Latest news with #StefanDeiss
Tahawul Tech
28-05-2025
- Business
- Tahawul Tech
Hedera Hashgraph delivers scalable, secure, sustainable blockchain solutions for enterprises, governments
Stefan Deiss, Co-Founder and CEO of The Hashgraph Group, explains how Hedera Hashgraph is transforming blockchain's limitations into scalable, secure, and sustainable solutions for enterprises and governments. Hedera Hashgraph is reshaping the distributed ledger landscape through a unique consensus model that delivers high speed, energy efficiency, and enterprise-grade governance. In this exclusive conversation with Stefan Deiss, Co-Founder and CEO of The Hashgraph Group, shares how Hedera is enabling real-world impact—from powering digital notary services at DIFC Courts to revolutionising cross-border payments in Africa. Designed to meet the rigorous demands of governments and large enterprises, Hedera addresses the long-standing challenges of scalability, cost, and compliance that have hindered traditional blockchain adoption. As Deiss outlines, regulatory engagement, legacy integration, and education remain essential to driving broader adoption—challenges the Hashgraph ecosystem is actively addressing through policy leadership and practical innovation. Interview Excerpts: How does the consensus algorithm of Hedera Hashgraph differentiate itself from traditional blockchain models, and what advantages does this offer to enterprises and governments looking to adopt blockchain technology? Hedera Hashgraph employs asynchronous Byzantine Fault Tolerance (aBFT) consensus mechanism that achieves consensus through a gossip-about-gossip protocol and virtual voting, offering faster transaction processing and higher efficiency than traditional Proof-of-Work (PoW) or Proof-of-Stake (PoS) algorithms used in conventional blockchains, with finality achieved in seconds rather than minutes or hours. This fundamental technological distinction enables significant advantages for enterprises and governments that translate into to following concrete benefits: Speed & Scalability: 10,000+ transactions per second (TPS) with 3-5 second finality, which is ideal for real-time enterprise applications like payments or supply chains. Energy-Efficient: Hedera is the world's most energy-efficient blockchain/DLT and consumes just ~0.000003kWh per transaction (1,000x less energy than Visa!), and contributes to enterprises/governments meeting their ESG and sustainability targets. Cost-Efficient: Transaction fees are fixed at $0.0001 per transaction and considered one of the lowest in the industry. Transaction fees are predictable and denominated in USD, making financial forecasting/budgeting easier for enterprises/governments. Highest Security: Mathematically proven asynchronous Byzantine Fault Tolerant (aBFT) ensures the highest levels of security and quantum-resistant that is critical for enterprises and government-grade systems. Governance: Hedera is governed by over 30 of the world's leading organisations such as Boeing, Dell, Deutsche Telekom, Hitachi, IBM, Google, and Standard Bank, just to name a few of the Hedera Council members that provide assurance and governance. Can you share some notable use cases where Hedera Hashgraph has successfully been implemented by governments or large enterprises? Hedera has secured several high-profile implementations for both large enterprises and governmental institutions. For example, Hedera has been successfully implemented into the DIFC Courts in the UAE in 2024 as the underlying technology for its Digital Notary and Digital Wills services. ServiceNow also launched a sustainability tracking solution in 2022 on Hedera that enables enterprises to measure and report carbon emissions transparently, which has been adopted by other enterprises seeking to meet ESG reporting requirements. Standard Bank and Mondelēz International adopted Hedera for faster cross-border payments/trade finance and supply chain/customer loyalty, respectively. Morocco's Ministry of Education used Hedera for student digital identity wallets. Shinhan Bank and Standard Bank partnered on a Hedera stablecoin for the remittance market. Bahrain implemented Hedera for its national vaccine passport. Avery Dennison uses Hedera for tracking connected products via digital IDs. With Hedera's unique approach to scalability and security, how do you see these features addressing the specific challenges faced by both public and private sectors in adopting distributed ledger technologies? Hedera's distributed ledger technology fundamentally addresses the blockchain trilemma, which has hindered adoption: the perceived inability to simultaneously achieve security, scalability, and decentralisation. For the public sector, Hedera provides the transaction throughput necessary for government services (10,000+ TPS) while maintaining immutable and tamper-proof records – essential for applications like digital identity, voting systems, and vital records. 'The governance model of Hedera with a distributed council of the world's leading organisations, delivers the accountability and stability governments require for critical infrastructure.' In the private sector, Hedera addresses enterprise concerns by providing enterprise-grade solutions and decentralised applications that are secure, efficient, and affordable. With low and predictable fixed fees ($0.0001 per transaction) and finality in just seconds, these characteristics enable enterprises to achieve scalability with micro-payments, real-time settlement, and high-volume data integrity solutions, which were previously impractical on traditional blockchains. Most significantly, Hedera's energy efficiency of 0.000003kWh per transaction aligns with corporate ESG initiatives, allowing organisations to leverage Hedera without the environmental concern of traditional blockchains that have deterred adoption. What key challenges do you foresee in facilitating broader adoption, especially within the governmental sector? Despite its technical strengths, Hedera faces adoption challenges in government due to legacy system integration. The Hashgraph Group offers solutions to bridge these technological gaps. Regulatory uncertainty, lack of understanding of distributed ledger technology leading to misassociations, and lengthy government procurement cycles further hinder adoption. Hedera must balance innovation with backward compatibility for ongoing projects. What are the steps Hedera is taking to ensure regulatory compliance in jurisdictions with complex blockchain regulations, particularly in the UAE and the Middle East? Hedera operates with a dedicated Chief Policy Officer that ensures proactive engagement with regulatory bodies around the world, including the UAE and the Middle East, ensuring regulatory compliance in jurisdictions with complex blockchain regulations. The goal of the Hedera policy team is to help shape policy and regulation around the world to enable the broader adoption for enterprises and governments. With that said, the Hedera network is designed with compliance and security in mind, featuring an immutable ledger, auditable, and tamper-proof transaction trails that provide transparency and traceability, essential for meeting regulatory requirements such as the compliant solution developed for the DIFC Courts on Hedera. Hedera's network architecture employs separation of duties to aid data privacy compliance, allowing user control over data handling. For instance, 'tejouri,' a digital vault developed with DIFC Courts in 2022, securely stores various documents in line with UAE law, highlighting Hedera's regulatory commitment. Hedera collaborates globally with regulators to create solutions for data privacy, ESG reporting, and other regulations. This commitment is further shown through the 'DeRec Alliance,' focused on secure and simple digital asset key recovery, interoperability standards, and enhanced compliance to build enterprise and government trust for Web3 adoption.
Yahoo
28-01-2025
- Business
- Yahoo
KPMG in India collaborates with The Hashgraph Group AG to drive enterprise blockchain adoption leveraging Hedera's DLT technology
MUMBAI, India, Jan. 28, 2025 /PRNewswire/ -- KPMG in India, a leading professional services firm, and The Hashgraph Group (THG), a Swiss-based international business, venture capital, and technology company operating exclusively within the Hedera ecosystem, today announced a strategic alliance, aimed at accelerating the impact and enterprise adoption of blockchain and Distributed Ledger Technologies (DLT) across industry sectors, leveraging Hedera's platform capabilities and its enterprise-grade DLT network. The alliance is expected to see KPMG in India and The Hashgraph Group AG (THG) collaborating to enable and advance blockchain adoption, thereby aiming to deliver transformative benefits to enterprise clients globally and across various sectors. The strategic alliance is expected to aim to offer co-branded and joint go-to-market solutions, leveraging THG's Hashgraph for Enterprise (H4E) product suite to enable businesses to benefit from secure enterprise-grade solutions built on the Hedera with service level agreements (SLAs). Blockchain/DLT implementations are rapidly transitioning from nice-to-have to must-have decisions as we further advance into the future of a decentralized and interconnected Web3 economy. The growing adoption of blockchain/DLT is expected to continue to gain traction for enterprises, with this technology now empowering many industries through its distributed ledger system. The evolution of blockchain/DLT as a technology, to a complete digital infrastructure, showcases its unique abilities to boost security, reduce costs, and enable everyday transactions to be more efficient, affordable, and convenient, while saving energy and meeting environmental, social, and governance (ESG) criteria and reporting requirements. Speaking on the alliance, Chaitanya Gogineni, Partner, Digital Lighthouse, KPMG in India, said: "We are excited to join forces with The Hashgraph Group to build innovative Digital Ledger Technology (DLT) led tools and enable digital transformation for our clients. This alliance is built on a shared vision of empowering businesses to harness the power of DLT, unlocking new opportunities and creating lasting value." To this effect, this strategic alliance is expected to combine KPMG in India's extensive expertise in the area of advisory and consulting services with Hedera's leading DLT platform to create robust, secure, and energy-efficient decentralized solutions that can be easily, safely, and seamlessly integrated. The alliance could also look at addressing critical challenges and enterprise needs in areas such as digital identity (DID), digital product passport (DPP), sustainability, supply chain management, asset tokenization, and more. Stefan Deiss, Co-Founder & CEO of The Hashgraph Group, stated: "This strategic alliance with KPMG in India represents a pivotal moment in combining the strengths of a leading professional services firm with the technological power of Hedera as the world's leading layer-1 protocol to enable organizations with Hedera-powered post-quantum enterprise solutions. We are excited to embark on this joint go-to-market journey with KPMG in India and look forward to empowering businesses to compete in the Web3 economy." Additionally, the structured collaboration in the productization and commercialization of blockchain/DLT for enterprises, might enable KPMG in India and THG to pool engineering resources, advisory expertise, investments, and strategic Web3 capabilities to serve the growing demand for enterprise ready blockchain-powered solutions, with the achieved synergy expected to strengthen both KPMG in India and THG's global market presence, while increasing client reach and enhancing service delivery through a joint go to market strategy and unified project execution. Krishna Tyagi, Head of Web3 at KPMG in India, said: "Today blockchain technology has the potential to revolutionize various sectors by providing secure, transparent, and efficient solutions. Our alliance with The Hashgraph Group is expected to enable us to offer our clients immense value and drive innovation in the digital economy enabled by blockchain technology." Hedera leverages its Hashgraph consensus algorithm to achieve high speed, security, and scalability. It's low, predictable fees, and carbon-negative footprint make it ideal for enterprise applications ranging from decentralized finance to sustainability solutions to supply chain management. Governed by some of the world's leading organizations, including the 32 Hedera Governing Council members Hedera offers a trusted and robust quantum-resistant infrastructure for businesses and institutions. Anindya Roychowdhury, Head of Global Partnerships at The Hashgraph Group, said: "Having spent a large part of my professional career with KPMG in India, I am delighted to have facilitated this important collaboration. India is emerging as the world's #1 destination for Web3, and this strategic alliance will establish Hedera as the preferred DLT protocol for governments and enterprises; we have already made significant inroads through our local presence in India and expect to scale massively over the coming years." About KPMG in India KPMG entities in India are professional services firm(s). These Indian member firms are affiliated with KPMG International Limited. KPMG was established in India in August 1993. Our professionals leverage the global network of firms, and are conversant with local laws, regulations, markets and competition. KPMG has offices across India in Ahmedabad, Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Jaipur, Kochi, Kolkata, Mumbai, Noida, Pune, Vadodara and Vijayawada. KPMG entities in India offer services to national and international clients in India across sectors. We strive to provide rapid, performance-based, industry-focused and technology-enabled services, which reflect a shared knowledge of global and local industries and our experience of the Indian business environment. About The Hashgraph Group The Hashgraph Group (THG) is a Swiss-based international business, venture capital, and technology company that operates exclusively within the Hedera ecosystem, specialized in venture building programs and strategic investments aimed at enabling entrepreneurs, enterprises, and governments to adapt and compete in the Web3 economy. THG brings specialist expertise in the design, development, and deployment of enterprise-grade solutions and decentralized applications on Hedera through its team of Hedera-Certified Engineers, including operating multiple venture studios around the world. For more information about The Hashgraph Group, visit About Hedera Governed by a council of the world's leading institutions, Hedera is a high-performance, secure, and sustainable public, permissioned DLT network. It enables seamless tokenization of real-world and digital assets with unmatched performance, security, and compliance. From regulated security tokens to NFTs, Hedera empowers the efficient creation of diverse asset types by providing enterprises and developers with robust open-source tools to unlock illiquid assets and drive the evolution of financial markets. For more information about Hedera, visit Photo: View original content to download multimedia: SOURCE The Hashgraph Association Sign in to access your portfolio
