USE CASES

Hedera Hashgraph Use Cases

The Hedera proof-of-stake public network, powered by hashgraph consensus, achieves the highest-grade of security possible (ABFT), with blazing-fast transaction speeds and incredibly low bandwidth consumption. By combining high-throughput, low fees, and finality in seconds, Hedera leads the way for the future of public ledgers.

DATA

Data Integrity and
Provenance

Regulations are forcing companies to take data compliance seriously, but today, proving actions to customers takes a leap of faith on their part. There is no objective way to prove to the customer that data has been handled and enforced appropriately. The solution is to amplify trust around data compliance by providing a publicly auditable log of actions taken and to provide tools to consumers to audit their own data.

 

Reduce Liability
Grant auditors, regulators, and partners the ability to verify user requests and your organization’s response with a transparent set of records.

 

Protect Brand

Mishandling customer data, and not being responsive to requests, can lead to a loss of reputation. Enhance your brand by providing tools to customers to audit your data compliance actions on their data.

 

Simplify Auditing

Simplify complex and manual auditing processes through data standards and real-time public verifiability, while removing costly third-party intermediaries.

PAY

Payments & Stablecoins

Hedera Token Service offers an opportunity to embrace the disruption of public DLTs for payments in a secure, compliant, and performant manner. Enable secure, real-time, and cost-effective payments in your own stable coin or cryptocurrency.

 

Real-time settlement
Both hbars and Hedera Token Service issued tokens take seconds to settle, on par with the VISA network — this makes hbars, stablecoins, and other cryptocurrency transactions a viable option for commerce and finance.

 

Low and predictable fees
Hashgraph consensus is fast and efficient, enabling low and predictable transaction fees for issued tokens — it costs less than 1¢ USD to transfer any sum of a tokenized asset on Hedera.

 

Regulatory compliance
Stablecoins and cryptocurrencies used for payments require configurations at the account level to meet regulatory compliance. Hedera enables token issuers to define account-level KYC verification and freeze, token supply management, transfer, and more.

 

 * Stablecoins and Central Bank Digital Currencies (CBDCs)

Stablecoins offer the security and decentralization of cryptocurrencies with the price stability of fiat currencies. The Hedera Token Service enables the deployment of stablecoins on the Hedera public network. The Hedera Token Service helps businesses meet regulatory requirements through native compliance configurations.
For financial services implementations requiring a fully private version of a stablecoin, Hedera’s appnet architecture combined with the Hedera Consensus Service provides the best of both worlds - a private, permissioned network plugged into the consensus layer to inherit the security, transparency, and trust of the public Hedera network.

 

 * Cryptocurrencies
Enable users to earn, manage, and transfer hbars or their own cryptocurrency unique to your website or application — enable payments or micropayments in-app, incentivize user participation and behaviour, and reduce costs associated with facilitating value transfer.

Digital Identity

Digital Identity

Credentials capture identity attributes, skills, and qualifications and so determine authorization to software and systems. Key moments in a credential's lifecycle can be recorded using Hedera Consensus Service to add transparency and certainty for each stage.

 

Open Standards
Hedera's credentials follow the decentralized identifier and verifiable credentials standards under development at the W3C.

 

Empower users
Credentials on a decentralized network can give users greater control over when and to whom their identity attributes are shared.

 

Scale to IoT devices
Hedera Consensus Service can scale to support high-volume device identity use cases.

SUPPLY CHAIN

Supply Chain

Verify the authenticity of digital or physical items and track products throughout a supply chain. The Hedera Consensus Service allows for key supply chain events to be immutably registered and made available to independent third parties for verification, enabling greater trust while maintaining privacy and commercial secrecy. Products can also be represented by digital twins through tokenisation and configured, issued, and managed using Hedera Token Service without the need for smart contracts. These ‘non fungible tokens’ can then be tracked and traced, transferred and traded seamlessly on Hedera removing much of the friction that exists in today’s legacy supply chain processes.

Environment, Social and Governance (ESG)

Energy & Sustainability

The monitoring, reporting and verification of the sustainability and societal impact of businesses is more critical than ever. Use of the Hedera Consensus and Token Services enables high-grade renewable energy credit (REC) assets to be generated and marketplaces and platforms to be built to trade them, helping companies to meet their sustainability goals.

loyalty

Customer Engagement

Merchants and aggregated online and in-store engagement ecosystems can now reward consumer spend activity with enterprise grade Customer Engagement Integrated applications built on Hedera to automate the issuing, transfer and sale of verified rewards to consumers with merchant funded non-fungible and fungible tokens.

 

Together with server-side payment routing integration, customer engagement solutions can leverage Hedera Hashraph DLT Consensus and Token Services for enhanced speed, security, trust, resilience, interoperability & platform capability.

Building the Future

About

Contact