🌐 **Derec Alliance: Pioneering Blockchain Recovery Standards**
**Ripple (XRP)**  and **XRPL Labs** have joined forces with other blockchain entities to form the Derec Alliance, focusing on creating a unified recovery standard for digital assets.
### 🤝 **Founding Members and Their Roles**
The alliance is spearheaded by industry giants including **Ripple**, **XRPL Labs**, **Swirlds Labs**, and the **Algorand Foundation** , with a shared vision of enhancing blockchain recovery solutions.
### 📜 **Mission and Vision of the Derec Alliance**
The Derec Alliance is committed to developing open-source, standardized recovery protocols to make digital asset management as intuitive and secure as traditional Web2 experiences.
### 🗣️ **Industry Leaders' Call for Collaboration**
Dr. Leemon Baird of **Hedera Hashgraph**  emphasizes the need for industry-wide cooperation to ensure the safety and simplicity of managing digital assets in the Web3 era.
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