Odaily Planet Daily News Cardano's development department Input Output (IOHK) and decentralized public network Hedera have joined the Decentralized Recovery (DeRec) Alliance as founding members, joining the Algorand Foundation, Hashgraph, Ripple and XRPL Labs to lead the security and trust Web3 initiative. It is reported that the DeRec Alliance aims to solve the complexity of protecting digital assets and reduce the user's burdensome experience in managing security. The alliance's open source protocol provides interoperable and standardized solutions for data recovery, including identity credentials and private keys. (Cointelegraph)