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IT Madras Joins Hedera Governing Council To Drive R&D In New Blockchain Use Cases

IT Madras Joins Hedera Governing Council To Drive R&D In New Blockchain Use Cases

  • 16th Sep 2021
  • Business World Education

India's leading technical university, the Indian Institute of Technology Madras (IITM), joins the Hedera Governing Council to expand its research footprint in distributed ledger technology.

Indian Institute of Technology Madras and Hedera Hashgraph, the most used, sustainable, enterprise-grade public network for the decentralised economy, announced the newest member of its Governing Council.

The globally-renowned technology university joins a rotating council of up to 39 global organizations that are from a diverse array of industries and geographies, and each runs an initial network node that enables the decentralized governance model for the Hedera public ledger.

As a newly appointed member of the Hedera Governing Council, IIT Madras will work closely with the Hedera ecosystem to advance its technical education, research, and innovation offerings in distributed ledger technology (DLT). IIT Madras will also 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.

Prof. Rajagopal's group is interested in the securitization of large scale digital data-sets arising from sensor logs, which was the initial catalyst for their interest in blockchain and distributed ledgers.

IIT Madras' appointment to the Hedera Governing Council comes just weeks after the London School of Economics and Political Science (LSE), one of the UK's top universities, announced its membership to the Hedera Governing Council, bolstering the council's role within academia.

Regarded as one of the top universities in the world, IIT has established research expertise in DLT, served as an incubator for India's National Blockchain Project, and most recently, developed 'BlockTrack', a first-of-its-kind blockchain-based secure medical data and information exchange mobile application for use by both medical providers and patients. BlockTrack aims to securely digitize healthcare information systems while protecting sensitive medical records by decentralizing the control and ownership of patient data and is currently being field-tested at IIT Madras Institute Hospital.