April’s Hedera update showcases a vibrant ecosystem buzzing with innovation and collaboration. From empowering communities with DAOs to streamlining healthcare data management, Hedera’s technology is making waves across various industries.
Keep reading for the most recent information!
Hedera Community DAO
The Hedera team plans to fund a Community DAO to support a broader range of ecosystem growth initiatives. They acknowledge their current funding focuses limitations and believe the community can play a bigger role. Open discussions will be held to brainstorm ideas for the DAO’s future direction.
Swirlds Labs, the team behind the Hedera network, launched HashioDAO, an open-source platform that simplifies creating and managing DAOs on Hedera. This user-friendly interface removes technical barriers for communities to establish DAOs for decentralized governance. HashioDAO offers features like customizable tokens, multi-signature options, and treasury management, allowing communities to tailor their DAO structure to their specific needs.
Dr. Leemon Baird, Co-Founder of Hedera, emphasized the benefits of HashioDAO. Traditional decision-making can be slow and lack transparency, while setting up a DAO has often been complex. HashioDAO removes these hurdles, making it easier for any organization or community to establish a DAO with democratic governance. Swirlds Labs also offers a free, community-hosted version to ensure accessibility.
The SIKI Royale Event
SIKI is a one-stop shop for music lovers and aspiring artists in the NFT world. This multimedia platform allows users to create, sell, and stream music NFTs while fostering connections between fans and artists through social features. Recognizing the need for a fast, secure, and cost-effective network, SIKI opted to build on Hedera Hashgraph. This choice empowers them to offer micropayments, a key feature for their music streaming model, while keeping fees low.
The partnership between SIKI and the HBAR Foundation goes beyond just technological infrastructure. The HBAR Foundation has provided SIKI with grants and other resources, accelerating their development and boosting market awareness. This support has been instrumental in transforming SIKI from a concept to a live platform. Hedera’s green and efficient network aligns perfectly with SIKI’s vision, allowing them to offer an attractive and accessible gateway for both artists and fans to explore the exciting world of NFTs.
Additionally, SIKI is having an event in Las Vegas on April 20, and you can register here. Don’t miss this free event!
Blade Wallet
Blade Labs, a global Web3 solutions provider, offers Blade Wallet, the only audited and secure self-custody wallet on Hedera. Designed for ease of use, Blade Wallet lets users buy, sell, trade, and collect digital assets. Blade Labs is committed to providing secure access to Web3 commerce through its global team and partnerships, unlocking the power of Web3 for businesses and users worldwide.
The HBAR Foundation composed a tweet thread regarding Blade Wallet’s ecosystem, including multiple popular projects like Karate Combat.
Developer updates
There are a few ongoing updates for the developer community. If you are a developer or dApp builder, you can now subscribe to updates here! Additionally, you can take a recent survey to help improve Hedera’s documentation.
To see all of the recent news within the developer community, you can review their tweet thread.
Hedera joined DexCheck
DexCheck is an industry-leading crypto trading platform that uses AI and machine learning to analyze DEX and NFT markets. They offer features like BRC20 token analytics, launchpad services, trading bots, and various trading tools. Their recent multi-million dollar market cap highlights their popularity and potential as an investment. DexCheck Pad, their premium launchpad, helps promising crypto projects raise funds through private and strategic rounds, often backed by well-known venture capital firms.
FSCO Wins Tokyo ESG Award
Fresh Supply Co (FSCO) leverages Hedera’s network to tokenize real-world assets in the agricultural supply chain. This approach earned them the ESG finance award from the Tokyo Metropolitan Government, recognizing their commitment to environmental, social, and governance factors.
- FSCO uses Hedera Token Service to streamline tokenization within their Continuity API.
- This enhances transparency and efficiency by embedding conditional token minting into workflows.
- FSCO also integrates with Mastercard and ACH payments, further improving transaction flow.
The ESG award highlights FSCO’s innovative use of blockchain to promote sustainability in agriculture. Their solutions:
- Increase supply chain transparency and traceability.
- Improve data quality and automate workflows.
- Facilitate faster decision-making for stakeholders.
- Foster collaboration among industry players.
FSCO’s success paves the way for a more sustainable and efficient future in agribusiness.
Acoer software development
Acoer builds tools to improve collaboration and data access in healthcare, specifically focusing on drug development and preventing drug shortages. They use Hedera’s public ledger technology to create a secure platform for tracking the drug supply chain. Notably, this transparency allows for better collaboration between different parties and helps prevent drug shortages.
In a recent tweet thread, Acoer highlighted how different companies are leveraging Hedera and Acoer’s technology to address challenges in healthcare. Safe Health Systems uses Acoer’s software to verify medical data authenticity, while MyTERA helps manage occupational health data securely. Additionally, GetHealthReady empowers patients to control their health data for clinical trials. Finally, EverywareUK utilizes Hedera to track temperature-sensitive vaccines.
Their Health Data Explorer platform allows for informed decision-making through data visualization and analysis. The company believes that Hedera’s technology can transform healthcare delivery, management, and experience. They are excited to collaborate with the HBAR Foundation to further healthcare innovation.
Hedera held a “Hedera in the Healthcare Industry” podcast on April 1, and you can listen to it here.
Xeni Travel revolutionizes booking with Hedera blockchain
Xeni Travel is leveraging the Hedera blockchain to streamline and secure travel arrangements. Their platform empowers businesses to manage payments and data, automates processes like commissions, and offers a user-friendly booking engine for travelers. This democratizes the travel industry by allowing stakeholders to create custom solutions, similar to Shopify’s impact on e-commerce.
You can read more about Xeni Travel below!
Other Announcements
The HBAR Foundation is sponsoring a DLT Climate Hackathon with a chance for winning $100K in prizes! You can read more about the hackathon here.
Hedera’s DeFi 2.0 vision is taking shape! Major asset managers like abrdn, the UK’s top active wealth manager, are already tokenizing assets on Hedera.
There is an upcoming meetup in NYC in May of 2024! You can get more information here.
These updates highlight Hedera’s commitment to fostering a collaborative ecosystem that empowers businesses, developers, and communities to leverage the power of blockchain technology for positive impact.
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