Hedera Expands Reach With BRD Wallet Addition

BRD recently updated its wallet compatibility, allowing storage of Hedera Hashgraph's HBAR coin. 

"In addition to the integration in the BRD consumer wallet, Hedera’s network data will be supported in BRD’s recently launched enterprise-grade blockchain data integration platform Blockset, which powers the BRD consumer wallet," said a June 25 statement provided to Cointelegraph. 

Blockset aids enterprise endeavors

Aimed at the enterprise sector, Hedera touts itself as a proof-of-stake, or PoS, public ledger ecosystem, according to its website. The technology uses what it calls Hashgraph network consensus. The project's incorporation with Blockset plays on Hedera's enterprise lean.

Essentially, entities looking into enterprise blockchain can harness Blockset's tools for constructing their solutions, making the process simpler then starting from scratch, the statement said. The Hedera/Blockset incorporation involves data visibility, as well as transactions posting on the network.

Hedera's BRD collaboration furthers the enterprise distributed ledger movement

“Hedera’s hashgraph technology is designed to support high throughput consumer and enterprise usage," Hedera CEO and co-founder Mance Harmon said in the statement. "By including HBAR in BRD’s consumer wallet, we are exposing our technology to millions of users globally," Harmon noted.

The CEO added: 

"With Blockset, the BRD team is also making significant inroads as a prominent driver of enterprise adoption. We are excited to be able to leverage the elite Blockset suite of tools as a means of gaining exposure within the enterprise ecosystem.”

The collaboration also works in favor of BRD, giving the company added connections to the enterprise arena, BRD CEO Adam Traidman said in the statement. 

Like a number of outfits seeing a spike in line with the COVID-19 timeline, more than half a million new U.S. customers have flocked to BRD's platform since the pandemic hit the world in March, the statement said. 

Cointelegraph reached out to Hedera and BRD PR for additional details, but received no response as of press time. This article will be updated accordingly should a response come in.