The Hedera Council, which created Hedera Hashgraph, and the American food and beverage giant Mondelēz International have teamed up to develop distributed ledger technology (DLT).
According to a press release, Mondelēz is working to build distributed ledger technology (DLT) based solutions on Hedera as a new member of the Hedera Council, focused on digital transformation projects and supply chain management.
Hedera Hashgraph operates as a public distributed ledger using the hashgraph consensus. Hedera claims to have a different structure from other chains because it uses hashgraph consensus.
The company claims that Hashgraph is the only public DLT that makes use of this, noting that it can process over 10,000 transactions per second and reach low-latency finality in a matter of seconds.
Mondelēz International operates in more than 80 countries and owning brands such as Oreo, Ritz, Cadbury Dairy Milk, and Toblerone.
In the past, Mondelēz collaborated with SKUx, an early-stage fintech payments company, to grow the company’s customer care program. Hedera will be used to monitor the consumer packaged goods supply chain as well as digital payment-based offers.
Xiang Xu, global COE leader of digital strategy and blockchain at Mondelēz International, said, “We are excited to continue our commitment to digital transformation exploring distributed ledger technologies alongside Hedera.”
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