Avery Dennison follows Google and IBM in joining Hedera Council

Manufacturing giant Avery Dennison has joined the Hedera Governing Council just weeks after the likes of LG Electronics and Zain Group

Multinational manufacturer and Fortune 500 company Avery Dennison has become the latest global powerhouse to join the Hedera Governing Council.

In an official statement, the team at Avery Dennison said: “At Avery Dennison, we believe in a future where every physical item will have a unique digital identity and digital life. With over 15 years’ experience in RFID technology, Avery Dennison is a world leader in digital identification technologies. We are pleased to be part of the Hedera Governance Council exploring what the future holds for the connectivity between people, products and systems.”

The Council, which is designed to decentralise the governance of Hedera’s Distributed Ledger Technology (DLT) platform is now made up of 15 multinational entities from a wide range of sectors and regions.

Two months ago, South Korean electronics firm LG joined the council, following the likes of Google, IBM, UCL, Tata Communications, Boeing and many more.

With the council now spanning across Asia, Europe, the Americas and even the Middle East, it demonstrates how far the notion of decentralisation has come since the Bitcoin whitepaper was published more than a decade ago.

Hedera Hashgraph’s token, HBAR, has remained relatively stable since the tail end of last year, hovering around the $0.04 mark with a market cap of $186 million.

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Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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