Business News Report
February 14, 2024

Mondelēz International Joins Hedera Council to Explore and Accelerate DLT Adoption

In Brief

Mondelēz has joined Hedera Council as member to leverage DLT and enhance its supply chain management and customer experiences.

Mondelēz Partners with Hedera Council to Explore the DLT Potential

Hedera Council, the entity overseeing the proof-of-stake public network Hedera Hashgraph entered into a partnership with food and beverage company Mondelēz to jointly work on distributed ledger technology (DLT). 

As a new member of the Hedera Council, Mondelēz is actively engaged in the creation of pioneering solutions leveraging DLT on the Hedera platform, initially focusing on digital transformation projects, supply chain management, and optimizing business processes to enhance overall customer experiences. 

“We are excited to continue our commitment to digital transformation exploring distributed ledger technologies alongside Hedera. The potential to solve longstanding retail industry challenges for consumer-packaged goods companies and merchants is very compelling,” said Xiang Xu, Global COE Leader of Digital Strategy and BlockChain at Mondelēz International.

Mondelēz’s venture into DLT is set to enhance its capacity to assist customers in their digital transformation endeavors. The company’s overarching objective is to foster innovation in customer engagement and amplify business efficiency and sustainability with the aim of Web3 and DLT technologies.

Previously, Mondelēz forged a partnership with SKUx, an early-stage fintech payments company, aiming to enhance its customer service program. Leveraging Hedera Hashgraph, the collaboration focuses on tracking the supply chain of consumer-packaged goods and facilitating digital payment-based offers.

Hedera Hashgraph is a public distributed ledger employing hashgraph consensus as its underlying mechanism. According to the Hedera Council, it stands as the sole public DLT implementing this method. Notably, Hashgraph demonstrates an impressive capacity, achieving over 10,000 transactions per second and providing low-latency finality within a matter of seconds. 

Hedera Council Propels Innovations Collaborating with Leading Companies 

Hedera serves as an open-source, leaderless proof-of-stake network that drives the evolution of Web3. Its resilient ecosystem is collaboratively constructed by a diverse global community, operating on a network overseen by a council comprising prominent organizations including Chainlink Labs, Deutsche Telekom, Google, IBM, Nomura Holdings, Standard Bank Group, Ubisoft, and others. 

Recently, technology company Dell has become a new member of the Hedera Council. In this capacity, Dell operates a consensus node, responsible for establishing transaction order. Council members are additionally involved in managing the network’s software. Additionally, Dell harnesses the capabilities of the Hedera network for application development, showcasing a strategic move to leverage its expertise within the network’s ecosystem.

The new collaboration between Hedera Council and Mondelēz, signifies a strategic commitment to advancing DLT, fostering innovation, and enhancing operational efficiency within the evolving landscape of Web3.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

Hot Stories
Join Our Newsletter.
Latest News

The DOGE Frenzy: Analysing Dogecoin’s (DOGE) Recent Surge in Value

The cryptocurrency industry is rapidly expanding, and meme coins are preparing for a significant upswing. Dogecoin (DOGE), ...

Know More

The Evolution of AI-Generated Content in the Metaverse

The emergence of generative AI content is one of the most fascinating developments inside the virtual environment ...

Know More
Join Our Innovative Tech Community
Read More
Read more
Othentic Raises $4M Funding From Breyer Capital To Advance Development Of Modular Networks In Shared Security Environment
Business News Report Technology
Othentic Raises $4M Funding From Breyer Capital To Advance Development Of Modular Networks In Shared Security Environment
April 22, 2024
Celo Developer cLabs Proposes Launch Of Its Ethereum Layer 2 Solution On Optimism’s OP Stack
News Report Technology
Celo Developer cLabs Proposes Launch Of Its Ethereum Layer 2 Solution On Optimism’s OP Stack
April 22, 2024
ICON Integrates Its Cross-Chain DEX Balanced With Injective, Announces Regular INJ Token Purchases
Business News Report Technology
ICON Integrates Its Cross-Chain DEX Balanced With Injective, Announces Regular INJ Token Purchases
April 22, 2024
Exponential Bitcoin Bull Market Is Yet To Commence, Notes Crypto Analyst Willy Woo
Markets News Report Technology
Exponential Bitcoin Bull Market Is Yet To Commence, Notes Crypto Analyst Willy Woo
April 22, 2024