Hedera Council Partners With Mondelēz International To Develop DLT Solutions

According to CoinDesk, the Hedera Council, the organization behind Hedera Hashgraph, has partnered with American food and beverage company Mondelēz International to work on distributed ledger technology (DLT). As a new member of the Hedera Council, Mondelēz is working to develop DLT-based solutions on Hedera, focusing on digital transformation initiatives and supply chain management. Hedera Hashgraph is a public distributed ledger that uses hashgraph consensus and is the only public DLT that uses this method. Mondelēz International operates in over 80 countries and owns brands such as Oreo, Ritz, Cadbury Dairy Milk, and Toblerone. The company has previously teamed up with early-stage fintech payments company SKUx to help expand its customer service program. Mondelēz will use Hedera to track the supply chain of consumer-packaged goods and digital payment-based offers. Xiang Xu, global COE leader of digital strategy and blockchain at Mondelēz International, expressed excitement about the partnership and the company's commitment to exploring distributed ledger technologies alongside Hedera.