Alliance officials including Charles Hoskinson and Dr. Leemon Baird to lead conversations about the open DeRec Protocol at multiple blockchain conferences in Denver, Colorado.

The Decentralized Recovery (“DeRec”) Alliance announced that Kabila, the all-in-one NFT platform to create, launch, and manage tokenized communities, has joined as a general alliance member.

Input | Output and Hedera join Algorand Foundation, Hashgraph (formerly Swirlds Labs), Ripple, and XRPL Labs, as the final Founding Members of the Decentralized Recovery (DeRec) Alliance.

Ripple and XRPL Labs join Swirlds Labs and the Algorand Foundation as founding members of the DeRec Alliance.

Entities from across the Hedera and Algorand ecosystems, including the HBAR Foundation, Algorand Foundation, the Hashgraph Association, Swirlds Labs, the DLT Science Foundation, and industry partners The Building Blocks and BankSocial have partnered to develop an open standard for the protection and recovery of secrets.

Decentralized Recovery (DeRec) is a novel method that safeguards a user’s secrets (a list of passwords, a blockchain account key, grandma’s spaghetti recipe, etc) in a way that they can be recovered in case the original records of them are lost or forgotten.