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Tarulika Jain
Mar 19, 2020
by Tarulika Jain

Hedera Hashgraph Council Includes Indian Company Wipro

Hedera
After Tata Communications, Wipro has become the second Indian Company to affiliate with the governing Council of Hedera Hashgraph, which deploys the distributed ledger for designing decentralised applications.

Wipro, The Second Indian Company To Join Hedera Hashgraph

The Council has the potential for accelerating the adoption of blockchain technology as it involves the reputed members from the global industry like Google, IBM, Nomura, Boeing and IFS along with the latest involvement of Tata Communications and Wipro.

Hedera works similarly as the blockchain technology, but it works much faster and is more secure than blockchain technology. Also, it can process more transactions per second and hence proved as the upgraded choice for the companies seeking to design new applications.

Council Aims To Regulate Distributed Ledger Technology

The Hedera Hashgraph Council aims to advance the designing experience of the applications by governing the updation of software along with approving the codebase of Hedra platform and making favourable policies in the decentralised network.

Mance Harmon, CEO and co-founder of Hedera Hashgraph acknowledged the fact that for the fair network, a regulatory model for the governance of distributed ledger technology is mandatory. He clarified that Hedera aims to provide a transparent and regulated platform to the enterprises and developers.

Leaders Compete For Faster Networks

The cryptocurrency, Bitcoin, which is based on a first-generation public ledger and Ethereum, which is based on the second generation, works on the blockchain technology. As the Hedera evolves to provide the safer network, the adoption of the BTC and ETH may also gain the traction because Hedera can process 10,000 transactions per second with the transaction confirmation time of 3-5 seconds.

Along with Hyperledger of IBM and Corda Harmon of R3, Hedera competes to become the fastest-distributed ledger. The fact can be noted that no matter which company beats the other too, ultimately the adoption of blockchain technology will be increased in the industry.

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    Tarulika Jain
    Tarulika is an engineering graduate and an eloquent crypto blogger. Being a digital economy supporter, she keeps herself updated with the latest innovation in the crypto industry, Blockchain Technology, Internet of Things and other technologies. Currently, she curates the simple and interesting content for Crypto guides for beginners. If you want to learn more about the cryptocurrencies, latest trends of blockchain-powered AI applications, you are free to follow her on LinkedIn and Twitter.

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