Wednesday March 03, 2021
Bitcoin (BTC) $50,048.00   Ether (ETH) $1,580.09
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Distributed Ledger Technology

IBM and Tata Communications join Hedera Governing Council

Leading enterprises become members of Hedera Governing Council to guide growth of the Hashgraph distributed ledger platform

Published by CryptoNinjas.net
08/12/2019
Hashgraphibmtata

Hedera Hashgraph, an enterprise-ready distributed ledger platform, has announced that IBM and Tata Communications have joined the Hedera Governing Council. The Council, which will comprise up to 39 multinational entities from a diverse array of industries, was designed to ensure decentralized and responsible governance for a next-generation Distributed Ledger Technology (DLT) platform.

“The addition of IBM and Tata Communications to the Hedera Governing Council is a powerful endorsement of the hashgraph consensus mechanism, and further decentralizes the governance of Hedera Hashgraph. Our governance model, which includes a robust system of checks and balances, ensures power can’t be consolidated, while at the same time providing a stable and scalable platform on which developers can build.”

“Distributed ledger technology is vital to the future of digital trust and commerce. The Hedera Governing Council’s pioneering approach to decentralized DLT governance lays the foundation for a fair and stable commercial platform, while the hashgraph distributed consensus algorithm provides the security and performance required by enterprise customers. Though Council members come from all over the world and from many different sectors, they all share the vision of a better digital future. We are excited to welcome IBM and Tata Communications to the Council.”

– Mance Harmon, CEO of Hedera Hashgraph

All members of the Hedera Governing Council have equal say in approving updates to the Hedera platform codebase and in setting policies for the many nodes that will constitute Hedera’s decentralized network. Hedera’s governance model protects users by eliminating the risk of forks, guaranteeing the integrity of the codebase, and committing to making the source code open for review. Council members serve a maximum of two consecutive three-year terms and act as stewards of the platform.

“We are excited to join the Hedera Governing Council and explore relationships between public networks and industry-specific networks. Hyperledger has proven to be the de facto standard enterprises use to build, manage, and deploy blockchain-based ledgers. We believe Hedera could help provide an interesting way to enhance and simplify the deployment of Hyperledger Fabric in the enterprise, making it easier for groups to build and grow their networks.”

– Jerry Cuomo, Vice President of Blockchain Technologies at IBM

The addition of these two firms further expands the Council’s diversity; it now includes leading enterprises from the telecommunications, technology, financial services, law, and retail sectors.

“Innovations such as DLT, AI, and IoT change the way organizations and people interact with each other and with the world. These emerging technologies can be harnessed to strengthen our efforts to improve operational efficiencies and enable our customers’ digital transformation worldwide. We look forward to engaging with other forward-looking businesses on the Hedera Hashgraph Governing Council to help deliver the potential of DLT to the wider digital economy.”

– Ankur Jindal, Global Head of Corporate Venturing and Innovation at Tata Communications

FacebookTwitterLinkedinRedditE-MailTelegram
Source: Hedera Whitepaper

Related News

Hedera Token Service (HTS) now live to offer native token issuance without smart contracts
Networks & Protocols

Hedera Token Service (HTS) now live to offer native token issuance without smart contracts

02/09/2021
SUKU supply chain as a service platform migrates from Ethereum to Hedera Hashgraph
Networks & Protocols

SUKU supply chain as a service platform migrates from Ethereum to Hedera Hashgraph

02/03/2021
Australia’s national debit operator eftpos joins Hedera Governing Council
Networks & Protocols

Australia’s national debit operator eftpos joins Hedera Governing Council

01/27/2021
The NHS Adopts Hedera Hashgraph for COVID-19 Vaccine Storage & Supply
Networks & Protocols

Everyware and Hedera Hashgraph enabling cold chain monitoring of COVID-19 vaccine for NHS

01/19/2021
Hedera to begin hackathon dedicated to building tokenization apps
dApps

Hedera to begin hackathon dedicated to building tokenization apps

01/14/2021
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
CasinoCoin to migrate to XRP Ledger amidst rebranding

CasinoCoin to migrate to XRP Ledger amidst rebranding

03/01/2021
Horizen to integrate IOTA Oracles on its sidechain protocol Zendoo

Horizen to integrate IOTA Oracles on its sidechain protocol Zendoo

03/01/2021
Canadian bitcoin exchange CoinSmart raises $3.5M to expand into Europe

Canadian bitcoin exchange CoinSmart raises $3.5M to expand into Europe

03/01/2021
ZelaaPayAE deploys Pundi X's merchant crypto payment solutions for UAE

ZelaaPayAE deploys Pundi X’s merchant crypto payment solutions for UAE

02/24/2021
Glow programming language brings smart contract simplicity to Cardano

Glow programming language brings smart contract simplicity to Cardano

02/26/2021
Crypto services firm BCB Group raises $4.5M led by North Island Ventures and Blockchain.com Ventures

Crypto services firm BCB Group raises $4.5M led by North Island Ventures and Blockchain.com Ventures

03/02/2021
DEX aggregator 1inch integrates Bitquery's API-powered crypto trading data

DEX aggregator 1inch integrates Bitquery’s API-powered crypto trading data

03/02/2021
Crypto exchange BiKi cooperates with Hacken on security test

Crypto exchange BiKi cooperates with Hacken on security test

03/02/2021
Binance makes strategic investment in crypto hedge fund Multicoin Capital

Binance makes strategic investment in crypto hedge fund Multicoin Capital

03/02/2021
Crypto investment platform Unchained Capital closes $5.5M funding round

Crypto investment platform Unchained Capital closes $5.5M funding round

03/02/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version