• Dell Technologies has joined the Hedera Hashgraph (HBAR) governing council to explore distributed ledger technology (DLT) use cases.
• The tech giant is now an active member of the Hedera Governing Council, which runs the open-source Hedera Hashgraph network.
• The news has caused a surge in $HBAR token price, exchanging hands for $0.077 at press time.
Dell Joins Hedera Hashgraph Governing Council
Dell Technologies, an American tech giant that manufactures, sells, and repairs computers and related products, has become the latest member of the Hedera Hashgraph (HBAR) governing council. This move will enable Dell to explore distributed ledger technology (DLT) use cases and more.
Benefits for Dell
As an active member of the Hedera Governing Council, Dell will be able to run its own Hedera node and explore DLT for the development of decentralized applications (dapps), edge computing, data trust, and more. John Roese, Dell’s Global CTO stated that joining the Council will give them hands-on DLT experience that will enable them to function as a “rational voice” for customers looking to integrate innovative technology into their operations.
Other Members of the Governance Council
Established in Feb 1984, Dell is among world’s top five computer manufacturers by market share as of late 2022. With their membership; the Hedera Governing Council now boasts 39 organizations including LG IBM Google and others.
Price Surge For HBAR Token
The news of Dell joining has caused a surge in $HBAR token price with it rising by over 2% in past 24 hours and 21% in recent week exchanging hands for $0.077 at press time .
Conclusion
Though this is not Dell’s first foray into web3 world as they have been reportedly supporting bitcoin payments over years; it remains to be seen whether this decision to delve deeper into distributed ledger technology with Hedera will bolster demand for its products especially by cypherpunks and crypto proponents