Hashgraph Application Studio is a specialized no-code/low-code development platform designed to build and deploy enterprise-grade decentralized applications (dApps) on the Hedera network. It is the result of a strategic partnership between Joget Inc., an open-source application development firm, and The HBAR Foundation. The studio essentially provides a Hedera-centric version of the Joget platform, aiming to democratize dApp development by making it accessible to users with limited or no coding expertise.

The platform’s core functionality revolves around a visual, drag-and-drop interface. This allows users to design application workflows, create user interfaces, and manage data without writing extensive code. A key feature is the "Hedera Ledger Pack," a pre-built integration that simplifies complex interactions with Hedera’s native services. Through simple configuration, users can perform on-chain actions such as creating accounts, transferring HBAR and HTS tokens, minting and burning NFTs, and logging data to the Hedera Consensus Service (HCS).

By abstracting the technical complexities of blockchain, the Hashgraph Application Studio significantly accelerates the development lifecycle for Hedera-based projects.

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The alliance's primary mission is to empower organizations to adopt and use token-based distributed services in their day-to-day operations. To achieve this, the IWA has developed several key frameworks, including the Token Taxonomy Framework (TTF), which provides a common set of definitions and standards for tokens of all types. The IWA also has a strong focus on sustainability, with task forces dedicated to creating standards for Voluntary Ecological Markets and Carbon Emission Tokens.

The Hedera network and its ecosystem partners are active members and contributors to the InterWork Alliance. Hedera has collaborated with the IWA on its Sustainability Working Group, and several applications built on Hedera are designed to be compliant with the IWA's standards.

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The company has established itself as a key development partner within numerous blockchain ecosystems, including a significant and long-standing relationship with Hedera. LimeChain has been instrumental in building core functionalities and tools for the Hedera network. Their collaborative work includes leading the development of the Hedera Token Service (HTS) and creating an open-source demonstration of the Hedera Consensus Service (HCS) integrating with enterprise systems such as Microsoft Dynamics.

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