The Hedera Council, the organization behind Hedera Hashgraph, has partnered with US food and beverage company Mondelēz International (Nasdaq: MDLZ) to work on distributed ledger technology (DLT).
As a new member of the Hedera Council, Mondelēz is working to develop distributed ledger technology (DLT)-based solutions on Hedera, focusing on digital transformation initiatives and supply chain management, according to a press release.
Hedera Hashgraph is a public distributed ledger that uses hashgraph consensus. Hedera describes itself as a uniquely structured blockchain compared to other chains due to its use of hashgraph consensus. It is the only public DLT that uses this, according to the company, which notes that Hashgraph achieves more than 10,000 transactions per second and low-latency finality in seconds.
Mondelēz International operates in more than 80 countries and owns the Oreo, Ritz, Cadbury Dairy Milk and Toblerone brands.
Mondelēz previously collaborated with SKUx, an early-stage fintech payments company, to expand the company’s customer service program. It will use Hedera to track the supply chain of consumer packaged goods and digital payments-based offerings.
“We are excited to continue our commitment to digital transformation and explore distributed ledger technologies together with Hedera,” said Xiang Xu, global COE leader of digital strategy and blockChain at Mondelēz International.