Indian university joins Hedera decentralized governance council

Indian university joins Hedera decentralized governance council

The Indian Institute of Technology Madras will test use cases around the Hedera Token Service, a public blockchain for payments. The Indian Institute of Technology Madras (IITM) has become a member of the Hedera Hashgraph’s council for decentralized governance.IIT Madras is one of the top institutes for technical education in India, which falls under the direct jurisdiction of India’s Ministry of Education. As a member of the Hedera Governing Council, IITM has become one of the 39 global organizations that run initial network nodes for governing the Hedera public ledger built on....


Related News

Hedera Hashgraph rallies 150% in a week as its ecosystem expands

New partnerships, NFT integration and a market-wide surge in altcoin prices back HBAR’s recent 150% rally. Real-world adoption and blockchain integration is the ultimate goal of any serious fintech protocol looking to offer workable solutions to some of the biggest challenges in finance and data transmission.Hedera Hashgraph, a public network that uses a distributed ledger technology known as Hashgraph to increase scalability and lower transaction costs. HBAR/USDT 4-hour chart. Source: TradingViewTwo of the main reasons for the recent rise in HBAR include a growing list of ecosystem....

Indians opt for state-run blockchain platform amid bulk SMS regulations

India’s SMS regulation requires businesses to comply with pre-registered messaging templates to counter spam and fraud. India’s state-owned telecom Bharat Sanchar Nigam Limited (BSNL) has registered 7,477 businesses on its blockchain-based communication platform after authorities imposed new regulations to protect consumers from spam and fraud.The Telecom Regulatory Authority of India (TRAI) established messaging regulations that require scrubbing consumer communication messages to ensure that the receiver of the message has opted in for such interactions. The drive is supported by BSNL....

South Korean Shinhan Bank joins Klaytn’s blockchain governance council

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....

Hedera Governing Council to buy hashgraph IP, and open-source projects code

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....

DBS Bank joins Hedera blockchain’s governing council

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....