Hedera, IOHK join DeRec Alliance as final founding members

Cardano’s development arm, Input Output (IOHK), and Hedera, a decentralized public network, have joined the Decentralized Recovery Alliance (DeRec Alliance) as founding members.

According to a press release shared with Cointelegraph, the two entities join Algorand Foundation, Hashgraph, Ripple and XRPL Labs to lead the security and trust Web3 initiative.

Cardano and Hedera will serve on the Technical Oversight Committee for the next two years, helping shape policies and standards to facilitate crypto recovery and simplify user experience.