COFRA Holding is now a member of Hedera’s Governing Council.
COFRA, as a member in the Hedera Governing Council will focus on creating innovative blockchain-based solutions for Hedera. This includes areas such as supply chain transparency and tokenization. COFRA Holdings is a family business with interests across a range of sectors, including real estate investments, sustainable foods, clean energy and fashion retail.
In a statement commenting about COFRA’s entry into the governing council, the Co-Chair of Hedera’s Membership Committee, Simon Olson, said:
“You won’t solve the world’s most intractable problems by working in isolation. It’s a coordination problem. You need to involve a broad range of stakeholders to solve problems like climate changes and bring about global change. COFRA has a long, successful track record of building coalitions to tackle difficult problems and we believe that they will contribute enormously to Hedera.”
Hedera Network – The Rise
Hedera, a leader in open-source proof-of stake networks, has already processed over 8 billion transactions.
The network is a leading blockchain in terms of real-world transaction per second (TPS), which is the primary factor driving the large number of transactions.
Recent Studies Have Affected the Future of Education study by the University College London found that Hedera’s hashgraph proof of stake consensus algorithm is the most energy efficient, which makes it an ideal partner for climate-conscious businesses like COFRA.
Hedera price reaction
The Hedera (HBAR), price reacted to the news in a mild manner, but it could signal the beginning of a reversal away from the HBAR bull market. most technical indicators have been predicting.
HBAR jumped about 2% after the news, hitting a seven-day high of $0.05351.
