IOHK (Input Output Hong Kong), the company behind the Cardano blockchain, has officially joined the Decentralized Recovery (DeRec) Alliance as its final founding member. The DeRec Alliance is a group of forward-thinking companies from across Web2 and Web3 that are committed to making the process of data recovery and asset protection more secure, accessible, and user-friendly.

Cardano's founder and CEO of IOHK, Charles Hoskinson, stated that the DeRec Alliance's mission aligns with Cardano's commitment to open-source, collaboration, and improving the user experience. Hoskinson said, "Input | Output has always been committed to open-source principles, cross-industry collaboration, and blockchain interoperability. As an industry seeking to drive wider adoption, we should all be committed to relentlessly pursuing security, accessibility, and improving the user experience."

The DeRec Alliance now includes other prominent players in the cryptocurrency and blockchain space, such as the Algorand Foundation, Hedera Hashgraph, Ripple, and XRPL Labs. The alliance aims to work together to enhance the security, accessibility, and user experience of decentralized data recovery and asset protection solutions, which are crucial for the wider adoption of blockchain and cryptocurrency technologies.

Source: https://99bitcoins.com/news/cardanos-parent-company-iohk-joins-the-derec-alliance-as-final-founding-member/

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