Blockchain’s Hedera Hashgraph Adds BlockTower Capital Co-founder Ari Paul As Advisorbr>
Hedera Hashgraph, a public distributed ledger platform, has announced the appointment of Ari Paul as advisor.
Hedera Hashgraph is an enterprise-grade public ledger designed to have highly diversified governance and the most distributed consensus at scale. It enables organizations to build enterprise-grade applications that address issues such as latency on cryptocurrency transactions, confidence and efficiency in the verification of smart contracts, and secure and transparent storage of files. In 2018, Hedera raised $124 million, all held in fiat, to further the development and launch of the platform.
Paul is the CIO and co-founder of BlockTower Capital, an investment firm that takes long and short positions across a variety of cryptocurrencies. He was previously a portfolio manager for the University of Chicago’s $8 billion endowment, and a derivatives market maker and proprietary trader for Susquehanna International Group (SIG). He earned a BA in political science from the University of Pennsylvania, and an MBA from the University of Chicago.
Mance Harmon, CEO of Hedera, said that Paul’s knowledge and expertise in the field of distributed ledger technologies, and his advocacy for the space, will be invaluable to Hedera as they continue the important work towards creating the industry’s first enterprise-grade distributed ledger technology.
“We are delighted to welcome Ari Paul, a luminary investor and thought leader, to our advisory board,” Harmon said.
Paul said that the Hedera Hashgraph platform is pushing the performance and security boundaries of distributed ledger technology, marking this an exciting moment to join as an advisor.
“Dr. Leemon Baird and Mance Harmon have built a remarkable team and developed a technology which represents a fundamental paradigm shift for the DLT space,” Paul said. “I look forward to working with Hedera through the next phase of their development.”