Hedera & Algorand Ecosystems Form DeRec Alliance, Enabling Mass Market Decentralized Recovery 

Announcement live at CfC St. Moritz 2024
The DeRec Alliance aims to bring together the Web3 ecosystem to offer an open-source, industry-standard methodology that makes digital asset recovery painless and secure across wallets. It was announced this morning at the industry leading conference CfC St. Moritz in Switzerland, where Dr. Leemon Baird, co-founder of Hedera and co-CEO of Swirlds Labs, and John Woods, CTO of Algorand Foundation, spoke jointly on a morning panel on Layer 1 superpowers.