LG joins Hedera Board of Directors to accelerate innovations and adopt Distributed Ledger technology globally

<p style=";text-align:left;direction:ltr"> <strong>Weather of Arabia-</strong> <span>LG Electronics Inc.</span> today announced And <span>Hedera Hashgraph</span> , a project that is a new form of Distributed Ledger Technology <span>(DLT)</span> , which creates a network of nodes (computers) that connect with one another to complete transactions in a decentralized manner, about <span>LG</span> joining the <span>Hedera</span> Board of Directors . The Council will consist of 39 international organizations from a variety of sectors and geographical regions in the world. </p><p style=";text-align:left;direction:ltr"></p><p style=";text-align:left;direction:ltr"> <span>LG</span> is the 14th member of the board, joining <span>Boeing</span> , <span>Deutsche Telekom</span> , <span>DLA Piper</span> , <span>FIS (WorldPay)</span> , <span>Google</span> , <span>IBM</span> , <span>Magalu</span> , <span>Nomura</span> , <span>Swirlds</span> , <span>Swisscom Blockchain</span> , <span>Tata Communications</span> , <span>University College London (UCL)</span> and <span>Wipro</span> . As the only home appliances manufacturer to join the <span>Hedera</span> Board, <span>LG</span> will work with <span>Hedera</span> and other board members to define ways in which Distributed Ledger technology can benefit consumers and partners for supply chains by enabling seamless transactions. </p><p style=";text-align:left;direction:ltr"></p><p style=";text-align:left;direction:ltr"> <span>Hedera</span> board members will manage the contract on the public <span>Hedera Hash-Graph</span> network, and are responsible for approving the <span>Hedera</span> roadmap and updates to the platform database. Members also guarantee the decentralization and diversity of the council. </p><p style=";text-align:left;direction:ltr"></p><p style=";text-align:left;direction:ltr"> “We are delighted to welcome the accession of <span>LG, the</span> industry leader, to the Board of Directors of <span>Hedera</span> ,” added CEO and CEO of <span>Hedera Hashgraph</span> , adding: “For many years, LG officials have proven their wisdom in the company&#39;s approach to adopting new technologies with the aim of improving the lives of We look forward to cooperating with <span>LG</span> and its ecosystem to explore many potential ways in which the distributed ledger technology can be applied to the benefit of its user base. </p><p style=";text-align:left;direction:ltr"></p><p style=";text-align:left;direction:ltr"> For his part, said the senior vice president of LG Electronics, Zhou Taiji Il: &quot;The technology of&quot; distributed ledger &quot;is able to improve the value of the consumer and companies in many sectors to provide new services that benefit from the confidence, security and speed provided.&quot; He added: &quot;We look forward to becoming part of the <span>Hedera</span> Board of Directors and from the opportunities that enable us to collaborate with other leading organizations across a wide range of industries to further develop the application of the Distributed Ledger technology for the benefit of companies and consumers alike.&quot; </p><p style=";text-align:left;direction:ltr"></p>