Building the future together
Up to 39 collusion-resistant organizations lead the Hedera network. Each Council member is committed to network innovation, stability, and its continued decentralization.
Hedera’s governanceis decentralized bydesign. The 39members will bedistributed fairlyacross time, region,and industry.
Hedera addresses decentralization concerns by separating governance from consensus. Hedera's governance design assures no single company, small group of developers, or node operators has undue influence or control over the network.
Members of the Hedera Council share an equal vote in the direction of Hedera's software and services. Hedera Improvement Proposals provide the Hedera community with opportunities for input.
Unlike other blockchain networks, Hedera ensures stability for end-users and application owners with a no-fork guarantee. The Hedera Council achieves this through technical controls via state proofs.
At scale, we anticipate thousands of public nodes joining to support the network's decentralized consensus and growth. Council members run the initial set of nodes on the Hedera network.
All members have a three-year maximum term, with up to two consecutive terms and an equal vote on network and platform decisions. Swirlds, the creator of hashgraph, has a permanent seat and equal vote.
Powering enterprise workflows for 80% of the Fortune 500
ServiceNow looks to integrate Hedera into its NowPlatform in an effort to enhance the trust in multi-party enterprise workflows including SLA monitoring and procurement.
Global law firm Operating in 40 countries
DLA Piper’s "TOKO" is a digital asset creation engine that has a pipeline of deals in the hundreds of millions of dollars and a solution that addresses a serviceable market in the trillions.
GLOBAL MATERIALS SCIENCE AND MANUFACTURING COMPANY
Atma.io is a platform that unlocks the power of connected products by assigning unique digital IDs to everyday items, providing unparalleled end-to-end transparency by tracking from source to consumer and beyond to enable circularity.
Learn the latest about the Hedera Council's function and operations.
This two-pager highlights the benefits of joining the Council, its configuration, and the responsibilities of its members.
The Limited Liability Company Agreement defines the Council's rights and responsibilities.
Understand a Council member's technical requirements and example configurations of a Hedera mainnet consensus node.
ServiceNow and Hedera enable cross-organizational digital workflows.
Banking and financial services across sub-Saharan Africa
Standard Bank is creating a digital bond platform with decentralized identity and verifiable credentials that will pave the way for the issuance of tokenized financial assets to a new range of services to customers across the African continent.
Top five global utility company
EDF is exploring the tokenization of Renewable Energy Credits (RECs) carbon offset and credit system on Hedera through the Hedera Token Service.
Australia’s national debit operator
Australian Payments+ is advancing the future of Australia’s payment rails with active efforts to understand the potential for Hedera to support micropayments, stablecoins, and digital identity.
Each Council meeting is available within 30 days of approval by the Council, typically a few weeks following each subsequent Council meeting. Meeting records are immutable, recorded on Hedera using ProvenDB.
February 14, 2024
The Council Members approved the meeting minutes from the Council meetings held on November 8, December 6, and December 13, 2023 and elected individuals to chair a Hedera committee for the term beginning January 1, 2024 and ending December 31, 2025.
Virtual (Zoom)
December 13, 2023
The Council members approved the meeting minutes for their October 18, 2023 meeting and the allocation and transfer of 4.86 billion hbars from Hedera’s treasury account to Board-governed Hedera accounts; directed the Board to ensure that any grant to an independent ecosystem development entity shall include requirements that such entity has appropriate good governance mechanisms in place, including, without limitation, appropriate policies with respect to ethical conduct and conflicts of interest; and elected individuals to serve on Hedera’s Board of Directors for the term beginning January 1, 2024 and ending December 31, 2025.
Virtual (Videoconference)
December 6, 2023
Council members expressed their desire to assist Hedera’s open source efforts, and interested Council members were invited to contact Andrew, who will serve as a conduit between the Council members and community members.
November 8 - 10, 2023
The Council members approved an amendment to RegCom’s charter to change its name to the Government Affairs Committee and revise the purpose statement to reflect the new focus on government affairs, the renewal terms of the specified Council Members, the proposed structure and key terms of an Ethics & Integrity Policy, and the concept of “committee leadership teams”; directed the Secretary to amend the Committee Policy and update MemCom’s charter to include member engagement within its responsibilities; and voted to approve the application of Hitachi America, Ltd. to join the Hedera Council.
Singapore