University College London Joins Hedera Governing Council

University College London Joins Hedera Governing Council

Hedera Hashgraph (HBAR) have announced that University College London (UCL) are the latest organisation to join the platform’s Governing Council¬†and the first university to become part of the board overseeing software changes to the public network.

UCL will join existing members on the Hedera Governing Council – such as Boeing, Deutsche Telekom, FIS (WorldPay), Google, IBM, and Nomura – and run a node on the network and guarantee the integrity of the codebase.

Task Force Member

The UCL is one of the largest universities in the UK by total student enrolment and has an annual budget of around £1.4 billion. As one of the highest ranked universities in the world, UCL currently lectures to over 42,000 students from 150 different countries.

UCL hosts a number of notable educational faculties and they have emerged as one of academia’s front runners in the area of blockchain and distributed ledger technologies (DLT).

In April, the European Commission turned to UCL and the International Association of Blockchain Applications (INABTA) to lead a COVID-19 Solutions Task Force that will “…identify and catalogue blockchain related solutions that can assist with the governmental, social and commercial challenges caused by the Coronavirus outbreak.”

According to Mance Harmon, CEO and co-founder of Hedera Hashgraph, UCL can help Hedera expand their reach into the educational sector and suggests “The launch of the COVID-19 Task Force by UCL demonstrates how governments, society, businesses, charities, and medical research centres can utilise the full benefits of DLT in overcoming unprecedented challenges.”

Paolo Tasca, Executive Director at UCL Centre for Blockchain Technologies (UCL CBT) said “We are proud to be joining the Hedera Governing Council to steward the next generation of DLT. The UCL CBT is ready to embrace this open, decentralised governance model and Hedera’s innovative technological solutions to real world problems.”