Hedera introduces Hashsphere: Enterprise's new private blockchain

Hedera Hashgraph grandly launched Hashsphere, a private blockchain platform specially designed for enterprises.

Hedera, a pioneer in blockchain technology, officially launched Hashsphere, a private blockchain platform for enterprise users. This move is part of Hedera's strategic deployment to expand services and meet more customer needs. Hashsphere, currently in beta, is a licensed network designed to meet the special needs of businesses that process sensitive data or are in a strictly regulated industry.

Unlike public blockchains that are open to all users, Hashsphere provides a fully managed environment and ensures compliance with KYC and AML regulations. Enterprises can develop and deploy decentralized applications (DApps) within the framework of security and compliance to meet the growing demand for Web3 technology.

Hashsphere leverages Hedera's scalable, EVM-compatible technology to enable developers to build DApps that interact seamlessly with other blockchain networks, which is key to modern enterprise solutions. Businesses will also benefit from Hedera's proven high transaction speeds, strong security, and a sustainable network to increase operational efficiency while ensuring compliance.

Hashsphere will integrate with Hedera's existing services, including its token services, consensus services and smart contract services. This integration enables enterprises to securely issue and manage digital assets with Hedera’s token service and enable transaction transparency and trusted timestamps through Hedera’s consensus service.

Hedera encourages asset management companies, banks and payment providers to use Hashsphere for tokenization and payment processing. Early users of Hashsphere include Australian payment companies Plus, Blade Labs and Vayana, who are already experiencing the platform's capabilities.

Hedera plans to officially launch Hashsphere in the third quarter of 2025, providing enterprises with a powerful blockchain solution that combines the advantages of both public and private blockchains.

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