The international giant LG Electronics has joined the Governing Council of Hedera. The company's internal body is prepared to deal with and oversee the governance of the distributed ledger technology (DLT) platform Hedera Hashgraph.
As what ad Hedera Hashgraph team, “joining the Steering Committee allows LG to go beyond blockchain to usher in the next era of fast, fair and secure apps.” In the process, LG Electronics will embark on a mission to identify different ways to apply distributed ledger technology. The Hedera platform could be beneficial to consumers and supply chain partners. Using along with their time and consumer proven knowledge and experience in home appliances.
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Hedera Hashgraph in pursuit of decentralized governance
“Distributed ledger technology has the potential to improve customer value. And enable companies across many industries to offer new services that take advantage of the trust, security and speed it provides.” Said Cho Taeg-il, senior vice president of LG Electronics. .
We look forward to being part of the Hedera Governing Council and taking advantage of opportunities where we can collaborate with other organizations. Leaders in a wide range of industries to further develop the application of distributed ledger technology to benefit businesses and consumers alike.
At this point, Hedera's Governing Council consists of 14 members: Boeing, Deutsche Telekom, DLA Piper, FIS (WorldPay), Google, IBM, Magalu, Nomura, Swirlds, Swisscom Blockchain, Tata Communications, University College London (UCL) and Wipro
The number of companies included in the company is expected to be even higher in the near future, expanding to 39. More global organizations will be included, each an example and a cornerstone of their business environment. Everyone will have to buckle up for a particular branch on Hedera Hashgraph's public network. And be responsible for supporting the company's roadmap and platform code base updates.
