The Hedera team behind HBAR, one of the popular altcoin projects, has made a deal with one of the giant technology brands Dell. The HBAR price jumped after the deal was revealed. Hedera welcomed its new member on the en governing council on February 7, with multinational technology company Dell becoming the 28th member to join the council. The Hedera Governing Council is comprised of up to 39 highly diverse organizations that manage the Hedera network running on proprietary Hashgraph technology. The governing body already includes major companies such as Boeing, IBM, Google, LG, Ubisoft and others. Here are the details…
Dell joins altcoin council
Hedera announced that she will join Dell’s board of directors. This is the latest development; increasing its board of directors to 28 members, including numerous major brands such as Boeing, IBM, Google, LG and Ubisoft. Hedera is a public distributed ledger network rather than a Blockchain. According to Hedera, Dell; He is particularly interested in leveraging DLT in situations such as computing, data trust, contract automation and ESG reporting. John Roese, Dell global chief technology officer, said:
Our customers rely on us to advise them on technologies they think will help them achieve their goals, both in protecting and securing their existing infrastructure, as well as in process optimization, new business models or meeting ESG standards. By gaining hands-on experience with distributed ledger technology, we are able to serve as a rational, holistic voice for customers considering incorporating DLT into their digital transformation.
Dell works for decentralized data
Dell has launched a Linux Foundation (LF) project for decentralized data that includes a Data Confidence Fabric (DCF). This is an LF Edge initiative to establish trust and source data from edge devices. This gives you the chance to know exactly where the data came from. Not surprisingly, most DCFs use Blockchain or distributed ledger, which Hedera can come in handy.
Although participation in Hedera is permissionless, consensus nodes are currently run by members of the governing council, which makes Hedera a semi-permissionless network. The goal is to prevent forking, as has happened with Bitcoin, Ethereum, and other networks in the past. The governing council also decides on strategic directions. Meanwhile, Dell has previously used VMware’s allowed Blockchain to track recycled packaging.
Dell’s involvement in Blockchain and cryptocurrency goes back almost a decade. In 2014, it started working with Coinbase to enable customers to make purchases using Bitcoin as a payment option. However, becoming a member of the Hedera council seems to be the first public move linked to Blockchain technology in quite some time.
HBAR price increased
In response to this latest HBAR news, the price of Hedera (HBAR) rose as high as $0.079. According to cryptokoin.com data, the cryptocurrency is currently changing hands at $ 0.75, with an increase of 8.77 percent. The coin went up to these levels from $ 0.068.
34123
