Blockchain platform Hedera Hashgraph has partnered with enterprise content management tool Hyland for a blockchain credentialing project in Texas. Blockchain credentials are being developed as a way for governments to explore blockchain technology for IDs, licenses, certificates, and insurance. The partnership aims to build software for efficient government-issued records. The concept will be assessed by the Texas Blockchain Council as blockchain credentialing gains popularity amongst governments across the world. Hedera Hashgraph’s technology utilizes directed acrylic graphs and does not require miners like other consensus algorithms, allowing blocks to be time sequenced.
The Revolutionary Platform
Hedera Hashgraph was started in 2016 as a revolutionary platform that did not require miners like other consensus algorithms and use directed acrylic graphs, so the blocks don’t have to be bundled together and instead can be time sequenced with something called a directed acrylic graph. Hedera’s governance model is set up as a decentralized public blockchain that is overseen by a council of some of the biggest names in the world, from Google and Boeing to IBM to LG.
The Massive Beast
Hyland, on the other hand, might be new to you. If you haven’t heard of Hyland, don’t feel bad because you’re definitely not alone, even though in your life, you may be. However, you might know the name if you are a Fortune 100 executive with purchasing power. That’s because over half of the Fortune 100 uses Hyland for their products and solutions.
In other words, Hedera has partnered with a massive beast for a blockchain credentialing project in Texas that’s totally flying under the radar. But what is really important with this partnership as far as Highland Games is how close Hyland already is with the Texas government.
“What is blockchain credentialing?” you may ask. A blockchain credentialing is a way for governments to explore blockchain for the purpose of credentials, like IDs, licenses, certificates, insurance, etc. Yes, people, blockchain-based IDs are on their way.
These blockchain credentialing systems have massive potential. Obviously, across healthcare, data and many other industries. So let’s take healthcare for example. One of the ways that doctors are able to leverage how much they are worth to a hospital is by earning more licenses.
The Partnership’s Impact
Adding elements of trust, like the Hedera and Hyland partnership, with all of its members, like the Texas Blockchain Council and Hedera’s governance board, will add elements of trust that were once upon a time impossible. These ideas sound great, However, how would they actually work? Well, it’s actually a pretty simple process.
Hedera Hashgraph has found itself a valuable partnership with Hyland for a blockchain credentialing project in Texas. With the potential to revolutionize the healthcare industry and increase trust in credentialing systems, this project could push HBAR to full adoption.