The Hedera Council announced its newest member, Hitachi America, Ltd. (Hitachi), which brings with it industrial solutions expertise. Hitachi offers a broad range of electronics, power and industrial equipment and services, energy, industrial, health care, IT, OT, mobility and IoT with operations throughout the Americas directly and through its subsidiaries. Hitachi aims to begin creating proof-of-concepts for end-to-end supply chain and sustainability solutions on Hedera in the next 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. Members of the Council share an equal vote in the direction of Hedera’s software and services, and run the initial network nodes.
“Hitachi sees real-world potential in distributed ledger technology (DLT) solutions built on Hedera, given the network’s highly scalable and secure technology, and strong commitment to sustainability. Hedera addresses emerging needs in supply chain resiliency, clean energy, IT/OT and the semiconductor industries, for example. Its unique DLT provides the single truth and tokenization mechanisms for distributed workflows that are needed to address these challenges,” said Ravigopal Vennelakanti, Vice President, Big Data Analytics Solutions Lab, at Hitachi.
Hitachi brings new capabilities to the Council, strengthening the network through its technical and research capabilities. Its leadership in innovation-led industrial use cases makes Hitachi a unique and valuable addition to the Council. Hitachi and its affiliates have already employed their technological expertise to develop valuable blockchain technology solutions in payment systems, supply chains, predictive maintenance, and mining. Hitachi also brings further expertise and innovation in machine learning and generative AI technologies to the Council, increasing the wide-ranging, varied expertise which forms its knowledge base.
“DLT is now blossoming into real-world applications at massive scale,” said Bill Miller, co-chair of the membership committee for the Hedera Council. “This requires support from household industry names such as Hitachi, which has a superb history of developing forward-looking technology for industrial, energy, infrastructure, and mobility solutions. Web3 infrastructure is increasingly attractive to large enterprises, who have never before been able to demonstrate the transparency and accountability of supply chain and other systems that are so urgently needed in today’s times. We welcome Hitachi to the Council, and look forward to their innovations built on Hedera.”