The InterWork Alliance (IWA) is an organization focused on simplifying and standardizing the use of token-powered services for businesses. As an initiative of the Global Blockchain Business Council (GBBC), the IWA works to create a common language and framework for tokenized assets, which allows different blockchain networks and applications to work together seamlessly.
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.
Project Information
Related Projects
Otrafy is a technology company developing a platform to streamline and automate supply chain management, with a strong focus on food safety and compliance. Its mission is to create a more transparent and efficient supply chain by providing a centralized system for managing documents, tracking products, and collaborating with suppliers.
The core of Otrafy's offering is its supplier management platform. This service provides a suite of tools that allow businesses to automate the collection and verification of supplier documents, ensuring that all suppliers meet the necessary compliance and quality standards. Key features of the platform include automated document requests, real-time tracking of supplier compliance, and a centralized repository for all supply chain data.
Otrafy uses the Hedera Consensus Service (HCS) to create an immutable and auditable record of all supply chain events, from the initial sourcing of raw materials to the final delivery of finished goods. This provides a "single source of truth" for all stakeholders in the supply chain, enhancing transparency and traceability.
The Aria Network is an integrated media company founded in 2018 and based in Los Angeles, California. Its focus is on creating immersive digital experiences that bridge the gap between physical and virtual assets. Aria works with global brands, sports leagues, and celebrities to develop new forms of engagement through augmented reality and other digital technologies.
Aria's primary product is the Aria Exchange, a platform for non-fungible tokens (NFTs). A key feature of the exchange is the concept of "living NFTs," which allows creators to continuously add new content and value to a token after its initial purchase. The platform is designed to be carbon-negative, tracking the carbon footprint of each transaction and offsetting it through partnerships.
The Aria Exchange is built with a direct and foundational connection to the Hedera network. Every NFT minted and traded on the Aria Exchange is securely stored on the Hedera distributed ledger. This integration provides an immutable and transparent record of ownership and transaction history for every digital asset.
Hashport is an interoperability solution designed to connect the Hedera network with other major blockchain ecosystems and enable the transfer of digital assets across distributed ledgers. It functions as a public utility, facilitating bidirectional token bridging, which allows users to move assets from one network to another.
The platform supports connections between the Hedera blockchain network and other prominent blockchains such as Ethereum, Polygon, and BNB Chain. The process involves users locking their original assets on the source chain to facilitate “porting” of newly-minted, wrapped versions of the original asset to the destination chain. Upon retrieval, the ported asset version is burned on the destination network thus unlocking the original tokens on their native chain.
Hashport utilizes a consortium of independent and reputable validators verify and authorize transactions in order to ensure end-to-end security. These validators monitor events on the connected chains to ensure the integrity of the bridging process. By enabling seamless cross-chain transfers, Hashport plays a vital role in expanding the reach of decentralized applications (dApps) and assets within the Hedera ecosystem.
Metacourt is a virtual metaverse platform created in an official partnership with Tennis Australia to extend the fan experience of the Australian Open (AO). It provides a 3D digital recreation of Melbourne Park, the tournament’s physical grounds, allowing a global audience to explore the venue, interact with other fans, and stream live or historic matches from within the metaverse.
The platform leverages the Hedera network to power its digital asset strategy including its central feature, the "AO Art Ball" NFT collection, which consists of thousands of unique NFTs linked to specific 19cm x 19cm plots of the real-world tennis courts. When a winning shot from an official match lands on a plot, the corresponding NFT is updated in real-time with match data, and its owner is rewarded with exclusive utility, such as match footage or merchandise.
Metacourt a novel, gamified experience secured on the Hedera blockchain network to provide fans with verifiable ownership of unique moments in tennis history.