Dubai PR Network, Online Press Release from Dubai and Middle East
 
Mobile Device & Consumer Electronic(Technology)
Filter PR by
  
LG Joins Hedera Governing Council to Accelerate Innovation and Adoption of Public DLT Globally
 
LG Joins Hedera Governing Council to Accelerate Innovation and Adoption of Public DLT Globally

Joining the Steering Committee Allows LG to Go Beyond Blockchain to 

Usher in the Next Era of Fast, Fair and Secure Applications 

 

Dubai, United Arab Emirates, May 31, 2020:    LG Electronics Inc. (LG) and Hedera Hashgraph, an enterprise-grade distributed ledger platform, today announced that LG has joined the Hedera Governing Council. The Council, designed to enable the most decentralized governance model for a public ledger, will comprise up to 39 global organizations from a diverse array of industries and geographies. 

LG  is the Council’s 14th member, joining Boeing, Deutsche Telekom, DLA Piper, FIS (WorldPay), Google, IBM, Magalu, Nomura, Swirlds, Swisscom Blockchain, Tata Communications, University College London (UCL), and Wipro. 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 distributed ledger technology can benefit consumers and supply chain partners by enabling seamless transactions. 

All members of the Hedera Governing Council will run a node on the Hedera Hashgraph public network and are responsible for approving Hedera’s roadmap and updates to the platform’s codebase. 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.” 

“Distributed ledger technology holds the potential to improve customer value and allow enterprises across many sectors to offer new services that take advantage of the trust, security, and speed that it provides,” said Cho Taeg-il, senior vice president of LG Electronics. “We look forward to being a part of the Hedera Governing Council and opportunities where we can collaborate with other leading organizations across a wide range of industries to further develop the application of distributed ledger technology to benefit businesses and consumers alike.”


Posted by : Dubai PR Network Editorial Team
Viewed 4807 times
PR Category : Technology
Posted on : Sunday, May 31, 2020  12:26:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Sony Middle East & Africa Introduces New Digital Camera ZV-1...
Next Story : Sony Middle East and Africa and Gearbox team up to offer ren...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Pandora ME for Every Side of You [4457-Views]
Code 11.59 by Audemars Piguet – New Tones of Elegance [4424-Views]
“CATRICE” Perfect Look for “Back to the Office” [3526-Views]
Your Guide to Choosing the Right Face Mask [3350-Views]
TishTash Eid Al-Adha Gift Guide 2020 [2767-Views]
Get Summer Ready With Magnitone London! [2722-Views]
Newest LG True Wireless Earbuds Self-clean, Sound Great With Meridian Audio [2628-Views]
Newly Launched HONOR 9A Offers Stunning Photography Anytime Anywhere [2595-Views]
Wonder Ingredients For Powerful Skincare [2505-Views]
10 Million Plastic Packaging Saved: Grohe Launches Initiative to Reduce Plastic [2239-Views]
Taste the Summer With Wild & the Moon's Latest Menu Drop! [2177-Views]
Dubai Well Poised for Growth in New Business Entities' [2169-Views]
Smash Summer Fitness Goals with 100 Workout Modes on the HONOR MagicWatch 2 [2128-Views]
Nahdi Medical Company Transforms its Financial Management with Infor [2120-Views]
Tonda 1950 Lune' [2050-Views]
Comprehensive Study of Refugee Children's Academic, Social, and Emotional Learning Outcome... [1988-Views]
The New Season of Master Maserati Programme Gets Underway [1984-Views]
70 Percent of Businesses Increase or Maintain Digital Transformation Spend Amid Pandemic, ... [1972-Views]
Six Ways LG's Puricare Air Purifiers Can Help Families Improve Air Quality at Home [1972-Views]
Alstom at Forefront of Hygiene & Safety Innovation for Transport & Mobility in a COVID-19 ... [1935-Views]
Hitachi ABB Power Grids Commences Operations [1857-Views]
Karl Lagerfeld Announces Collaboration With Designer Kenneth Ize [1845-Views]
Three UAE Students Bag Coveted Princess Diana Award for Outstanding Social Initiative [1837-Views]
Meet the #Sephorasquad Middle East Members! [1816-Views]
Honeywell Launches Innovative Cooling Technology for Electronics, Data Centers [1792-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories