Gartner published a report named Cool Vendors in Blockchain Technology for May 2020. Hedera Hashgraph is among firms that Gartner named as a Cool Vendor. Hedera executives feel honored because of this recognization.
“We believe being named as a #CoolVendor is an honor for any company, and @Gartner_inc’s recognition of our role in the distributed ecosystem is timely given the growing number of apps building and pushing millions of transactions through the network,” tweeted Hedera Hashgraph.
The Blockchain Cool Vendor
Hedera focuses on enterprise-level use cases of blockchain technology and provides tools and techniques to build decentralized applications.
It claims that the fundamental parts of its blockchain are focused on solving underlying issues preventing mainstream adoption of blockchain technology. Performance, security, stability, and governance are the four elements that the Hedera team focuses on improving in the blockchain ecosystem.
Being chosen by Gartner, the leading analyst firm means a lot for a blockchain team like Hedera and can help them attract more customers and grow popularity.
Hashgraph consensus is the underlying consensus mechanism in Hedera that works more efficiently than traditional consensus mechanisms. The development team believes in this statement and claims more security and transaction per second in its blockchain.
Gartner’s cool vendor report is a research publication by the firm. The Cool Vendor badge from this report doesn’t mean any endorsement or recommending the mentioned team or organization.
The research publication is only based on opinions of Gartner’s Research & Advisory organization and should not be construed as statements of fact. In the report, Gartner notes:
“The purpose and benefits of blockchain across the enterprise are evolving rapidly. The decentralization and immutability of blockchain records play a key role in the offerings of three emerging vendors. Application leaders should investigate their offerings.”
After all, Hedera feels honored by being chosen by Gartner, and regardless of this report’s results, believe in growing opportunities for the future.
“IT and application leaders in many industries want to incorporate decentralized trust into new or existing applications, and have been looking for a distributed ledger solution that meets their high throughput transactions per second (TPS) needs for those applications,” said Mance Harmon, CEO of Hedera Hashgraph.
“We continue to drive towards our mission to be the most performant network to meet the needs of any application developer, looking to build the fastest, most scalable distributed applications,” he added.
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