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 expertise (DLT). IIT Madras can even use its time period on the Hedera Council to ramp up its R&D efforts within the DLT house, testing use circumstances leveraging key companies, such because the Hedera Consensus Service and the Hedera Token Service.
Talking about this collaboration, stated Prof. Prabhu Rajagopal Division of Mechanical Engineering, IIT Madras, who leads Distant Diagnostics at IIT Madras’ Middle for Nondestructive Analysis (CNDE), stated, “We’ve got recognized huge potential in Hedera Hashgraph, already essentially the most used, and sustainable public ledgers available on the market in the present day, and we sit up for utilising the Hedera Consensus and Token Companies to check probably ground-breaking new use circumstances. IIT Madras is recognised globally for pioneering work in areas similar to renewable power, telecommunications, non-destructive testing, biomedicine, healthcare and knowledge and communication applied sciences (ICT), and its famend tech alumni group.”
Additional, Prof. Prabhu Rajagopal stated, “With this community, we intention to carry substantial worth to the Hedera Governing Council, utilising our experience in sensible and modern technological options to help different council members and organizations in use case growth. I’m notably enthused by the chance to check and scale our options in blockchain backed info methods in healthcare, business and digital media.”
Prof. Rajagopal’s group is within the securitization of huge 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 College 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 a number of other different Indian cities) depend Google CEO Sundar Pichai and former president of the SoftBank Group, Nikesh Arora, amongst its alumni. Vinod Khosla, co-founder of Solar Microsystems and founding father of Khosla Ventures, famous to CBS that, “The IITs in all probability are the toughest college on this planet to get into, to the most effective of my information”.
Considered one of many prime universities on this planet, IIT has established analysis experience in DLT, served as an incubator for India’s National Blockchain Project, and most lately, developed ‘BlockTrack‘, a first-of-its-kind blockchain-based safe medical knowledge and knowledge alternate cell utility to be used by each medical suppliers and sufferers. BlockTrack goals to securely digitize healthcare info methods whereas defending delicate medical data by decentralizing the management and possession of affected person knowledge, and is at the moment being field-tested at IIT Madras Institute Hospital.
“The addition of IITM to the Hedera Governing Council is a major and thrilling growth for the Hedera group and the broader DLT business. All through the historical past of IIT, its alumni and tutorial workers have made substantial contributions to groundbreaking analysis in expertise and innovation. This brings huge worth to the Hedera Council and can undoubtedly information the event of vital use circumstances constructed on the Hedera community. Mixed with the appointment of LSE, and the continuing work being executed by College Faculty London (UCL), this marks one other exceptional step ahead for the connection between academia and the decentralized financial system,” 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 financial 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 Know-how (IIT), LG Electronics, The London College of Economics and Political Science (LSE), Magalu, Nomura Holdings, Shinhan Financial institution, Customary Financial institution Group, Swirlds, Tata Communications, College Faculty London (UCL), Wipro, and Zain Group.
For extra info, go to www.hedera.com, or observe us on Twitter at @hedera, Telegram at t.me/hederahashgraph, or Discord at www.hedera.com/discord. The Hedera whitepaper might be discovered at www.hedera.com/papers.
ABOUT IIT MADRAS
Indian Institute of Know-how Madras (IITM) was established in 1959 by the Authorities of India as an ‘Institute of Nationwide Significance.’ The actions of the Institute in numerous fields of Science and Know-how are carried out in 16 tutorial departments and a number of other superior interdisciplinary analysis tutorial centres. The Institute gives undergraduate and postgraduate programmes resulting in 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 school and 9,500 college students. College students from 18 international locations are enrolled right here. IITM fosters an lively entrepreneurial tradition with robust curricular assist and thru the IITM Incubation Cell.
IITM has been ranked No.1 within the ‘Overall’ Category for the third consecutive 12 months in India Rating 2021 launched by Nationwide Institutional Rating Framework, Ministry of Training, Govt. of India. The Institute has additionally been ranked No.1 within the ‘Engineering Institutions’ category in the identical Rankings for six consecutive years – from 2016 to 2021. It was additionally adjudged because the ‘Prime modern Establishment’ within the nation in Atal Rating of Establishments on Innovation Achievements (ARIIA) in 2019 and 2020. ARIIA Rating was launched by the Innovation Cell of Ministry of Training.
Comply with IIT Madras on Fb: ReachIITM
Comply with IIT Madras on Twitter: @iitmadras
MEDIA CONTACT FOR IIT MADRAS
Sairam Radhakrishnan – IIT Madras Media Cell, Chennai
Cell: 9840108083/ E mail: [email protected]
MEDIA CONTACT FOR HEDERA
Zenobia Godschalk, Hedera – [email protected]
Matt Turner, Wachsman
Cell: +353 87-794-2017 / E mail: [email protected]
SOURCE Hedera Hashgraph