- Hedera $HBAR surged 6.04% in 24 hours, currently trading at $0.05406, following two major announcements from the Hedera Foundation.
- Hedera partnered with Hyundai Motor Group and Kia Motors to launch an AI-enabled supply chain carbon emissions tracking solution called SCEMS on the Hedera network.
- The carbon tracking platform enables auto manufacturers to accurately compute emissions at every supply chain stage using Hedera's scalable and secure network.
- Hedera introduced 'FSCO Continuity,' a conditional payment triggering capability that allows former Mastercard Provenance users to transition to the Hedera Hashgraph platform.
Breaking News: Hedera $HBAR Goes Bullish with These Major Announcements
By Nilesh Hembade 03-August-2023 6:35 AM GMT
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Introduction:
Hedera $HBAR, the blockchain platform known for its high scalability and efficiency, has experienced a significant surge today, recording a remarkable +6.04% increase in the past 24 hours. The cryptocurrency is currently trading at $0.05406, and this bullish trend comes hot on the heels of two major announcements made by the Hedera Foundation.
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1.Hedera Partners with South Korean Automotive Giants for Carbon Emissions Tracking
Hedera has joined forces with Hyundai Motor Group, the largest car manufacturer in South Korea, and Kia Motors Corporation to introduce an AI-enabled supply chain carbon emissions tracking solution on the Hedera network. This joint initiative aims to address the pressing global issue of carbon emissions and their impact on the environment.
Named the “Supplier CO2 Emission Monitoring System” (SCEMS), this innovative platform empowers auto manufacturers to accurately compute carbon emissions at every stage of their supply chain. By leveraging Hedera’s highly scalable and secure network, this tracking system will provide transparent and real-time data on carbon footprints, contributing to environmental sustainability efforts.
We’re excited to announce that @HMGnewsroom, the largest car manufacturer in South Korea, and @Kia have introduced an #AI-enabled supply chain carbon emissions tracking solution on the highly scalable @Hedera network 🇰🇷 pic.twitter.com/PiI7sUfE9G
— HBAR Foundation (@HBAR_foundation) August 2, 2023
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2. Hedera Enables Conditional Payment Triggering with FreshSupplyCoAu
Another significant announcement from Hedera Foundation is the introduction of “FSCO Continuity,” a conditional payment triggering capability formerly found on Mastercard Provenance. Now, this feature is fully operational on the Hedera Hashgraph platform, allowing former users of the sunset Provenance system to seamlessly transition to Hedera.
“FSCO Continuity” offers a robust solution for businesses that seek to leverage conditional payment mechanisms, streamlining their operations and enhancing overall efficiency. Hedera’s integration of this feature reaffirms its commitment to provide a versatile and user-friendly ecosystem for its community.
Today we announce conditional payment triggering capability formerly on @Mastercard Provenance is now functional on @Hedera. This product is @FreshSupplyCoAu “FSCO Continuity” and allows former user of now sunset Provenance to plug into Hedera Hashgraph. We are proud to have been… pic.twitter.com/S6Ja8XZdJh
— David Inderias (@d_inderias) August 1, 2023
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These recent announcements have undoubtedly contributed to the bullish surge of Hedera $HBAR in the cryptocurrency market. As the world increasingly seeks sustainable solutions and streamlined payment systems, Hedera’s partnerships and continuous development position it as a key player in shaping the future of blockchain technology.
Investors and enthusiasts in the cryptocurrency community eagerly await further updates from Hedera as it continues to demonstrate its potential for positive global impact through strategic partnerships and advancements in blockchain technology.
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Conclusion
The recent partnership between Hedera, Hyundai Motor Group, and Kia Motors Corporation marks a significant step forward in addressing the critical issue of carbon emissions in the automotive industry. The introduction of the Supplier CO2 Emission Monitoring System (SCEMS) on the highly scalable Hedera network demonstrates the power of blockchain technology in tackling real-world challenges and promoting environmental sustainability.
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