Repsol has joined the Hedera Council to advance Web3 adoption in energy, with a focus on decentralised digital identity for verification and compliance.
Repsol has joined the Hedera Council to accelerate the adoption of Web3 technologies in the energy sector, with a focus on decentralised digital identity (DID) for trusted business
interactions. Repsol operates in more than 90 countries and serves over 24 million customers, according to the announcement.
Repsol said it plans to leverage Hedera’s distributed ledger technology to support secure, auditable, and real-time information management, enabling compliance with upcoming EUDI Wallets and regulations, including eIDAS2 and GDPR.
The initiative is also aimed at reducing administrative burden and increasing transparency in processes such as procurement, supplier onboarding, and sustainability reporting.
Repsol outlined objectives, including identity framework standardisation, wallet-to-wallet credential exchange to streamline KYB/KYC processes, and verifiable tamper-proof credentials to reduce fraud.
As a Council member, Repsol will operate a node on the Hedera network and hold equal voting power in Hedera governance.
Tom Sylvester, President of Hedera Council, said: “Their decision to build foundational digital identity use cases on Hedera underscores a clear reality: the future of multinational operations and complex supply-chain verification demands trusted governance.”
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