Hedera Governing Council

The Hedera Governing Council consists of up to 39 highly diversified leading organizations and enterprises, reflecting up to 18 unique industries globally. Council members are committed to governing software changes, while bringing stability and continued decentralization to the public network.

Hedera Annual Assembly 2019

Governing council announcements & path to open access

A truly decentralized governance model

Direction of Codebase
Members of the Hedera Governing Council share an equal vote in the direction of software for thousands of public nodes, and the Hedera platform’s codebase.
No forking
As the hashgraph consensus algorithm is proprietary with open review code, the network and its cryptocurrency have a no-fork guarantee. This ensures stability of development for application builders, and long-term confidence in the network.
Initial Network Nodes
At scale, we anticipate thousands of public nodes joining to support the network's decentralized consensus and growth. Council members will set up and maintain the initial set of nodes on the Hedera public network, after testing has completed.
Term Limits & Equal Vote
All members have a 3-year maximum term, with up to 2 consecutive terms, and an equal vote on network and platform decisions. Swirlds, the creator of the hashgraph algorithm, has a permanent seat and equal vote. After initial members are selected by Swirlds, the council’s Membership Commitee sources replacements.

"As we work to bring these kinds of technologies to our clients, we are pleased to join the Hedera Governing Council as an inaugural governing member, to help further shape the adoption of DLT across organizations and governments globally."

Scott Thiel
Partner

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Long-term stability and decentralization

The Hedera network addresses decentralization concerns by separating governance from consensus. The governance model is based on the original model used by National BankAmericard Inc., founded in 1968, and later renamed VISA. It is designed in a way that ensures the governing council can be trusted to do what’s in the best interest of the Hedera network, that no single company has control, and that the Hedera Governing Council cannot be unduly influenced by individual members or node operators.

“Hedera has created a public distributed ledger and governing council that will ensure long-term stability, distributed governance, and security. We are thrilled to be an initial governing member of the Hedera Governing Council, to help shepherd this important technology as it is adopted by the market.”

John Calian
Senior Vice President

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Critical decisions. Decentralized vote.

The most critical decisions for the Hedera platform and public network require unanimous council support. Decisions made by the council include, but are not limited to:


• Direction of platform and public network node codebase features and functions


• Treasury management to ensure overall network safety


• Controlled mutability to address legal and data compliance


• Legal network requirements to serve global markets

“We are quite an early adopter of Blockchain technology on an enterprise level, and believe that the Hedera Governing Council can really close the gap between private and public distributed ledger technologies. It’s organized in a way that everyone can use this advanced technology in an efficient and careful way.”

Kamal Youssefi
INDUSTRY LEAD, ENTERPRISE BLOCKCHAIN