LSE joins ranks of Google, IBM and Boeing to advance blockchain research

As the newest recruit of the Hedera Governing Council, London School of Economics will work alongside tech industry heavyweights to boost the research and application of blockchain technology

Yesterday (19 August), London School of Economics and Political Science (LSE) was confirmed as the latest member of the Hedera Governing Council – the sustainable, enterprise-grade public network for the decentralised economy.

As a member of the board, the university will work to progress its research and commercial outreach in the field of blockchain and Distributed Ledger Technologies (DLT). The purpose of the Council itself is to function as the most decentralised governance model for a public ledger, encompassing up to 39 global organisations from a range of industries and geographies.

LSE has committed to provide opportunities for students and faculty surrounding hackathons, thought leadership, and research to progress knowledge and understanding of DLT. The institution is the council’s second representative of the higher education sector, following the recruitment of University College London (UCL) in May 2020.

On joining the Council, Dr Carsten Sørensen, associate professor (reader) in digital innovation at LSE, commented: “Upholding our responsibilities for pioneering research, we quickly recognised the enormous opportunities public and private blockchain can play in future digital transformation. Joining the Hedera Governing Council provides a significant step forward in extending our research collaboration and knowledge sharing of digital transformation. In doing so, we aim to significantly extend our research footprint in understanding how DLT and blockchains can play a positive impact on society in pioneering digital sustainable projects.”

“Upholding our responsibilities for pioneering research, we quickly recognised the enormous opportunities public and private blockchain can play in future digital transformation” – Dr Carsten Sørensen, LSE

The LSE team enlisted by the Council are known to be at the forefront of academic and thought leadership on digital platforms and Web 3.0. Armed with experience in collaborating with central banks, regulators and industry practitioners to bridge the gap between research, innovation and application of DLTs, the institution will help run a Hedera network node alongside fellow Council members.

“As a world-renowned, top-ranked academic institution, LSE’s inclusion on the Hedera Governing Council is a fantastic development for our community, and the entire decentralised economy,” said Mance Harman, CEO and co-founder of Hedera.

“LSE’s motto is the ‘betterment of society’ and this ethos will transcend to aiding a greater understanding of future digital transformation, aided by public distributed ledgers. The team at the LSE have built up an outstanding reputation in advancing the research-sharing capabilities of the industry, which we recognise as a significantly important issue to the Hedera Governing Council,” added Harman.

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