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LG Joins Hedera Hashgraph Council South Korean Electronics Giant
On Wednesday LG, the Electronics firm LG, became a 14th member of Hedera Hashgraph's Board of Governors.
It also brings Hedera to the long term goal of its council: tap 39 hand-held node runners to control Hashgraph, its public business leader. Hashgraph is an alternative to Google , IBM, Boeing and University College London, buy-in platforms.
LG is the first such company to join, and is the second in Asia after the Japan-based Nomura. The company is based on South Korean home appliance.
Hedera's telecom heavy and Asia light councillors are freshly viewed in these attributes, Mance Harmon CEO Hedera stated.
He said the members of the limited liability company "vote almost all parts of the company."
We want to ensure that this is done well, not only throughout the vertical but also geography, so that we have a really large representation, Harmon said. Such as we hadn't before, LG bring the Council diversity and further decentralization. This is part of the thrill here.
LG did not reply by press time to a request for comment.
R3 Corda has been tested for financial transactions by the electronics manufacturer in 2017. LG also took part in a cobalt pilot through Hyperledger Fabric for 2019.
Harmon claims that Hashgraph beta may handle 10,000 transactions per second – "way faster" than Ethereum and Bitcoin-based public leadgers. It users pay via tokens for network services following the proof-of - stake model.
