SciDex, a protocol for enabling the generation of compliant, human readable, and adaptable smart contracts at scale have announced that they have selected the Hedera Hashgraph public distributed ledger platform and native hbar token for their protocol to support. Furthermore, SciDex will listen to the Hedera community for the selection of a set of future oracles to execute the SciDex smart contracts.

The Hedera platform will offer a public, distributed ledger that enables anyone to easily develop secure, fair, lightning fast, globally distributed applications. The Hedera platform will provide three initial services, a cryptocurrency with support for native micropayments, a distributed file system and smart contracts which will enable any Solidity based smart contracts to run directly on the Hedera platform.

“Hedera’s technology, team and community is of the highest quality in the ecosystem. Supporting their powerful and innovative distributed ledger platform is a crucial step for the Scidex protocol,” said Alex Bouaziz, CEO and Co-Founder of SciDex. “SciDex’s mission to enable companies to generate and utilize smart contracts for all kind of business transactions — even if they’re not on a distributed ledger — is one that will bring the benefits of DLT mainstream, and make it attractive to a much larger audience of businesses. We are excited that they have chosen to support the Hedera platform, and look forward to working with them to further enterprise adoption of distributed ledger technology,” said Jordan Fried, VP of Global Business Development at Hedera.

SciDex and Hedera look forward to their collaboration and the advancement it will bring to both organisations and the overall ecosystem.

The Hedera whitepaper can be found at https://hedera.com/whitepaper.

Stay tuned for more exciting news!

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