Top-five UK university, the London School of Economics and Political Science has joined Hedera Hashgraph as the second academic institution to embrace the blockchain platform.
Following UCL’s entrance last year, the London School of Economics and Political Science (LSE) has joined Hedera Hashgraph’s panoply of 39 worldwide governing council members, confirming their role
Hedera Hashgraph is an enterprise-grade distributed ledger platform designed to facilitate the building of new and current web apps in the decentralized economy.
Members of Hedera’s governing consortium, which includes Google, IBM, Boeing, and Chainlink Labs, among others, have pledged to support the company’s plans to expand its decentralized open-source ledger network.
Members carry out this responsibility by setting up and maintaining nodes on the public blockchain, voting on crucial software decisions, and promoting the platform’s work.
A three-year rotation structure drives the membership model, ensuring that democratic norms are upheld.
The institution will focus on advancing its development in the areas of blockchain and DLT, represented in this initiative through its educational philanthropy arm LSE Enterprise, which is aimed to “enable and facilitate the application of its academic skills and intellectual resources.”
This move will boost their aspirations to transfer academic research into real-world application, as they have already acquired a deep understanding of these developing areas through their work with regulatory organizations and central banks.
In practice, LSE students and faculty will be able to participate in hackathons, thought leadership seminars, and research efforts to further their understanding of sector innovations.
Thamim Ahmed, a senior research associate at the London School of Economics, was contacted by Cointelegraph for more information on the implications of using blockchain for social and sustainability initiatives. He stated, “
“The COVID-19 pandemic and the climate crisis demonstrate the need for examining new models and solutions in how organizations, and businesses operate and collaborate sustainably in ever uncertain times. Joining Hedera’s Governance Council among 21 other leading enterprises, will provide research and innovation opportunities for LSE academics to be at the forefront of thought leadership in socially impactful new governance structures for web 3.0 platforms.”
LSE’s addition to the governing council, according to Hedera, will enable access to a broad network of professionals and industry contacts at the forefront of Web 3.0 innovations.
Carsten Srensen, associate professor of information systems and innovation at LSE, expressed his opinions on the collaboration:
“Joining the Hedera Governing Council provides a significant step forward in extending our research collaboration and knowledge sharing of digital transformation. In doing so, we aim to significantly extend our research footprint in understanding how DLT and blockchains can play a positive impact on society in pioneering digital sustainable projects.”
“As a world-famous, top-ranked academic institution, LSE’s participation on the Hedera Governing Council is a tremendous step for our community and the whole decentralized economy,” said Mance Harmon, CEO and co-founder of Hedera.
