The London School of Economics and Political Science (LSE) officially became the second educational institution to support the Blockchain platform after joining University College London last year, with 39 members on Hedera Hashgraph’s global board of directors.
Hedera Hashgraph is an enterprise-grade distributed rate technology designed to support the development of web applications for a decentralized economy.
Members of its governing federation, which includes established business leaders such as Google, IBM, and Boeing ChainLing LabsAmong other things, it promises to support Hedera’s ambitions to grow a decentralized open source network. Members fulfill this role by building and maintaining nodes in the blockchain, voting on important software decisions, and raising awareness on the platform.
Hedera’s college model is built on a three – year rotating system to ensure that democratic principles are maintained.
In this endeavor its educational charity LSE Enterprise – designed to “facilitate the use of its educational experience and intellectual resources” – will advance the development of its blockchain technology areas.
This new move will further deepen the company’s ambitions to transition from mere academic research to real-world use, as it has already established a solid understanding of emerging sectors through its work with regulators and central banks.
In practice, LSE students and faculty members will have the opportunity to participate in hackathon, innovation leadership seminars and research initiatives to improve their knowledge of the technology.
For more information on the impact of the use of blockchain technology on university sustainability and community initiatives, Cointelegraph contacted Tamim Ahmed, LSE Senior Research Partner. he said:
In times of uncertainty, COVID-19 and the climate crisis demonstrate the need to explore new models and solutions for sustainable functioning and collaboration of organizations and institutions. Joining Hedera’s management team with 21 other leading companies will provide LSE scholars with research and innovation opportunities to be at the forefront of innovation leadership and new social impact management structures for Web 3.0 sites.
From Hedera’s point of view, the inclusion of LSE on the board will allow access to a wider network of leading Web 3.0 professionals and contacts.
Carsten Sorensen, Associate Professor of Information Systems and Innovation at LSE, shared his thoughts on partnership:
“Joining Hedera’s Board of Directors marks a significant step in expanding our research collaboration and knowledge sharing in digital transformation. In doing so, we would like to significantly extend our research to understand how DLT and blockchain technologies can positively impact society as a pioneer in sustainable digital design.”
Mans Hormone, CEO and co-founder of Hedera Hashgraf, also shared his views: “As a world-renowned educational institution, the inclusion of LSE on the Hezera Board of Directors is a wonderful event not only for our community but for the economy as a whole.”
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