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TechFlow reported that entities from the Hedera and Algorand ecosystems are collaborating to develop a new interoperability recovery standard aimed at simplifying the recovery and adoption process for cryptocurrencies and other assets.
They have formed the DeRec Alliance, which aims to provide the Web3 ecosystem with an open-source, industry-standard approach to make digital asset recovery simple and secure.
Entities from the Hedera and Algorand ecosystems are collaborating to develop a new interoperability recovery standard aimed at simplifying the recovery and adoption of crypto and other assets. They have formed the DeRec Consortium, which seeks to provide the Web3 ecosystem with an open-source, industry-standard approach to make digital asset recovery simple and secure.
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