Input Output (IOHK), the engineering company behind Cardano, and Hedera have joined Ripple, Algorand, Hashgraph, and XRPL, “on a mission to simplify one of the most critical issues in Web3 – the recovery and adoption of crypto and digital assets,” according to the team: “Launched in January 2024, the DeRec Alliance introduces a new open-source, standardized protocol simplifying and securing digital asset recovery, absolving users of the risks associated with self-sovereignty. Also joining as alliance members today are the DLT Science Foundation, Hashpack, Oasis Protocol Foundation and Palisade.”