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Hedera Global Governing Council

Building the future together

Up to 39 highly diversified organizations lead the Hedera network.
Each Council member is committed to network innovation, stability, and its continued decentralization.


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Hedera welcomes our newest council member

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Hedera is owned and governed by the world's leading organizations

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Hedera’s governance
is decentralized by
design. The 39
members will be
distributed fairly
across time, region,
and industry.

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Headquarters
SectorMaterials
Member Since30 Nov 2021

Decentralized governance

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.

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CODEBASE DIRECTION

Members of the Hedera Governing 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.

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NETWORK STABILITY

Unlike other blockchain networks, Hedera ensures stability for end-users and application owners with a no-fork guarantee. The Hedera Governing Council achieves this through hashgraph's open review code license.

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DECENTRALIZED NODES

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.

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FAIR RESPONSIBILITY

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.

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Service Now

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.

DLA Piper

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.

Avery Dennison

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.

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Transparent governance

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.

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Date Posted
Description
Location

July 14, 2021

Council members allocated 10.7 billion hbars from the Hedera Treasury for ecosystem development, including earmarking up to 5.35 billion hbars and fiat to the HBAR Foundation, an independent foundation that will make ecosystem grants. The Council members also approved the allocation of 4.4 billion hbars for Hedera's H2 2021 budget.

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May 12, 2021

Council Members approved dissolving the Marketing Committee, the minutes from the Council meeting held on March 10, 2021, and certain minor amendments to the Hedera LLC Agreement and Committee Policy as presented at the meeting.

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March 10, 2021

Council Members approved changes to the Hedera Pricing Plan to increase the typical account creation fee from $0.01 to $0.05 and approved the Hedera User Group Policy.

Teleconference

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January 13, 2021

Members reviewed the Hedera Pricing Plan, the Hedera Technical roadmap, Hedera's 2020 KPI metrics, and the three-year budget and fundraising terms.

Teleconference

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Standard Bank

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 issuances of tokenized financial assets to a new range of services to customers across the African continent.

EDF

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.

Fortune500 1

Australia’s national debit operator

eftpos 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.

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Resources

Learn the latest about the Hedera Governing Council's function and operations.

Council Overview

This two-pager highlights the benefits of joining the Council, its configuration, and the responsibilities of its members.

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LLC Agreement

The Limited Liability Company Agreement defines the Council's rights and responsibilities.

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Node Requirements

Understand a Council member's technical requirements and example configurations of a Hedera mainnet consensus node.

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Hedera Blog

ServiceNow and Hedera enable cross-organizational digital workflows.

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Building the future together

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