Input Output (IOHK), the engineering firm behind Cardano, and Hedera have joined Ripple, Algorand, Hashgraph, and XRPL “on a mission to address one of the most critical problems in Web3: simplifying the recovery and adoption of crypto and digital assets,” according to the team. “Launching in January 2024, the DeRec Alliance will introduce a new open-source, standardized protocol that simplifies and secures the recovery of digital assets and frees users from the risks associated with self-sovereignty. Also joining the alliance today are DLT Science Foundation, Hashpack, Oasis Protocol Foundation, and Palisade.”
