As a newly appointed member of the Hedera Governing Council, IIT Madras will work carefully with the Hedera ecosystem to advance its technical training, analysis, and innovation choices in distributed ledger know-how (DLT). IIT Madras will even use its time period on the Hedera Council to ramp up its R&D efforts in the DLT area, testing use instances leveraging key companies, such because the Hedera Consensus Service and the Hedera Token Service.
Speaking about this collaboration, stated Prof. Prabhu Rajagopal Department of Mechanical Engineering, IIT Madras, who leads Remote Diagnostics at IIT Madras’ Center for Nondestructive Evaluation (CNDE), stated, “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.”
Further, Prof. Prabhu Rajagopal stated, “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.”
Prof. Rajagopal’s group is in the securitization of enormous scale digital data-sets arising from sensor logs, which was the preliminary catalyst for his or her curiosity in blockchain and distributed ledgers.
IIT Madras’ appointment to the Hedera Governing Council comes simply weeks after the London School of Economics and Political Science (LSE), one of many UK’s prime universities, introduced its membership to the Hedera Governing Council, bolstering the council’s function inside academia.
Established in 1956, IITs (at Madras and several other different Indian cities) rely Google CEO Sundar Pichai and former president of the ComfortableBank Group, Nikesh Arora, amongst its alumni. Vinod Khosla, co-founder of Sun Microsystems and founding father of Khosla Ventures, famous to CBS that, “The IITs probably are the hardest school in the world to get into, to the best of my knowledge”.
Regarded as one of many prime universities in the world, IIT has established analysis experience in DLT, served as an incubator for India’s National Blockchain Project, and most not too long ago, developed ‘BlockTrack‘, a first-of-its-kind blockchain-based safe medical information and knowledge trade cellular utility to be used by each medical suppliers and sufferers. BlockTrack goals to securely digitize healthcare info techniques whereas defending delicate medical data by decentralizing the management and possession of affected person information, and is at present being field-tested at IIT Madras Institute Hospital.
“The addition of IITM to the Hedera Governing Council is a significant and exciting development for the Hedera community and the wider DLT industry. Throughout the history of IIT, its alumni and academic staff have made substantial contributions to groundbreaking research in technology and innovation. This brings enormous value to the Hedera Council and will undoubtedly guide the development of critical use cases built on the Hedera network. Combined with the appointment of LSE, and the ongoing work being done by University College London (UCL), this marks another remarkable step forward for the relationship between academia and the decentralized economy,” stated Mance Harmon, CEO and Co-founder of Hedera Hashgraph.
ABOUT HEDERA HASHGRAPH
Hedera Hashgraph is essentially the most used, sustainable, enterprise-grade public community for the decentralized economic system. The platform is ruled by a council of the world’s main organizations, together with Avery Dennison, Boeing, Chainlink Labs, Dentons, Deutsche Telekom, DLA Piper, EDF (Électricité de France), eftpos, FIS (WorldPay), Google, IBM, the Indian Institutes of Technology (IIT), LG Electronics, The London School of Economics and Political Science (LSE), Magalu, Nomura Holdings, Shinhan Bank, Standard Bank Group, Swirlds, Tata Communications, University College London (UCL), Wipro, and Zain Group.
For extra info, go to www.hedera.com, or comply with us on Twitter at @hedera, Telegram at t.me/hederahashgraph, or Discord at www.hedera.com/discord. The Hedera whitepaper will be discovered at www.hedera.com/papers.
ABOUT IIT MADRAS
Indian Institute of Technology Madras (IITM) was established in 1959 by the Government of India as an ‘Institute of National Importance.’ The actions of the Institute in numerous fields of Science and Technology are carried out in 16 educational departments and several other superior interdisciplinary analysis educational centres. The Institute provides undergraduate and postgraduate programmes main to B.Tech., M.Sc., M.B.A., M.Tech., M.S., and Ph.D., levels in a wide range of specialisations. IITM is a residential institute with greater than 600 college and 9,500 college students. Students from 18 international locations are enrolled right here. IITM fosters an energetic entrepreneurial tradition with robust curricular help and thru the IITM Incubation Cell.
IITM has been ranked No.1 in the ‘Overall’ Category for the third consecutive yr in India Ranking 2021 launched by National Institutional Ranking Framework, Ministry of Education, Govt. of India. The Institute has additionally been ranked No.1 in the ‘Engineering Institutions’ category in the identical Rankings for six consecutive years – from 2016 to 2021. It was additionally adjudged because the ‘Top revolutionary Institution’ in the nation in Atal Ranking of Institutions on Innovation Achievements (ARIIA) in 2019 and 2020. ARIIA Ranking was launched by the Innovation Cell of Ministry of Education.
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MEDIA CONTACT FOR IIT MADRAS
Sairam Radhakrishnan – IIT Madras Media Cell, Chennai
Cell: 9840108083/ Email: [email protected]
MEDIA CONTACT FOR HEDERA
Zenobia Godschalk, Hedera – [email protected]
Matt Turner, Wachsman
Cell: +353 87-794-2017 / Email: [email protected]
SOURCE Hedera Hashgraph