The co-founder of a leading Ethereum (ETH) rival is making the case for his blockchain as the crypto bear market continues.
In a new interview with The Wolf of All Streets, Hedera Hashgraph (HBAR) co-founder Mance Harmon lays out two use cases for the layer-1 blockchain, starting with law firm DLA Piper’s TOKO, a platform aiming to make raising capital more efficient.
“The earliest use case was from DLA Piper, a global law firm, and they created a platform that they call TOKO which is a tokenization platform, generally speaking. They originally had in mind the tokenization of commercial real estate assets. The value prop that they bring is, when it comes to tokenization, the technology is not the hard part.
The hard part is navigating the legal and regulatory frameworks cross-jurisdiction on a global basis. And that’s what they do. So they brought that. They were number one… They don’t have the high volume, the high throughput that we were really looking for in a use case to demonstrate the true value prop of Hedera.”
Harmon then explains that a new project is demonstrating the true value proposition of the Hedera network, citing packaging materials company Avery Denison and its atma.io platform.
“Avery Dennison, another global company, has a platform that they call atma.io. This is a product cloud platform. They help companies that are manufacturing some kind of product, whether it be apparel or retail or food or healthcare, they provide a platform… that tracks tokens through the whole supply chain through distributors to retailers to consumers.”
HBAR is trading for $0.0595 at time of writing.
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