Hedera Hashgraph have done a deal with Google to become a member of the governing body for the distributed ledger startup, prompting the HBAR Token to hit a yearly high.
According to a Tuesday announcement, Google Cloud will operate a Hedera network node, making the ledger data available for analytics.
“We’re inspired by what Hedera has accomplished to date, and look forward to providing the infrastructure and technologies to support what’s possible with distributed ledger technology,” Allen Day, developer advocate for Google Cloud, wrote in a post earlier today.
The move represents the strengthening of an already good relationship, according to Hedera team.
Other members of the Governing Council include IBM, Deutsche Telekom, Boeing, Nomura and Tata Communications to name but a few.
The price of the Hedera’s Crypto token, HBAR, rocketed up by over 80% on the news.