Hedera's governance, modeled after Visa, consists of up to 39
term-limited organizations spread across six continents.
The governing membership is designed to reflect a range of industries and geographies, to have highly respected brands and trusted market positions, and to encourage a wide variety of perspectives.
A general-purpose public ledger should be governed by representatives from a broad range of market and geographic sectors, each with world-class expertise.
Those responsible for network governance need technical expertise so they can competently manage the platform's underlying software.
They need business and economics expertise so they can manage business operations of the organization and its cryptocurrency.
They need legal expertise to help navigate the evolving regulatory environment.
In other words, the network should be governed by a decentralized group of globally recognized industry leaders, representative of every market in the world.
All the Governing Council members have a 3-year maximum term, with up to 2 consecutive terms and an equal vote on network and platform decisions.
, the company that invented Hashgraph, is the only organization that has a permanent seat in the Governing Council.
Currently, there are 28
organizations in the Governing Council.
UK's largest investment company.
Duncan Moir, Senior Investment Manager of Alternative Investments at abrdn, talks about tokenizing investments on Hedera and how DLT is going to revolutionize the world of finance. (Gossip about Gossip, 2022)
- Founded in 1825
- 5,000+ employees
- £508 billion in assets under management
A world leader in digital identification technologies, with a presence in 50+ countries. It provides branding and information labeling solutions, including pressure-sensitive materials, radio-frequency identification (RFID) inlays and tags.
Max Winograd, VP of Connected Products at Avery Dennison, talks about atma.io - the connected product cloud tracking the lifecycle impact of over 22 billion items across various industries and generating granular item-level emissions data using the Hedera network (Gossip about Gossip, 2022)
- Founded in 1935
- 35,000+ employees
- $8.4 billion revenue in 2021
The world's largest aerospace company, the largest airline manufacturer in the world, and the largest exporter in the United States by dollar value.
- Founded in 1916
- 141,000+ employees
- $62.2+ billion revenue in 2021
The leading provider of secure and reliable open-source oracle solutions, enabling smart contracts to access anything outside their native blockchain, such as off-chain data feeds, web APIs, and traditional bank payments.
Mance Harmon and David Post, Managing Director of Business Development and Strategy for Chainlink Labs, discuss Chainlink Labs joining the Hedera Governing Council (Gossip about Gossip, 2021)
The largest bank in Southeast Asia.
- Founded in 1968
- 33,000+ employees
- $10.5+ billion revenue in 2021
Dell's products include personal computers, servers, smartphones, televisions, computer software, computer security and network security, as well as information security services.
- Founded in 2016 by merger
- 158,000+ employees
- $101+ billion revenue in 2021
The world's largest law firm, with 200+ offices in 80+ countries.
- Founded in 2013 by merger
- 11,000 attorneys
- $2.9+ billion revenue in 2021
One of the world's leading integrated telecommunications companies - the largest telecommunications provider in Europe by revenue - with a presence in 50+ countries.
Deutsche Telekom explains why they like Hedera and where they envision using it (2019)
- Founded in 1995
- 226,000+ employees
- 248+ million customers
- €108+ billion revenue in 2021
One of the largest business law firms in the world, with offices in 40+ countries.
Scott Thiel, Partner at DLA Piper, describes why DLA Piper joined the Hedera Governing Council and the problems it is trying to solve by using Hedera technology (2019)
- Founded in 2005 by merger
- $3.5 billion revenue in 2021
EDF - Électricité de France
A French multinational electric utility company, largely owned by the French state.
- Founded in 1946
- 165,000 employees
- €84.5 billion revenue in 2021
Australia's national debit card infrastructure.
- Operating since 1984
- Accepted at nearly 1 million terminals
- 50+ million cards in the market
- 2+ billion transactions annually
The largest processing and payments company in the world.
Annually, it facilitates the movement of roughly $9 trillion through the processing of approximately 75 billion transactions in service to 20,000+ clients around the globe.
Nabil Manji, Head of Crypto and Web3 at Worldpay from FIS, talks about Worldpay's recently launched USDC stablecoin settlement offering, Proof-of-Reserve on Hedera, enterprise trends in Web3 (Gossip about Gossip, 2022)
- Founded in 1968
- 75,000+ employees
- $13.8+ billion revenue in 2021
"The most powerful company in the world".
- Founded in 1998
- 140,000+ employees
- $256.7+ billion revenue in 2021
One of the largest technology corporations in the world and a leading provider of enterprise solutions, with operations in 171+ countries.
Shyam Nagarajan, Executive Partner at IBM Consulting for Blockchain, Web3, Metaverse, and Sustainability, provides an excellent in-depth look at the current DLT landscape (Gossip about Gossip, 2022)
- Founded in 1911
- 282,000+ employees
- $57.4 billion revenue in 2021
IITM - Indian Institute of Technology Madras
Recognized as an Institute of National Importance and consistently rated as one of India's most prestigious universities.
- Founded in 1959
A global leader and technology innovator in consumer electronics, home appliances and mobile communications.
- Founded in 1958
- 36,000+ employees
- $67.2+ billion revenue in 2021
LSE - The London School of Economics and Political Science
UK's highly selective public research university - with an acceptance rate lower than Oxford or Cambridge - which focusses on social sciences, politics, law and economics.
It produced 18 Nobel laureates, shaped more billionaires than any other university, and taught 53 future heads of state.
A major online retailer in Latin America with 1,400+ stores.
- Operating since 1992
- 40,000+ employees
- $6.5+ billion revenue in 2021
One of the largest financial institutions in Japan, with a retail network of 117 branches. Operating in 30+ countries.
- Founded in 1925
- 26,000+ employees
- $11.2 billion revenue in 2021
A software company that is powering enterprise workflows for 80% of the Fortune 500 companies.
- Founded in 2003
- 16,000+ employees
- 7,400 enterprise customers
- $5.8+ billion revenue in 2021
Nicola Attico, Senior Advisory Solution Consultant at ServiceNow, shares why ServiceNow joined the Hedera Governing Council and the distributed ledger use cases actively being researched (2022)
The oldest bank in South Korea, with a global presence in 20+ countries.
- Founded in 1897
- 1,000+ branches
- 20+ million customers
- $15.9+ billion revenue 2021
The largest banking group in Africa by assets. It operates in 20 african countries.
- Founded in 1862
- 54,000+ employees
- $13.7 billion revenue 2021
Ian Putter, from Standard Bank Group, explains how Standard Bank is working to drive network adoption across the African continent and his decision to run for the Hedera Board (Gossip about Gossip, 2022)
Creators of the Hashgraph distributed consensus platform.
An Indian telecommunications company that operates the largest [500,000+ km of subsea fibre and 210,000+ km of terrestrial fibre] wholly owned and most advanced subsea fibre network which underpins the internet backbone.
It carries around 30% of the world's internet routes.
It connects businesses to 80% of the world's cloud giants and 4 out of 5 mobile subscribers.
It serves 7,000+ customers globally that represent 300+ of the Fortune 500 companies.