Cofra Holding, a Swiss company active worldwide in fashion, real estate, and private equity, has joined Hedera’s Board of Governors. Hedera is a decentralized public network that enables individuals and businesses to build and deploy apps.
By joining the Board of Governors, Cofra will play an important role in promoting the adoption of Distributed Ledger Technology (DLT) and promoting leadership and support.
Hedera CEO Mans Harmon said the addition of Cofra to the board will bring new perspectives and expertise in environmental, social, and governance (ESG). Harmon also said the council’s mission is to create a secure, decentralized, and sustainable digital future.
Role of Cofra Holding and Hedera Board of Governors
As a member of the board of directors, Cofra Holding will play an active role in the decision-making process and contribute to the strategic planning of Hedera.
His presence will no doubt benefit the current board members, including Google, IBM, and LG. Hedera’s governance style ensures that the decisions made by the board members are transparent and serve the interests of the network.
Cofra is committed to sustainability and participates in many initiatives related to the environment, social relations, and management. The company’s interest in DLT stems from its potential for transparency, security, and efficiency in supply chain management.
In addition, they believe that DLT can transform business operations and have a positive impact on the environment by reducing carbon emissions, waste, and energy consumption.
Hedera’s influence is growing in the DLT space
Hedera has made significant progress in the DLT space, attracting the attention of individuals and businesses. The network’s unique governance and technical capabilities make it different from other blockchain networks, allowing it to extend to many cases such as digital identity, supply chains, and decentralized finance. .
In the past few months, Hedera has announced partnerships with several leading companies, including Chainlink, Standard Bank Group, and Tata Communications. These partnerships have enabled the network to extend its reach, attract new users, and support the development of new solutions.
Cofra’s presence on the board strengthens Hedera’s position as a leading network in the DLT space. Thanks to Cofra’s expertise in sustainable development, Hedera will position itself as a network that promotes sustainable development and environmental protection.
Impact on DLT Implementation and possible collaboration
It is expected that the participation of Cofra Holding in the Board of Governors of Hedera will have a significant impact on the implementation of Distributed Ledger Technology (DLT) in various companies.
As a diversified and global company, Cofra has extensive experience and expertise across various industries that can help implement DLT solutions in areas such as supply chain management, finance, and real estate.
With Cofra’s support in support and environmental services, the partnership with Hedera opens up opportunities to collaborate on projects that promote social networking practices. This collaboration can lead to the development of new solutions that reduce our carbon footprint, improve resource management and increase the transparency of business operations.