Independent research firm Fundstrat predicts that Hedera Hashgraph, the enterprise-grade public distributed ledger platform, could generate $1.9 billion in value across its network by 2024. Fundstart’s predictions are highlighted in their latest report, which analyzes Hedera’s recent growth.
The report shows that Hedera’s platform has handled over 36 million transactions since September 2019 when the network became publicly available for anyone to build, test and deploy applications on it. Hedera’s distributed ledger technology is currently being used by companies such as Acoer to help track the spread of the deadly coronavirus, along with Armanino to provide a reliable source of transaction and account data for financial auditors.
Fundstrat’s report also points out that Google joining Hedera Hashgraph’s governing council is a key indicator for future success. While companies such as IBM, Boeing and Deutsche Telekom compose Hedera’s governance council, the addition of Google is a milestone validating Hedera’s enterprise potential.
Hedera Hashgraph CEO Mance Harmon told Cointelegraph that Google will be running its network node on the Google Cloud Platform…
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Author: Rachel Wolfson