🚀Cardano development arm IOHK and Hedera join the DeRec Alliance! Together with the Algorand Foundation, Hashgraph, Ripple, and XRPL Labs, they will lead the Web3 security and trust initiative. The DeRec Alliance is committed to simplifying the protection of digital assets and reducing the burden on users to manage security. The open source protocol will provide standardized data recovery solutions, including identity credentials and private keys. How do you think this will affect blockchain security? 💬#Blockchain#Web3#DeRec#Cardano #Hedera