Copy link
Increase text size
Decrease text size
Link copied

Google Cloud Platform joins Hedera’s blockchain governing council

Photo by Paweł Czerwiński on Unsplash

Wed, 12 Feb 2020, 04:44 am UTC

Google Cloud Platform (GCP) is the latest to join the governing council of Hedera Hashgraph, a distributed ledger (DLT) platform for enterprises.

Hedera has developed a DLT based on the hashgraph consensus algorithm in order to deliver fast and inexpensive transactions with finality – a challenge that has been slowing the rate of DLT adoption by large enterprises.

Hedera Hashgraph’s blockchain mainnet went live in September 2019, allowing anyone to create accounts and any developer to build decentralized applications (dapps) on the platform. At the time of launch, 26 dapps and solutions were running live on the platform, including AdProv, AdsDax, All Binsignia, Carbon, Certara, Chainlink, hbarprice.com, HEX, MyHbarWallet, Otrafy, Rejolut, and others.

Hedera Hashgraph Council

The Hedera Hashgraph Council will govern changes to the software run by millions of Hedera distributed nodes over time. It will bring stability and guaranteed continued decentralization to the Hedera Hashgraph distributed public ledger. The council will consist of up to 39 multinational entities from different industries.

Current members include Boeing, FIS, Nomura, Swirlds, Deutsche Telekom, DLA Piper, Magazine Luiza, Nomura Holdings, Swisscom Blockchain AG, IBM, and Tata Communications.

Hedera expands relationship with Google Cloud

GCP said that Hedera has been leveraging the GCP premium network tier, a highly provisioned, low-latency global fiber optic network, to ensure the stability and reliability of its network since the inception of its DLT.

“We initially turned to Google Cloud for its ease of use, networking advantages and overall platform performance,” said Atul Mahamuni, SVP of Products for Hedera. “The Google Cloud Platform was the perfect foundation to help us achieve our goals to bring enterprise-ready DLT adoption at scale.”

Hedera has now selected Google Cloud as a preferred cloud provider for its public testnets and Hedera Consensus Service ecosystem. It stands to benefit from GCP’s extensive geographical coverage which would allow the growing global Hedera developer community to ensure both access and performance of their applications wherever they are.

“As we continue to evolve our infrastructure, we’re excited to expand our work with Google Cloud to now make DLT even more readily available for our community members, no matter their size or industry,” said Mahamuni. “This is about developing solutions that drive real business value.”

GCP has become a member of the Hedera Governing Council and will operate a Hedera network node. According to the announcement, it will make the ledger data available for analytics alongside GCP's other public DLT datasets, bolstering its position as the cloud provider of choice for DLT networks and decentralized applications.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,802.39 (-1.87%)
  • Ethereum (ETH) $249.84 (-7.73%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $388.89 (-13.21%)
  • Bitcoin SV (BSV) $271.79 (-13.78%)
  • Bitcoin (BTC) $9,802.39 (-1.87%)
Feb 17, 2020 (Monday)
06:53
Chinese forex regulator SAFE’s blockchain cross-border financing pilot continues expansion
05:14
Blockchain social media platform Steemit to migrate to TRON network
Feb 14, 2020 (Friday)
13:11
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:11
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:24
Israel’s stock exchange partners with Edinburgh-based startup for its Blockchain Securities Lending platform
11:48
Blockchain insurance startup B3i completes 30 reinsurance contracts on its platform
11:47
Crypto Technicals: TRON (TRX) confirms 'Golden Cross' on the daily charts, eyes 61.8% Fib at 0.0297
11:04
Crypto investment firm Galaxy Digital lays off 15% of its workforce
10:18
Circle now seeks to sell off crowdfunding unit SeedInvest: Report
09:47
SBI Crypto enters into blockchain cooperation partnership with Northern Data
09:25
Wells Fargo invests $5M in crypto monitoring firm Elliptic
09:01
Crypto Technicals: XRP/USD pauses at 0.34 handle, consolidation likely before next leg higher
07:37
Election Commission of India looks to blockchain to tackle lost votes
06:26
Crypto Technicals: 'Spinning Top' dents upside in ETH/USD, technical bias remains bullish
06:20
Crypto lending startup BlockFi secures $30M in Series B financing
05:20
Crypto Technicals: BTC/USD holds above 10,000 mark, trades rangebound at 5-DMA support
04:53
IOTA Foundation investigates fund theft in Trinity wallet
Feb 13, 2020 (Thursday)
12:20
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:19
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:19
U.S. Treasury Department’s FinCEN working on new crypto regulations
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft