University College London (UCL) has joined the governing council for enterprise-course distributed ledger platform Hedera Hashgraph.

Paolo Tasca — former cryptocurrency lead economist at Germany's central bank, Deutsche Bundesbank, and founder of UCL's 's Centre for Blockchain Technologies — confirmed that the university is the start bookish institution to bring together the quango.

In an interview with Cointelegraph on May half-dozen, Tasca said that joining the council was consequent with the university's experimental and practical approach to inquiry, manifested through a range of industry engagement programs.

Hedera Hashgraph's Governing Council follows a decentralized governance model that aims to bring up to 39 international organizations together from diverse industries. Existing members include Boeing, Deutsche Telekom, Google, IBM and Swisscom Blockchain, among others.

Each member of the council runs a node on the Hedera Hashgraph public network and is responsible for approving updates to the Hedera platform codebase.

The platform, which keeps its source lawmaking open for review, uses a hashgraph-based consensus algorithm to let for multiple branches of blocks, as opposed to a single chain.

UCL'southward plans for its work on Hedera

Tasca told Cointelegraph that UCL will describe on its wide Research and Industry Associate network — a community of over 180 assembly— for its input to the diverse working groups within the Hedera Governing Council.

These span ongoing key depository financial institution digital currency (CBDC) work with multiple central banks, which has relevance for the council'south new Tokenomics working group.

UCL will as well contribute its blockchain antitrust expertise to the council'due south Legal and Regulatory working group.

In addition to its governance duties and working group contributions, Tasca said the university intends to utilise its partnership with Hedera to appoint in inquiry on the hashgraph consensus machinery.

To foster adoption of the Hedera blockchain, it will appoint its researchers on projects that utilize hashgraph, as it has previously done in its Call for Proposals initiatives. Students and industry partners will also be invited to take part in hackathons, such as the middle'southward Cake-Sprint.

The center'southward work

As previously reported, UCL's Centre for Blockchain Technologies has recently partnered with the European Commission and the International Association for Trusted Blockchain Applications to coordinate blockchain solution providers in tackling the COVID-19 pandemic.

Every bit Tasca outlined, beyond its manufacture engagement initiatives, the center is focused on educational activity projects and research into the technological,  business and economic science, and legal and regulatory aspects of distributed ledger systems.