Hedera

Foundation

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Hyundai and Kia, two major automakers, have embraced the <a href="https://twitter.com/HBAR_foundation/status/1686709300629041152" rel="noopener noreferrer nofollow">Hedera network</a>, indicating an increase in blockchain adoption. 
According to an exciting announcement, Hyundai Motor Company and Kia Corporation have introduced a CO2 Emission Monitoring System based on the Hedera network. 
<blockquote class="twitter-tweet"> 
 We’re excited to announce that <a href="https://twitter.com/HMGnewsroom?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@HMGnewsroom</a>, the largest car manufacturer in South Korea, and <a href="https://twitter.com/Kia?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Kia</a> have introduced an <a href="https://twitter.com/hashtag/AI?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#AI</a>-enabled supply chain carbon emissions tracking solution on the highly scalable <a href="https://twitter.com/hedera?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Hedera</a> network 🇰🇷 <a href="https://t.co/PiI7sUfE9G" rel="noopener noreferrer nofollow">pic.twitter.com/PiI7sUfE9G</a>— HBAR Foundation (@HBAR_foundation) <a href="https://twitter.com/HBAR_foundation/status/1686709300629041152?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 2, 2023</a> 
</blockquote> 
The HBAR Foundation revealed in a <a href="https://www.hbarfoundation.org/blog-post/hyundai-motor-and-kia-introduce-co2-emission-monitoring-system-built-on-the-hedera-network" rel="noopener noreferrer nofollow">blog post</a> that Hyundai, South Korea's largest car manufacturer, and Kia have launched an AI-enabled supply chain carbon emissions tracking solution on the Hedera network. 
Using the <a href="https://u.today/hedera-hbar-to-undergo-mainnet-upgrade-details" rel="noopener noreferrer nofollow">Hedera network</a>, the blockchain-based Supplier CO2 Emission Monitoring System (SCEMS) would manage the carbon emissions of business partners. The successful integration of the implementation with Hedera would also assure data integrity and transparency throughout the supply chains. 
According to the blog post, Hyundai and Kia have successfully validated the functionality of Hedera's network and have decided to use it to achieve their essential goal of gathering carbon emissions data in a timely and secure manner. 
With this innovative system, Hyundai and Kia aim to combat climate change and build sustainable supply chains inside the company and with their cooperative partners. 
Hyundai's integration of Hedera, as one of the world's leading automobile manufacturers, marks a key milestone for sustainability in the auto industry, according to the official Hedera Twitter account. 
<a href="https://www.hbarfoundation.org/blog-post/spotlight-how-two-asian-financial-giants-piloted-evm-compatible-international-remittances-on-hedera" rel="noopener noreferrer nofollow">Shinhan Bank</a>, Taiwan's largest financial institution and South Korea's oldest bank, conducted an international remittance trial last week, verifying Hedera's feasibility for EVM-based stablecoin issuers worldwide. 
In another big milestone, the<a href="https://twitter.com/hedera/status/1685993133668982784" rel="noopener noreferrer nofollow"> Hedera </a>mainnet has crossed the 16 billion transaction mark.

Hedera Network Embraced by Hyundai and Kia for Innovation

U_Today

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