Wipro Officially Joins Hedera Governing Council To Provide Decentralized Governance Model For Blockchain

Blockchain, News | March 20, 2020 By:

Indian IT solutions company Wipro Limited has joined the Hedera Hashgraph‘s Governing Council, committing to stewarding the development of the Hedera network.

Wipro is a global information technology, consulting and business process services company. Its services encompass a number of areas, including software architecture, business intelligence systems, e-commerce, data warehousing, Internet access devices, network management, system administration, messaging systems, IT consulting and design. It is committed to creating strong blockchain communities while developing talent for building extensive technology expertise across multiple leading blockchain platforms, such as Hyperledger Fabric, Etherum, Quorum, Corda, Mutichain, Hyperledger Indy and Hyperledger Sawtooth.

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.

The Hedera Governing Council, designed to be the most decentralized governance model for a public ledger, will include 39 enterprises from a diverse array of industries and geographies, including Google, IBM, Tata Communications and Nomura Holdings, among others. Council members are responsible for approving updates to the Hedera platform codebase and setting policies for the nodes in Hedera’s decentralized network. Members serve a maximum of two consecutive three-year terms, ensuring the Council’s decentralization and diversity.

Mance Harmon, CEO and Co-founder of Hedera Hashgraph, said that thr Hedera Governing Council delivers a governance model that is designed for ongoing decentralization and “is considered best in class for DLT governance – a status strengthened by the addition of Wipro to the council.”

“Wipro joining the Hedera Governing Council highlights our global commitment for developers, and a rapidly emerging need for blockchain innovation,” said Harmon. “With a global presence, Wipro is a prime example of a leading multinational entity making the right move in the future and adoption of DLT. Joining the Hedera Governing Council, alongside other top enterprises, is a strong signal of their intent to be at the forefront of distributed ledger technology as Hedera grows in the months and years ahead.”