IITM (Indian Institute of Technology Madras) has recently joined the most utilized and enterprise-grade public network, Hedera Hashgraph, to stretch its research arms in blockchain and distributed ledger technology. The well-recognized university has joined a rotating council of 39 global organizations that are from a varied arrangement of industries and geographies.
As revealed, each of the organizations runs an initial network node that enables the decentralized governance model for the Hedera public ledger.
IITM is a newly appointed member of the Hedera Governing Council, and it is going to operate closely with the Hedera ecosystem to advance its technical education, research, and innovation offerings in DLT (Distributed Ledger Technology).
In addition to this, IIT Madras is going to use its term on the Hedera Council to ramp up its R&D efforts in the DLT space, testing use cases leveraging key services, such as the Hedera Consensus Service and the Hedera Token Service.
The Remote Diagnostics team lead at IIT Madras Center, Prof. Prabhu Rajagopal of Department of Mechanical Engineering, for Nondestructive Evaluation said:
"We have identified enormous potential in Hedera Hashgraph, already the most used, and sustainable public ledgers on the market today, and we look forward to utilising the Hedera Consensus and Token Services to study potentially ground-breaking new use cases. IIT Madras is recognised globally for pioneering work in areas such as renewable energy, telecommunications, non-destructive testing, biomedicine, healthcare and information and communication technologies (ICT), and its renowned tech alumni community."
Along with this, Rajagopal laid an emphasis on the utilization of expertise and experience in providing assistance to other council members and said:
"With this network, we aim to bring substantial value to the Hedera Governing Council, utilising our expertise in practical and innovative technological solutions to assist other council members and organizations in use case development. I am particularly enthused by the opportunity to test and scale our solutions in blockchain-backed information systems in healthcare, industry and digital media."
The recent announcement by IIT Madras has come just weeks after the London School of Economics and Political Science's announcement regarding its membership to the Hedera Governing Council, strengthening the role of the council within academia.