Transak is a global Web3 payment provider that builds developer-focused tools to bridge traditional finance with digital assets. The company’s core service is to enable users to seamlessly buy and sell cryptocurrencies directly within any decentralized application (dApp). This is primarily achieved through a simple, embeddable widget or API that developers can integrate into their platforms with just a few lines of code.
By handling the complex backend processes of payment processing, fraud monitoring, and regulatory compliance like KYC/AML, Transak solves a critical onboarding challenge for the Web3 ecosystem. It eliminates the need for users to leave a dApp, register on a centralized exchange, and manually transfer funds, which significantly reduces friction and improves user conversion rates. The platform supports a wide array of local payment methods across more than 150 countries, including credit/debit cards, bank transfers, and other regional options.
Transak is integrated with the Hedera network. This enables developers building on Hedera to provide their users with a direct and localized on-ramp to purchase HBAR and other Hedera-based tokens.
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Dragon Glass is a real-time data streaming and analytics platform specifically designed for the Hedera network. It provides developers, businesses, and users with live, granular access to the vast amounts of data generated on the Hedera public ledger. This includes comprehensive details about transactions, Hedera Consensus Service (HCS) messages, Hedera Token Service (HTS) token transfers, and interactions with Hedera Smart Contracts.
Key features of Dragon Glass include robust real-time data feeds, which are delivered via APIs using protocols such as WebSockets or gRPC, enabling responsive application development. It also offers capabilities for querying historical ledger data, allowing for in-depth analysis and reporting. Users can filter data streams or subscribe to specific events, accounts, or topics relevant to their needs.
Dragon Glass supports a numerous use cases ranging from powering dApp front-ends and analytics dashboards to enabling exchanges and wallet providers with up-to-the-second information. It empowers the Hedera ecosystem by making its on-ledger data more accessible, actionable, and easier to integrate into diverse applications.
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).
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.