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Hedera Hashgraph names Deutsche Telekom and others to its blockchain alternative governing council

Author: Dean Takahashi / Source: VentureBeat

Hedera Hashgraph has found governing council supporters for its secure and fast blockchain alternative.
Above: Hedera Hashgraph has found governing council supporters for its secure and fast blockchain alternative.

Hedera Hashgraph has revealed the first external governing council members for its secure and fast blockchain alternative: Deutsche Telekom, DLA Piper, Magazine Luiza, Nomura Holdings, and Swisscom Blockchain.

These big companies are showing confidence in Hedera Hashgraph‘s blockchain alternative for the enterprise, which started application testing in December.

Hedera has created the Hedera Wallet, sample applications, and a micropayments Chrome extension for consumers to test using hbars. Hedera’s vision is to create a more trusted, secure, and empowered digital future for everyone. Developers will enable this world by building trusted applications that allow people to play games together, work together, and buy and sell goods and services safely and securely — without entrusting their data and privacy to a central organization.

A council for long-term stability

Any blockchain infrastructure needs trust in order to sustain itself over time. The goal behind the Hedera Governing Council is to create a diverse and trusted set of members who can govern any changes to the Hedera software run by millions of distributed nodes over time.

The governing council is supposed to bring stability and guaranteed continued decentralization to the Hedera Hashgraph distributed public ledger.

The organization also announced a livestream of its first annual summit, which will be held on February 20 in Seoul, South Korea. Hedera wants to help create a safer, fairer, more secure internet — one in which online communities can collectively create and evolve shared worlds in cyberspace and on which developers can build trusted applications that enable safe collaboration and commerce, without entrusting a central organization with personal data.

To realize this vision, Hedera has focused on addressing four fundamental roadblocks to the adoption of public…

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