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.
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Sparkle CS is a UK-based technology company developing an "omni-channel" platform to bridge the gap between digital and physical retail commerce. The company's mission is to help businesses unify their e-commerce and in-store operations, enabling them to create a seamless customer experience and leverage real-time data for targeted marketing and loyalty campaigns.
The core of Sparkle's service is its data platform, which integrates with point-of-sale (POS) payments and e-commerce sales platforms. This allows businesses to connect and analyze data from multiple sources, providing a single, unified view of their customers. Key services include the digitization of coupons, the creation of hyper-targeted offers, and real-time analytics for events and retail. The platform is designed to be deployed without requiring costly changes to a business's existing infrastructure.
Sparkle uses the Hedera Consensus Service (HCS) to create a secure and auditable log of all transactions on its platform, including the issuance and redemption of digital coupons and eReceipts.
PowerSynch is a digital platform developed by American PowerNet, the first independent company to be granted a power marketer license by the Federal Energy Regulatory Commission (FERC). It specializes in providing direct access to wholesale electricity markets for commercial and industrial clients.
The PowerSynch platform functions as a marketplace for sustainable energy, connecting large-scale buyers directly with renewable energy generators. Its primary service is to facilitate transparent and efficient online transactions for wholesale power, bundled with Renewable Energy Credits (RECs). The platform enables buyers to competitively bid for wholesale blocks of power, offering flexible, short-duration Power Purchase Agreements (PPAs). For sellers, PowerSynch provides a streamlined process to offer their renewable energy to a larger market with the assurance of payment upon delivery. The platform manages the physical delivery of power and provides audit-ready data for environmental reporting.
PowerSynch leverages the Hedera network to ensure the transparency and verifiability of its transactions. The use of Hedera is intended to increase trust in the renewable energy market, prevent double-counting of RECs, and provide a secure, auditable trail for all transactions.
MyHBARWallet is a free, open-source, and client-side interface that allows users to interact with the Hedera network. It was one of the first wallets to support HBAR, the native cryptocurrency of Hedera, and has played a significant role in the growth of the ecosystem.
Its core services is providing a user-friendly and secure wallet that allows users to create new Hedera accounts, generate and manage private keys, and send and receive HBAR and other tokens issued on the Hedera Token Service (HTS). It also supports staking, which allows users to earn rewards for helping to secure the network. A key feature of MyHBARWallet is its support for hardware wallets such as the Ledger Nano.
MyHBARWallet is a dedicated wallet for the Hedera ecosystem and utilizes all of Hedera's core services. It uses the Hedera Token Service (HTS) for all token-related functions, the Hedera Consensus Service (HCS) for any necessary transaction ordering and logging, and the Hedera File Service (HFS) for storing any relevant data. This deep integration with Hedera's fast, secure, and low-cost infrastructure makes MyHBARWallet a powerful and efficient tool for anyone looking to interact with the Hedera network.
Shinhan Bank is one of South Korea's largest and oldest commercial banks, with a history dating back to 1897. It offers a comprehensive range of financial services, including personal and corporate banking, foreign exchange, wealth management, and investment banking with a focus on digital innovation. It is a member of the Hedera Governing Council.
Its parent company is the Shinhan Financial Group, a major financial holding company in Korea with a significant domestic market share and an expanding international presence across Asia, Europe, and North America.
Shinhan Bank offers a blockchain-based loan management platform through a partnership with the Small Business Market Promotion Corporation (SEMAS). It has also launched a blockchain credentialing system for verifying loan documents and an integrated blockchain-based Decentralized ID (DID) for its mobile banking app, SOL.
Additionally, Shinhan Bank previously partnered with Standard Bank to develop a cross-border remittance system using stablecoins built on the Hedera distributed blockchain network. This enables the issuance and trading of stablecoins pegged to national currencies such as the South Korean won and South African rand utilizing Hedera's Token Service (HTS) and Consensus Service (HCS).