Yesterday, public distributed ledger Hedera Hashgraph announced that UK’s University College London (UCL) is joining its governing council, the first educational institute to participate as a member. Only governing council members run nodes with permission to write to the distributed ledger. UCL is among the top five universities in the UK and has been engaged in blockchain activities since 2016 when it set up the Centre for Blockchain Technologies.
The Hedera Governing Council aims to develop a decentralized governance model for the public ledger. It previously said it would have 39 members from 18 different sectors. UCL now brings the total to 13, joining other council members such as Boeing, Deutsche Telekom, DLA Piper, FIS (WorldPay), Google, IBM, Magalu, Nomura, Swirlds, Swisscom Blockchain, Tata Communications and Wipro.
Hedera Hashgraph is not a blockchain but a hashgraph developed for enterprise solutions. Hedera’s distributed ledger technology (DLT) code is proprietary, and it claims to be more scalable than current proof of work blockchains. The platform raised around $124 million before its launch last year.
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