Hedera has announced its membership with Blockchain Australia, positioning itself at the forefront of Web3 alongside industry leaders such as Binance, Algo Foundation, and Coinbase. Blockchain Australia, a prominent blockchain association in the region, focuses on reviewing businesses in implementing and evaluating blockchain or distributed ledger technology (DLT).

Blockchain Australia has welcomed Hedera, describing it as an open-source leaderless Proof of Stake (PoS) network with a robust ecosystem built by community members worldwide. The association sees Hedera's addition as a step towards Australia's commitment to innovation and trade leadership.

Hedera looks forward to hosting a session titled "Building the Future of TradFi" on April 10, 2024, and has announced a rescheduling of the testnet reset originally set for April 25, 2024. The Hedera Foundation expresses its dedication to supporting new projects on the network, such as Xeni Travel, which utilizes Hedera's capabilities for automating critical functions like commission payments and vendor payouts.

Hedera's membership with Blockchain Australia comes at a time when its token, HBAR, faces challenges navigating market uncertainty. Despite this, joining the association marks a significant moment for Hedera in Australia, aligning with its mission to onboard billions of users to the new era of the Internet.

Simultaneously, Blockchain Australia leads with initiatives like The Women of Blockchain Australia (WoBA), inaugurated on February 13, 2024, demonstrating its commitment to diversity and inclusion in the blockchain space.