Bitcarbon is a digital asset created by Diamond Standard, founded in 2018. Bitcarbon functions as the governance token for the "Carats" ecosystem, which is a system of commodity tokens backed by physical Diamond Standard Coins and Bars held in secure vaults.
The core product is a fungible and transparent diamond commodity, which is tokenised to create liquidity in the previously illiquid diamond market. Each "Carat" token represents a fractional ownership of a Diamond Standard commodity, providing a trustless store of wealth that can be used for payments. The Bitcarbon token, in turn, governs the Carats smart contract and earns revenue from the transaction and custody fees generated by the Carats ecosystem. This creates a unique digital asset that is intrinsically linked to the value and utility of a physical, real-world asset.
Bitcarbon and the entire Diamond Standard ecosystem are deeply integrated with the Hedera network. The company uses the Hedera Token Service (HTS) to mint and manage its digital assets, including the tokens that represent ownership of the physical diamond commodities.
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Circle's USD Coin (USDC), integrated with the Hedera network, offers a regulated, fiat-backed stablecoin pegged to the US dollar. This collaboration allows USDC to be minted natively on Hedera, leveraging the network's fast settlements (around 3-5 seconds), low transaction fees (typically $0.0001 to $0.001, paid in HBAR), and high scalability.
USDC on Hedera provides a trusted, stable, and reliable bridge for decentralized finance (DeFi) applications and end-users on the Circle and Hedera networks. Circle's increasingly popular suite of developer APIs offers full support for USDC on Hedera, facilitating its use in various applications including both payments and micropayments.
With USDC, enterprises and financial institutions have access to cross-platform liquidity and secure cross-border transactions. It’s currently used to facilitate payments and micropayments within applications such as Calaxy, Dropp, and Scintilla as well as to in support of numerous DeFi, NFT projects, and network bridge applications building on Hedera including SaucerSwap and Hashport.
Coforge is a global digital services and solutions provider headquartered in India, with offices in the US, UK, Asia, and Australia. It assists clients in transforming their businesses by integrating domain expertise with emerging technologies.
The firm primarily serves sectors such as banking and financial services, insurance, and travel and hospitality. As a member of the Hedera Governing Council, it serves a key role in the distributed ledger technology (DLT) space.
Coforge offers services utilizing data and analytics, artificial intelligence, machine learning, cloud computing, and digital process automation to deploy innovative solutions on the Hedera platform. Its offerings include application development and management, managed services, and business process solutions, all with a focus on creating intelligent, high-performing, and secure systems.
Through its role with Hedera, Coforge is supports a diverse group of international clients in their digital transformation journeys and serves leading organizations, including numerous Fortune 500 companies. These include Microsoft, Amazon Web Services (AWS), and Salesforce, among others.
RAK DAO (Ras Al Khaimah Digital Assets Oasis) is a government-supported free zone in the United Arab Emirates, launched in 2023. It is the world's first and only free zone exclusively dedicated to digital and virtual asset companies. The initiative is designed to create a vibrant ecosystem for Web3, blockchain, AI, and other emerging technologies, positioning Ras Al Khaimah as a global hub for innovation.
RAK DAO provides a comprehensive suite of services and infrastructure to support the growth of digital asset companies. This includes a robust and transparent legal framework, a variety of licensing options (including for freelancers and digital nomads), and access to a network of partners, VCs, and academic institutions. The free zone offers a range of facilities, from co-working spaces to dedicated offices, and provides professional services to assist with everything from company setup to ongoing operations.
The Hedera Foundation, which fuels the growth of the Hedera ecosystem, is a key partner of RAK DAO. This strategic alliance provides RAK DAO members with direct access to the Hedera network, including grant programs and technical support.
Ping Identity is an identity and access management (IAM) solutions firm that was founded in 2002. It offers a comprehensive suite of services that enable secure and seamless digital experiences for employees, customers, and partners.
The core of Ping Identity's offering is the PingOne Cloud Platform, an identity-as-a-service (IDaaS) solution that provides a wide range of capabilities, including single sign-on (SSO), multi-factor authentication (MFA), and API security. A key product within this platform is PingOne for Individuals, which leverages the ShoCard digital wallet to give users control over their own verified personal data.
Ping Identity uses the Hedera blockchain network to provide security and immutable record-keeping.. The PingOne for Individuals solution is built on the Hedera distributed ledger, which is used to ensure that all verified credentials are tamper-proof and that all transactions are securely recorded. By leveraging Hedera's high-throughput and low-cost infrastructure, Ping Identity provides a scalable and reliable platform for managing digital identities.