South Korea's largest bank joins Hedera Governing Council
Shinhan Bank plans to use Hedera’s infrastructure to bolster the efficiency of many of its internal processes. Shinhan Bank, South Korea’s largest financial institution by total assets, has joined the governance council overseeing the Hedera network.In an April 14 announcement, Shinhan announced it had become the latest member of the Hedera Governing Council to expand its efforts in the field of “digital transformation.” Hedera touts its hashgraph as an enterprise-grade blockchain platform capable of processing thousands of transactions per second.Shinhan representatives emphasized growing....
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Apart from participating in the co-governance process of Klaytn, Shinhan Bank will also be involved in the development of Klaytn-based digital services. Shinhan Bank, one of the largest banking institutions in South Korea, has entered into a partnership with Klaytn, a global blockchain platform developed by Kakao subsidiary Ground X.According to a Monday announcement, Shinhan Bank has joined Klaytn’s blockchain governance council, becoming a member of the co-governance of the Klaytn blockchain. As part of the new partnership, Shinhan will be also involved in the development of Klaytn-based....
The bank wants to use its membership to further explore the emerging possibilities opened up by blockchain technology. The Hedera Governing Council has welcomed Singapore’s oldest bank, DBS Bank, as its newest member, making it the first Southeast Asian lender to join the worldwide Hyperledger organization.DBS Bank, a member of the advisory council on fintech, has joined the blockchain council alongside 39 other major technology, corporate and nonprofit leaders, including Google, IBM, Boeing, Deutsche Telekom, the University of London, Dentons and LG Electronics, among others.The Asian....
Standard Bank Group has become the first African node operator on the Hedera network. Standard Bank Group — Africa’s largest bank by assets — has partnered with enterprise-grade distributed ledger technology project Hedera Hashgraph.According to a joint announcement, the African banking giant now joins other major corporations like Google, LG, and IBM as a member of the Hedera Governing Council.Standard Bank will also become a Hedera node operator, the first in Africa with a focus on utilizing DLT to ease bottlenecks in cross-border trade on the continent.Across Africa, innovations in....
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....
Distributed ledger service, Hedera Hashgraph is expected to deploy a panoply of upgrades in 2022 in line with their long-term pursuit of decentralization. The Hedera Governing Council has officially voted to purchase the intellectual property rights to the hashgraph consensus algorithm from founding architect and inaugural member of the council, Swirlds Inc, for an undisclosed fee.A Jan. 19 announcement also details plans to transition their code to an open-source model this year under Apache 2.0 license, in addition to transferring core team members such as CEO Mance Harmon and chief....