Hedera Hashgraph welcomes The London School of Economics and Political Science (LSE) as the newest member of its Council, becoming the second member from the higher education sector after London peer UCL.

Hedera Hashgraph is the most popular, sustainable, enterprise-grade public network for the decentralized economy. Lead by a council of some of the world’s most prominent organizations such as Google, LG Electronics, Deutsche Telekom, and many others, the Hedera Council is the most decentralized governance model for a public ledger.

This strategic step allows LSE to provide opportunities for students and faculty such as hackathons, thought leadership, and research opportunities, ultimately advancing the university’s research and commercial outreach in Blockchain and Distributed Ledger Technologies (DLTs).

“Upholding our responsibilities for pioneering academic research, we quickly recognized the enormous opportunities public and private blockchain can play in future digital transformation. 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,” said Dr. Carsten Sorensen, Associate Professor (Reader) in digital innovation, Department of Management.

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Hedera also gains access to a broad network of academics and industry partners, while acquiring critical expertise in areas such as Treasury and Coin Economics Committee (CoinCom) through the collaboration with the team leading the LSE Blockchain and the DLT Center.

The leading group of the LSE Blockchain / DLT initiatives has elaborate experience in collaborations with external parties of connected industries. Thamim Ahmed, Senior Research Associate, LSE, said – “Impacts of covid-19 and climate change are demanding new intellectual models of how we work, live and play together in a metaphysical world. The underlying features of a blockchain, act as a coordination technology, which can create efficient marketplaces, from typically illiquid environments that are not naturally connected or trustworthy. Thus, blockchains will give rise to emerging business models and opportunities, as shared ledgers will change organizational and institutional structures of an economy.”

“As a world-renowned, top-ranked academic institution, LSE’s inclusion on the Hedera Governing Council is a fantastic development for our community and the entire decentralized economy. LSE’s motto is the ‘betterment of society,’ and this ethos will transcend to aiding a greater understanding of future digital transformation, aided by public distributed ledgers. The team at the LSE has built up an outstanding reputation in advancing the research sharing capabilities of the industry, which we recognize as a significantly important addition to the Hedera Governing Council,” said Mance Harmon, CEO and Co-founder of Hedera.