Cardano Developer InputOutput and Hedera Join the DeRec Alliance as Final Founding Members
Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...
The Decentralized Recovery (DeRec) Alliance Research has welcomed its final Founding Members: research and engineering company and Cardano developer Input|Output, as well as the open-source, proof-of-stake network Hedera.
With this move, they have joined Algorand Foundation, Hashgraph (formerly Swirlds Labs), Ripple, and XRPL Labs.
Founding Members’ role is leadership in oversight and governance.
The companies get two-year seats on the Technical Oversight Committee (TOC).
With their TOC membership, Input | Output and Hedera will provide “critical input” on the Alliance’s governance structure and core policies.
This is necessary for the Alliance to maintain its strategic focus and to address the needs of its growing community, the announcement said.
The new members’ “combined expertise and insight will be a great asset to the Alliance,” said Hedera co-founder Leemon Baird. “It’s exciting to see the industry collaborating across so many ecosystems to provide the decentralized recovery that the world so desperately needs.”
In addition to the above-mentioned companies, the DLT Science Foundation, Hashpack, Oasis Protocol Foundation, and Palisade have joined as Alliance Members.
Their role is to advance the DeRec Alliance’s mission of “creating an interoperability recovery standard to facilitate the widespread adoption of crypto and other assets.”
The members provide policy input and oversee the development of DeRec-based solutions, thus shaping the Alliance’s direction.
Moreover, Alliance Members attend quarterly meetings, nominate
Read more on cryptonews.com
