LG is the latest enterprise to join the governing council of Hedera Hashgraph. The Korean company is the first from the home appliances industry to join the committee. Hedera Hashgraph is on the way of developing public DLT solutions to enable individuals and enterprises a blockchain-based solution. Adding the famous LG company to the team means improving the needed parts with consumers in mind more.
“As the sole home appliance manufacturer to join the Hedera Governing Council, LG will work with Hedera and other members of the Council to identify ways that #DLT can benefit consumers and supply chain partners by enabling seamless transactions,” tweeted Hedera Hashgraph.
A Governing Council Consisting of Major Names
Hedera’s governing council is designed so the project can focus as more as possible on the decentralized nature. As more companies join the board, the governing procedures become more decentralized and reliable.
With the addition of LG, Hedera’s governing council now consists of 39 global organization. The members are from various industries worldwide so that Hedera can show its plan for a comprehensive DLT program.
LG joins some big names from aviation, telecommunications, technology, and educational industries. Boeing, Deutsche Telekom, DLA Piper, FIS (WorldPay), Google, IBM, Magalu, Nomura, Swirlds, Swisscom Blockchain, Tata Communications, University College London (UCL), and Wipro are some of the most famous members of Hedera’s governing council.
Members in the Hedera’s governing council accept some tasks and collaboration activities. They run a node on Hedera Hashgraph blockchain. The members also have to approve the proposed roadmaps for Hedera and the platform codebase updates. After all, “Members ensure the Council’s decentralization and diversity.”
Mance Harmon, CEO and Co-founder of Hedera Hashgraph, said,
“We are thrilled to welcome industry leader LG to the Hedera Governing Council. For many years, LG has been visionary in their approach to adopting new technology in the name of improving the lives of customers and partners worldwide. We look forward to collaborating with LG and their ecosystem to explore the many potential ways that distributed ledger technology can similarly be applied to benefit their customer base.”