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 Service Level Agreement monitoring and procurement.
Global law firm Operating in 40 countries
DLA Piper’s "Scintilla" 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.
GLOBALLY LEADING ASSET MANAGEMENT FIRM
abrdn is unlocking the potential of real-world asset tokenization by digitizing traditional investment vehicles such as money market funds, with plans to utilize tokenization to improve accessibility, reduce settlement times, and increase efficiency for its customers.
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
Shinhan Bank is exploring the benefits of stablecoin-enabled remittance systems through the use of the Stablecoin Studio, with multiple successful PoCs conducted that enabled real-time foreign exchange and instant settlement across digital currencies.
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.
December 11, 2024
The Council members approved the key material terms of an amendment to the existing Grant Agreement with The HBAR Foundation and voted to approve the renewal terms (as defined in the Hedera LLC Agreement) of Council members whose initial terms expire on December 31, 2024.
Virtual
November 14 - 15, 2024
The Council members voted in support of the core elements of the President’s proposed strategic plan and directed the President to move forward with developing the key deliverables required for final approval at or after the Council’s upcoming in-person Council meeting in Miami.
Miami, Florida, USA
October 9, 2024
The Council Members voted to approve CoinCom’s proposal to amend the Node Subsidy policy to reimburse node operators in USD for the first half of 2025, with HBAR-only rewards starting July 1, 2025, and the application of Nairobi Securities Exchange, Plc to join the Hedera Council.
September 11, 2024
The Council Members voted to approve the minutes for the Council meeting held on July 10, 2024.