Hassan Maishera
On Thursday, the Hedera team announced via a blog post that Repsol, a global energy company, has joined the Hedera Council to accelerate the adoption of Web3 technologies in the energy sector.
In joining Hedera Council, Repsol looks to accomplish three key objectives:
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Standardization: Establish interoperable identity frameworks for suppliers, partners, and employees.
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Automation: Enable wallet-to-wallet credential exchange to streamline all types of KYB/KYC processes.
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Integrity: Deliver verifiable, tamper-proof credentials to eliminate fraud and strengthen trust.
As part of its Council membership, Repsol will operate a node on the Hedera network and will share equal voting power with other members in the governance of Hedera software and services. Additionally, Repsol will explore new DID use cases such as sustainable origin certificate issuance, vendor data verification, and DID-based signature tools, while collaborating with the Hedera ecosystem and other Council members to advance industry-wide adoption of Web3 solutions.
Hedera Hashgraph is a distributed public ledger infrastructure. According to the team, it offers significant improvements over existing blockchains in five areas: performance, security, governance, stability, and regulatory compliance. HBAR is trading at $0.1033 at press time, down 6% over the last 24 hours.
