Hedera Hashgraph has officially announced the London School of Economics
and Political Science as their latest governing council member in a
collective bid to promote social good.
The London School of Economics and Political Science (LSE)
have officially joined Hedera Hashgraph’s panoply of 39 global
governing council members, confirming their place as the second academic
institution to support the blockchain platform following UCL’s admission last year.
Hedera
Hashgraph is an enterprise-grade distributed ledger technology designed
to support the creation of new and existing web applications in the
decentralized economy.
Members of their governing consortium — comprised of established industry leaders such as Google, IBM, Boeing and Chainlink Labs,
among others — pledge to support Hedera’s ambitions in growing it’s
decentralized open-source ledger network. The members fulfill this duty
by setting up and maintaining nodes on the public blockchain, casting
votes on critical software decisions, as well as increasing publicity
for the platform’s work.
The membership model is propelled by a three-year rotation system to ensure democratic principles are maintained.
Represented
in this venture by their educational philanthropy arm LSE Enterprise —
designed to “enable and facilitate the application of its academic
expertise and intellectual resources” — the institution will focus on
advancing their development in areas of blockchain and DLT.
Having
already established a strong knowledge of these emerging sectors
through their work with regulatory bodies and central banks, this move
will further support their ambitions in transitioning academic research
into real-world application.
In practice, LSE students and faculty
members will be granted opportunities to attend hackathons, thought
leadership seminars and research initiatives to enhance their knowledge
of technologies in the sector.
Cointelegraph reached out to a
senior research associate at LSE, Thamim Ahmed, for a further insight
into the implications of utilizing blockchain for social and
sustainability initiatives. He said:
“The COVID-19
pandemic and the climate crisis demonstrate the need for examining new
models and solutions in how organizations, and businesses operate and
collaborate sustainably in ever uncertain times. Joining Hedera’s
Governance Council among 21 other leading enterprises, will provide
research and innovation opportunities for LSE academics to be at the
forefront of thought leadership in socially impactful new governance
structures for web 3.0 platforms.”
From Hedera’s
perspective, LSE’s inclusion to the governing council will provide
access to a vast network of professionals and industry contacts at the
cutting edge of Web 3.0 advancements.
Related: Hedera Hashgraph — Deep Look Into 10,000 Transactions Per Second Claim
Associate professor of information systems and innovation at LSE, Carsten Sørensen, shared his thoughts on the partnership:
“Joining
the Hedera Governing Council provides a significant step forward in
extending our research collaboration and knowledge sharing of digital
transformation. In doing so, we aim to significantly extend our research
footprint in understanding how DLT and blockchains can play a positive
impact on society in pioneering digital sustainable projects.”
CEO
and co-founder of Hedera Mance Harmon also shared his views, stating,
“As a world renowned, top-ranked academic institution, LSE’s inclusion
on the Hedera Governing Council is a fantastic development for our
community, and the entire decentralized economy."
sourcelink : https://cointelegraph.com/news/top-five-uk-university-joins-hedera-governing-council
