New Governance Council for Blockchain DLT-Rival Hedera Hashgraph Attracts Some Big Time Names

Some of the largest global companies worldwide are grouping together to establish a governance council for the public distributed ledger, called Hedera Hashgraph. A few of the companies joining the group include Nomura Holdings, DLA Piper, Deutche Telekom, Magazine Luiza, and Swisscom Blockchain AG. Mance Harmon, Hedera's CEO, recently stated that the group is intentionally comprised of "world-class" brands from different industries and geographies to guarantee "continued decentralization." The group's governance council will oversee varies issues, such as software changes that are managed by the platform's millions of distributed nodes. The distributed ledger is valued at around $100 million and it runs on a proof of stake model. It seems that the ledger is gaining in popularity as well, as many companies are adopting it due its secure and enterprise-ready system. The platform may be able to provide companies with a transaction network maybe better than Ethereum's low throughput chain