Dallas, TX — February 12, 2020 - Hedera Hashgraph, an enterprise-grade public distributed ledger platform, has been named to the Constellation ShortList™ for Blockchain Technology Services in Q1 2020. The technology vendors and service providers included in this program deliver critical transformation initiative requirements for early adopter and fast follower organizations.
Hedera Hashgraph is a public distributed ledger for building decentralized applications. Hedera aims to resolve four fundamental issues preventing mainstream market adoption of public ledger technology — performance, security, stability, and governance.
Hedera is the only public ledger that uses hashgraph consensus, a faster, more secure alternative to blockchain consensus mechanisms. Hashgraph works efficiently to verify transactions while ensuring the highest standard of security to prevent malicious attacks. Hashgraph achieves high-throughput with 10,000+ cryptocurrency transactions per second today and low-latency finality in seconds from its innovative gossip about gossip protocol and virtual voting. Once consensus is reached, it is available on the public ledger for everyone to transparently see.
The network is governed by the Hedera Governing Council, which will comprise up to 39 blue-chip, multinational entities from a diverse array of industries. The Governing Council was designed to ensure decentralized and responsible governance for a next-generation distributed ledger. As a result, developers can confidently build secure, fair, blazing-fast decentralized applications.
“Blockchain, and the broader category of distributed ledger technology, is vital to the future of digital trust and commerce across every industry,” said Mance Harmon, CEO of Hedera Hashgraph. “We have progressed tremendously on the development of our platform over the last year, and in adoption by applications since our mainnet opened to the public last September. Today, over 39 million transactions have been recorded on the Hedera network. We are grateful to Constellation for this recognition of Hedera as a leader in the blockchain and DLT space.”
“Customers often face excessive marketing hype during vendor selection. The Constellation ShortList portfolio identifies the top vendors to consider based on technology investment, use cases, strategic vision, customer value, executive leadership and price,” said R “Ray” Wang, chairman and founder at Constellation Research. Combined with a time bound, accelerated vendor selection engagement, we have guided clients in successful selections and contract negotiations of disruptive technologies. The vendors on this list represent the best of the best.”
Constellation Research advises leaders on leveraging disruptive technologies to achieve business model transformation and streamline business processes. Products and services named to the Constellation ShortList meet the threshold criteria for this category as determined through client inquiries, partner conversations, customer references, vendor selection projects, market share and internal research. The portfolio is updated at least once per year as the analyst team deems necessary based on market conditions.
For more information, visit https://www.hedera.com/whitepaper.
Hedera is a decentralized public network where anyone can carve out a piece of cyberspace to transact, play, and socialize in a secure, trusted environment. Developers can build secure, fair, blazing-fast decentralized applications on top of the Hedera platform. Dr. Leemon Baird, HederaHashgraph Co-Founder and Chief Scientist, and Mance Harmon, Co-founder and CEO of Hedera, invented and developed the groundbreaking hashgraph technology after working at the United States Air Force Academy and as founders of Trio Security, BlueWave Security, and Swirlds, Inc.
For more information, visit www.hedera.com, or follow us on Twitter at @hashgraph, Telegram at t.me/hederahashgraph, or Discord at www.hedera.com/discord. The Hedera whitepaper can be found at www.hedera.com/whitepaper.
Constellation Research does not endorse any solution or service named in its research.