The American food and beverage business Mondelēz International (Nasdaq: MDLZ) and the Hedera Council, the group that created Hedera Hashgraph, have teamed together to cooperate on distributed ledger technology (DLT).As a recent addition to the Hedera Council, Mondelēz is concentrating on supply chain management and digital transformation projects as it works to create distributed ledger technology (DLT) based solutions on Hedera, according to a news statement.
HederaHashgraph is a hashgraph consensus public distributed ledger.Because hashgraph consensus is used by Hedera, it claims to have a different structure from other chains.The company claims that Hashgraph is the only public DLT that makes use of this, noting that it can process over 10,000 transactions per second and reach low-latency finality in a matter of seconds.
The brands Cadbury Dairy Milk, Oreo, Ritz, and Toblerone are owned by Mondelēz International, which has operations in more than 80 countries.In order to assist the company’s customer service program grow, Mondelēz previously partnered with SKUx, an early-stage fintech payments company.The consumer packaged products supply chain and digital payment-based offers will be monitored by Hedera.
“We are excited to continue our commitment to digital transformation exploring distributed ledger technologies alongside Hedera,” said Xiang Xu, global COE leader of digital strategy and blockChain at Mondelēz International.