Mondelēz International, the renowned company behind beloved brands like Oreo and Cadbury Chocolate, has made a significant stride towards the mainstream adoption of blockchain technology. The company recently announced its membership in the Hedera Council, a governing body overseeing the Hedera Network, which is described as a “sustainable public ledger for the decentralized economy.” This strategic move is expected to play an integral role in advancing the use of blockchain technology and its integration into everyday business operations.
By joining the Hedera Council, Mondelēz International now stands alongside 30 other influential organizations, contributing to the governance of the Hedera Network. With over 91,000 employees and operations in more than 80 countries, the company’s substantial size and global reach add significant weight to the council’s decision-making process.
Mondelēz International’s focus within the Hedera Council will be on digital transformation initiatives, supply chain management, and enhancing business processes to elevate customer experiences. These strategic areas of focus align with the broader objectives of the council, particularly in steering relevant business solutions for the consumer-packaged goods (CPG) and retail ecosystem.
The decision to intensify engagement with blockchain technology comes at a time when its global adoption is on the rise. Projections indicate that the market for blockchain technology is poised to reach a staggering $103 billion by 2030. Mondelēz International’s commitment to exploring distributed ledger technologies is in line with this upward trend.
Hedera, the network overseen by the Hedera Council, has been making headlines with its significant partnerships and collaborations. One notable initiative involves a $250 million joint effort with the Saudi Ministry of Investment to establish the DeepTech Venture Studio in Riyadh. This venture aims to empower companies in developing innovative technological solutions.
Furthermore, during a meeting at the World Economic Forum, Hedera co-founder Leemon Baird and Ripple CEO Brad Garlinghouse hinted at the possibility of collaboration between the two companies. Garlinghouse expressed the intention to explore potential collaboration, emphasizing the need for dialogue.
Mondelēz International’s entry into the Hedera Council signifies a strategic move to influence the integration of blockchain technology into mainstream business operations. With a focus on digital transformation and customer-centric enhancements, this partnership is expected to be a catalyst for the ongoing evolution of the decentralized economy. It is exciting to witness the progress being made towards a more blockchain-powered future.
FAQ Section:
1. What is the Hedera Council?
The Hedera Council is a governing body responsible for overseeing the Hedera Network, which is a sustainable public ledger for the decentralized economy.
2. How many organizations are part of the Hedera Council?
There are currently 30 influential organizations, including Mondelēz International, that are part of the Hedera Council.
3. What is the role of Mondelēz International within the Hedera Council?
Mondelēz International will focus on digital transformation initiatives, supply chain management, and enhancing business processes to improve customer experiences.
4. Why is Mondelēz International engaging with blockchain technology?
Mondelēz International recognizes the rising global adoption of blockchain technology and aims to explore its potential for enhancing business operations.
5. What are the projections for the blockchain technology market?
It is projected that the market for blockchain technology will reach $103 billion by 2030.
6. Can you provide an example of a notable partnership involving Hedera?
Hedera has entered into a $250 million joint effort with the Saudi Ministry of Investment to establish the DeepTech Venture Studio in Riyadh, which aims to support the development of innovative technological solutions.
7. Is there a possibility of collaboration between Hedera and Ripple?
During a meeting at the World Economic Forum, Hedera co-founder Leemon Baird and Ripple CEO Brad Garlinghouse discussed the potential for collaboration between the two companies.
8. What is the expected impact of Mondelēz International’s entry into the Hedera Council?
Mondelēz International’s partnership with the Hedera Council is expected to drive the integration of blockchain technology into mainstream business operations, particularly in digital transformation and customer-centric enhancements.
Key Terms:
– Blockchain technology: A decentralized and transparent digital ledger used to store and verify transactions across multiple computers and networks.
– Hedera Council: A governing body overseeing the Hedera Network, a sustainable public ledger for the decentralized economy.
– Digital transformation: The use of digital technologies to fundamentally change business processes, operations, and customer experiences.
– Supply chain management: The coordination and oversight of all activities involved in the production, distribution, and delivery of goods and services.
– Consumer-packaged goods (CPG): Products that are consumed everyday, such as food, beverages, and household items.
Related Links:
– Mondelēz International
– Hedera
– Ripple
The source of the article is from the blog anexartiti.gr