FILE PHOTO: A man stands near an IBM logo at the Mobile World Congress in Barcelona, Spain, February 25, 2019. REUTERS/Sergio Perez
NEW YORK (Reuters) – International Business Machines Corp (IBM.N) and Tata Communications (TATA.NS) have joined the governing council of Hedera Hashgraph, a distributed public ledger platform that aims to be faster and runs at a larger scale than current blockchain technologies, a top official at Hedera said.
Backed by Digital Currency Group and hedge fund BlockTower Capital, Hedera raised $124 million in August last year amid a slumping cryptocurrency market.
While digital currencies took a hit last year following intense global regulatory scrutiny, blockchain developments within companies continued. Cryptocurrencies though made a huge comeback earlier this year, led by bitcoin BTC=BTSP, which has soared more than 200% so far in 2019.
Hedera’s governing council is crucial to its success, Leemon Baird, the company’s co-founder and chief scientist, told Reuters in an interview. Hedera aims to have…