Breaking News: Hedera $HBAR Goes Bullish with These Major Announcements

Breaking News: Hedera $HBAR Goes Bullish with These Major Announcements

By Nilesh Hembade 03-August-2023 6:35 AM GMT

Breaking News Hedera $HBAR Goes Bullish with These Major Announcements (1)

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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.

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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.

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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.

Disclaimer:

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