Hedera Hashgraph, the public permissioned distributed ledger, has
announced that IBM and Tata Communications are joining its governance council. The first five
external corporate members announced six months ago were Deutsche Telekom, DLA Piper, retailer Magazine Luiza, Nomura, and Swisscom Blockchain AG. At that time, we explored its governance.
The platform aims to have 39 corporate governance council members representing 18 industry sectors. Hedera, as its name implies, is not a blockchain. The hashgraph is a different kind of distributed ledger which Hedera claims can process hundreds of thousands of transactions per second. It aims to tackle many of the issues it sees with other public blockchains in the areas of performance, security, stability and governance.
“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,” said Mance Harmon, CEO of Hedera Hashgraph.
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Image Copyright: Shape Swirlds, composite Ledger Insights
