Hedera (HBAR) Recognized by US Government for Role in Human Rights: Details

Read U.TODAY on

Google News

Many digital currencies are often driven to new highs by different fundamentals, and Hedera (HBAR) is on the frontlines today as it is under the radar of the U.S. government. According to a press release shared by the State Department, Hedera has joined the 150 companies that have shared a commitment to advance democracy.

Related articles

BlockDAG’s CEO and Team Announced: Expected to Surpass Hedera and Polygon with a $1 Projection

30 July 2024

VeChain (VET) And Hedera (HBAR) Triple Red Charts. Rollblock (RBLK) Seems The Summer Sure Money Bet – Times Tabloid

28 July 2024

Specifically, Hedera was recognized for its commitment to use blockchain technology to advance human rights, transparency and sustainability by convening a roundtable featuring thought leaders.

According to the update, Hedera will coordinate the role of blockchain by inviting companies, trade associations, advocacy groups, academics and government officials, publicly share a summary of the discussion, and make recommendations for next steps.

Hedera is branded as one of the most funded, sustainable, enterprise-grade public networks for the decentralized economy that allows individuals and businesses to create powerful decentralized applications. The protocol counts many of the top tech firms as some of the members of its governance council.

Per its commitment to the U.S. government, Hedera will build on the current applications of blockchain, which extend to fighting misinformation, reducing data manipulation and tracking financial flows.

Hedera price on steady run

The update shared by the Hedera protocol has positioned its native digital currency, HBAR token, on an ambitious and bullish path. At the time of writing and per data from CoinMarketCap, HBAR is changing hands at $0.06516, up by 6.89% over the past 24 hours.

The current growth outlook of the protocol has pushed it to pare off the losses it accrued in the trailing seven-day period.

While the commitment to the U.S. State Department may not necessarily drive the growth of Hedera directly, it will definitely play a role in emphasizing the importance of Hedera as an important tech outfit to help drive social change.