University College London Joins Hedera Hashgraph as Council Member, Research Partner

UCL will be the first university and 13th member of the Hedera Hashgraph governing council, whose members run nodes and vote on software updates.

AccessTimeIconMay 6, 2020 at 1:00 p.m. UTC
Updated Sep 14, 2021 at 8:37 a.m. UTC

Hedera Hashgraph, the company behind the blockchain-like Hedera network, is adding one of the world’s top universities to its governing council.

Hedera announced Wednesday the University College London (UCL) is joining the council to run a node on the hashgraph, offer the Hedera Consensus Service to students and faculty and participate in forthcoming sub-committees that Hedera plans to create. UCL is also undertaking blockchain and governance research with Hedera.  

“They’re very forward-thinking in the DLT space,” Hedera CEO Mance Harmon said of UCL.

The public research university is the third-largest university in the United Kingdom by total enrollment. It will be the first university and 13th member to join Hedera’s governing council.

Until now, the governing body has been made up primarily of blue-chip companies including IBM, Boeing, Deutsche Telekom, Tata, Nomura and bank-tech vendor FIS. 

Earlier this month, UCL and the European Commission entered into a partnership with the International Association for Trusted Blockchain Applications (INATBA) to coordinate blockchain providers responding to the COVID-19 health crisis in Europe. 

Separately, software development firm Acoer is already using the hashgraph to create a digital timestamp service for a COVID-19 database it is developing in coordination with the U.S. Centers for Disease Control and the World Health Organization, Harmon said. 

Paolo Tasca, executive director of the UCL Centre for Blockchain Technologies, said the school was attracted to Hedera Hashgraph after seeing its asynchronous byzantine fault tolerance, which has a lighter carbon footprint than other consensus mechanisms.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Investing in the Future of the Digital Economy
October 18-19 | Spring Studio, NYC