London School of Economics and Political Science (London School of Economics and Political Science) Has officially joined the 39 global management committee members of Hedera Hashgraph, confirming their status as the second academic institution to support the blockchain platform after UCL Admission last year.
Hedera Hashgraph is an enterprise-level distributed ledger technology designed to support the creation of new and existing web applications in a decentralized economy.
Members of its management consortium-composed of mature industry leaders, such as Google, IBM, Boeing and Chain Chain Laboratory, Among them-pledge to support Hedera’s ambition to develop its decentralized open source ledger network. Members perform this duty by establishing and maintaining nodes on the public blockchain, voting on key software decisions, and increasing the promotion of platform work.
The membership model is promoted by a three-year rotation system to ensure that democratic principles are maintained.
Represented in the joint venture by its educational charity LSE Enterprise-aiming to “enable and promote the application of its academic expertise and intellectual resources”-the institution will focus on advancing its development in the field of blockchain and DLT.
Through cooperation with regulators and central banks, they have gained a deep understanding of these emerging fields, and this move will further support their ambitions to transform academic research into real-world applications.
In practice, students and faculty members of the London School of Economics and Political Science will have the opportunity to participate in hackathons, thought leadership seminars and research programs to improve their understanding of the industry’s technology.
Cointelegraph contacted Thamim Ahmed, a senior research assistant at the London School of Economics and Political Science, to further understand the impact of using blockchain for social and sustainable development projects. He says:
“The COVID-19 pandemic and the climate crisis show that there is a need to study how organizations and companies can sustainably operate and collaborate with new models and solutions in times of uncertainty. Joining Hedera’s governance committee with 21 other leading companies will Provide research and innovation opportunities for scholars of the London School of Economics and Political Science, and put them at the forefront of thought leadership in the new governance structure of the network 3.0 platform with social influence.”
From Hedera’s perspective, joining the LSE Management Board will provide access to a vast network of professionals and industry contacts who are on the cutting edge of Web 3.0 progress.
Carsten Sørensen, Associate Professor of Information Systems and Innovation at LSE, shared his views on partnerships:
“Joining the Hedera Management Board is an important step forward in expanding our research collaboration and knowledge sharing in digital transformation. In doing so, our goal is to significantly expand our research footprint to understand DLT and blockchain How to make a positive impact on society in groundbreaking digital sustainability projects.”
The CEO and co-founder of Hedera Mance Harmon also shared his views. He said: “As a world-renowned first-class academic institution, joining the Hedera Management Committee of LSE is a great opportunity for our community and the entire decentralized economy. Amazing development.”