns manufacturers Oreo, Ritz, Cadbury Dairy Milk and Toblerone.
Mondelēz beforehand has teamed up with an early stage fintech funds firm referred to as SKUx to assist develop the corporate’s customer support program. It is going to use Hedera to trace the availability chain of consumer-packaged items and digital payment-based provides.
“We’re excited to proceed our dedication to digital transformation exploring distributed ledger applied sciences alongside Hedera,” stated Xiang Xu, international COE chief of digital technique and blockChain at Mondelēz Worldwide.
