Technology Giant Dell Announcing To Join Governing Council Of Network Hedera

Key Points:

• Technology behemoth Dell will join companies like Google, FIS, and Abrdn on the executive committee of business network Hedera.
• A consensus node, which is used to decide transaction ordering, will be operated by Dell.

Dell will join Google, FIS, and Abrdn on the board of directors of the corporate network Hedera, a distributed ledger system that leverages a hashgraph consensus method.

Dell will run a consensus node as part of the governing council, which will determine transaction sequencing. Members of the governing council are also in charge of network software.

The node was actually part of the learning exercise we’re going through. We’re doing this to understand policy implications, processes. What does it take to be a part of a permissioned public ledger and then, for our IT, how do we actually operationalize this? I can go into all the glorious details, but it takes a lot.

Frattura senior director of technology strategy at Dell said.

Dell also aims to use the Hedera network within applications, but this is still in the works.

As far as any use case, I think it’s a little premature, as we get our steam rolling, maybe later this year we’ll see some more, but right now, let’s just get on the council.

According to Frattura, Hedera approached Dell since the solution was intended for a wide range of use cases and has a strong community of industry giants behind it.

Now you’re seeing a whole industry started to grow, lots of investment, and for us, it becomes more and more serious for us to pay attention and focus on this.

University College London researchers discovered Hedera to be the most sustainable proof-of-stake network when compared to others such as Algorand, Cardano, Ethereum, Tezos, and Polkadot. The emphasis on ESG appeals to companies like Dell, which are interested in exploring how technology might be used to assist enterprises to fulfill environmental and social goals.

Other industry giants are leveraging Hedera’s network as well, including IBM, which employs Hyperledger Fabric in its solutions, and digital workflow company ServiceNow, which is integrating Hedera into its Now platform.

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