Hyundai and Kia Collaborate with Hedera: Impact of This Collaboration on HBAR Prices

Bittime - Hyundai and Kia recently announced a major move combining blockchain technology with sustainability initiatives. Through a partnership with Hedera, the two launched Integrated Greenhouse Gas Information System (MADE). 

This is an innovative platform designed to monitor and manage carbon emissions across their operations. However, what attracts further attention is the impact of this collaboration on the price of Hedera's HBAR token. 

Along with this announcement, how will the HBAR price move in the crypto market, and what impact will it have on investors? Read the full review!

Hedera's Role in Hyundai and Kia IGIS Systems

The newly launched IGIS platform not only provides advanced solutions for monitoring carbon footprints. However, this platform also utilizes blockchain technology to increase data transparency and reliability. 

Use Life Cycle Assessment (LCA), IGIS is able to collect and calculate carbon footprint data at every stage of the vehicle life cycle, from production to distribution. 

This platform is not only integrated with the company's internal systems, but also uses the Hedera blockchain to ensure data is safe and cannot be manipulated.

This partnership is part of Hyundai and Kia's commitment to achieving carbon neutrality. By integrating AI into the SCEMS (Supplier CO2 Emission Monitoring System) system which is also supported by Hedera, this automotive company is further strengthening its steps in reducing global carbon emissions. 

Data collected through IGIS will help companies achieve external certifications such as CDP and RE100, as well as strengthen their position in complying with international sustainability standards.

Read also: Hedera (HBAR) Coin: Latest Analysis and Predictions for 2025

Hedera and its Effect on HBAR Prices

The collaboration between Hedera, Hyundai, and Kia in the development of IGIS certainly has the potential to have a significant impact on the price of HBAR, the native token of the Hedera network. Currently, HBAR is trading at around $0.2784 (around Rp. 4,510), registering an increase of 3.15% in the last 24 hours. 

As Hedera is increasingly adopted in large industrial sectors, demand for HBAR as a utility token for transactions and payments in this blockchain ecosystem is expected to increase.

Over time, as more blockchain-based systems are implemented using Hedera, HBAR has the potential to experience further price spikes. 

Additionally, partnerships with global companies such as Hyundai and Kia provide additional legitimacy to Hedera, which could attract more investors to purchase and hold HBAR.

Hedera has proven its ability to create efficient and secure blockchain solutions, with other important partnerships such as EDF and NVIDIA. 

The continuation of initiatives such as IGIS, as well as further integration in environmentally friendly projects, provides positive expectations for the future of Hedera and the price of HBAR.

Read also: HBAR ETF Plans and HBAR Price Predictions 2025, Can It Reach $5?

Conclusion

Hedera's collaboration with Hyundai and Kia in the development of IGIS marks a major step in the application of blockchain technology for sustainability purposes. 

With more adoption of this platform, HBAR prices could potentially increase, especially if more companies follow in Hyundai and Kia's footsteps. 

However, as is the case in the crypto market, HBAR price movements remain highly influenced by various external factors and market sentiment. However, this partnership clearly opens up great opportunities for Hedera to achieve wider recognition in the industry and crypto world.

FAQs About Hedera (HBAR)

What is Hedera? 

Hedera is a blockchain network that allows users to send and receive HBAR tokens. This platform is designed to support various cryptocurrency transactions.

How do I access an existing Hedera account? 

If you already have a Hedera account on another platform, you can import the account to the Exodus wallet. This process allows you to manage your HBAR assets easily.

Is Hedera a promising investment? 

HBAR is seen as a potential investment for the long term. This is supported by several factors.

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Reference 

Crypto News Flash, Hedera Integration Boosts IGIS: Hyundai and Kia’s Carbon Management System, accessed January 2, 2025.

Crypto News, Hedera Integration Boosts IGIS: Hyundai and Kia’s Carbon Management System, accessed January 2, 2025.

Author: Y