Today Google announced it’s joining the governing council of the enterprise distributed ledger, Hedera Hashgraph.
Hashgraph has its own consensus algorithm, which means it’s far more scalable than typical blockchains. Compared to blockchains, it also has the benefits of speed and transaction finality. While it’s a public DLT, it is permissioned, with only governing council members having the ability to write transactions to the ledger. The governing council now has 11 members, including IBM, Boeing, Nomura, Deutsche Telekom and Swisscom.
Apart from being a permissioned ledger, one of Hedera’s key distinguishing features is the code is proprietary. The organization raised $124 million prior to launch.
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