It is the first week of January in Davos, Switzerland. SAN FRANCISCO, March 15, 2024 /PRNewswire/ -- The Hedera Council today announced the addition of Hitachi America, Ltd. as its newest member.. The company brings with it a wide range of expertise in industrial solutions (Hitachi). Through its subsidiaries and direct operations throughout the Americas, Hitachi offers a broad range of electronics, power and industrial equipment and services, as well as energy, industrial, health care, IT, OT, mobility, and the Internet of Things.. It is expected that Hitachi will begin creating proof-of-concepts for end-to-end supply chain and sustainability solutions on Hedera by the end of the year
It is expected that Hitachi will begin creating proof-of-concepts for end-to-end supply chain and sustainability solutions on Hedera by the end of the year
The Hedera Council is a consortium of diverse, global organizations and enterprises with a commitment to network innovation and the continued decentralization of the Hedera network. In addition to sharing equal votes, the members of the Council also run the initial network nodes that serve as part of Hedera's software and services.
It is Hitachi's belief that distributed ledger technology (DLT) solutions built on the Hedera network have real-world applications, given Hedera's highly scalable, secure technology, as well as its commitment to sustainability. There are a variety of emerging needs that Hedera addresses in the areas of supply chain resiliency, clean energy, IT/OT and the semiconductor industry, for example.. This unique DLT provides the single truth and tokenization mechanisms for distributed workflows that are required to address these challenges," said Ravigopal Vennelakanti, Vice President of Hitachi's Big Data Analytics Solutions Lab, when speaking about this technology.
This unique DLT provides the single truth and tokenization mechanisms for distributed workflows that are required to address these challenges," said Ravigopal Vennelakanti, Vice President of Hitachi's Big Data Analytics Solutions Lab, when speaking about this technology.
In addition to bringing new capabilities to the Council, Hitachi also brings its technical and research capabilities to the network as well. As a leading provider of innovation-led industrial use cases, Hitachi brings a unique and valuable contribution to the Council as a member. In the past few years, Hitachi and its affiliates have used their technological expertise to develop valuable blockchain technology solutions in the areas of payments, supply chains, predictive maintenance, and mining.. Besides bringing new expertise and innovation in the area of machine learning as well as generative AI technologies to the Council, Hitachi also contributes to the wide-ranging, diverse expertise that makes up its knowledge base.
Besides bringing new expertise and innovation in the area of machine learning as well as generative AI technologies to the Council, Hitachi also contributes to the wide-ranging, diverse expertise that makes up its knowledge base.
According to Bill Miller, co-chair of the membership committee for the Hedera Council, "DLT is now blossoming into real-world applications on a massive scale,". It is essential that we obtain support from household industry names such as Hitachi, which has a rich history of providing cutting-edge technology for industrial, energy, infrastructure, and mobility markets.. In the current times, the Web3 infrastructure is becoming increasingly attractive to large enterprises, which have never been able to demonstrate the transparency and accountability of supply chains and other systems so desperately needed in today's society.. It is our pleasure to welcome Hitachi to the Council, and we look forward to seeing the innovations they will be building on Hedera.
It is our pleasure to welcome Hitachi to the Council, and we look forward to seeing the innovations they will be building on Hedera.

Source prnewswire