Cardano And Hedera Join The Digital Asset Registration Alliance, This Is The Goal!

Cardano and Hedera join the digital asset registration alliance (Photo; Doc. U.Today)

JAKARTA - In an effort to strengthen the blockchain ecosystem and increase transparency in digital asset management, two major blockchain platforms, Cardano and Hedera, have recently announced their participation in the Digital Asset Registration Alliance (DeRec Alliance). The alliance aims to develop industry standards in listing and managing digital assets. The joining of these two platforms is seen as a strategic step to expand the application of blockchain technology in digital asset management more reliably and transparently.

The DeRec Alliance was formed with the main mission of creating industry standards in digital asset management. With this standard, it is hoped that a more transparent and reliable system will be created in recording and managing digital assets such as cryptocurrencies and tokens. The alliance also aims to accelerate the adoption of blockchain technology, not only among financial institutions, but also by the wider community.

As two big names in the blockchain world, both Cardano and Hedera have made various significant innovations in this field. Their participation in this alliance is considered to be able to make a big contribution in achieving the goals of the DeRec Alliance.

Quoted from Cointurk, representatives from Cardano stated that their participation in this alliance was an "important step in digital asset management." Meanwhile, Hedera's representative added that DeRec Alliance is an ideal platform to create new standards in digital asset management.

With the formation of this alliance, it is hoped that there will be a more reliable and transparent development of methods in managing digital assets. This is expected to be able to expand the reach of blockchain technology adoption to more users, both individuals and companies.

Previously, various blockchain platforms had developed different digital asset management standards, depending on the needs of each company. However, with the DeRec Alliance, it is hoped that a comprehensive standard will be widely recognized throughout the industry. This standard will not only make digital assets more accessible, but also increase public confidence in blockchain technology.