Google Cloud announces joining Hedera Hashgraph Management Board and will run a network node

On February 11th, Google Cloud announced that it has become a member of the management board of the distributed ledger startup Hedera Hashgraph and will run a network node.

The cloud giant company mentioned in a blog post:

"As a council member, Google Cloud will operate a Hedera network node and use the ledger data with GCP's other public DLT data sets for analysis, thereby consolidating GCP's position as the cloud provider of choice for DLT networks and decentralized applications. "

Hedera

Google Cloud Developer Allen Day wrote in a blog post:

"We are encouraged by what Hedera has achieved so far and look forward to providing the infrastructure and technology to support the possibility of distributed ledger technology."

According to Hedera, this move represents a deepening of the existing partnership, and Atul Mahamuni, senior vice president of products for Hedera, mentioned in the statement:

"We initially turned to Google Cloud because of its ease of use, network advantages, and overall platform performance. The Google Cloud Platform is the ideal foundation to help us achieve our large-scale enterprise DLT adoption goals."

It is reported that other members of Hedera also include IBM, Deutsche Telekom, Boeing, Nomura Securities, Tata Communications, etc. In the previous three rounds of token financing, Hedera raised a total of $ 124 million.