The Hedera Hashgraph Governing Council recently added International Business Machines Corp (IBM), and Tata Communications. The Hedera governing council is a distributed open ledger platform that intends to be faster and keeps running at a bigger scale than current blockchain technologies.
Cryptocurrencies made an immense comeback driven by bitcoin, which has taken off over 200 percent so far in 2019. Supported by Hedge Fund Block Tower Capital and Digital Currency Group, Hedera brought 124 million dollars in August last year amidst the sliding cryptocurrency market.
The Council will include 39 worldwide entities from different businesses and as per the organization; it is intended to “ensure decentralized and responsible governance for a next-generation Distributed Ledger Technology (DLT) platform.” Each member is entitled to serve a limit of two back to back three-year terms, and they are in charge of eliminating the danger of forks and ensuring the trustworthiness of the codebase.