Company: Hedera Hashgraph
Founders: Dr. Leemon Baird & Mance Harmon
About Hedera Hashgraph
Hedera Hashgraph is the most used, sustainable, enterprise-grade public ledger for the decentralised economy. Hedera’s computational efficiency and proof-of-stake decentralised public network is the most sustainable model for blockchain/DLT networks. The Hedera Network consumes vastly less energy than any other public ledger, making it the ideal choice for sustainable initiatives and meaning that it can meet the environmental, social and governance needs of modern businesses and investors.
Hedera’s users hail from industries such as supply chain, payments, agriculture, pharmaceuticals, advertising, art and other content, retail, energy and more. The Hedera network offers transparent, decentralised governance with no forking, low and predictable transaction fees, fairness, built-in compliance, and real-time settlement – all of which are driving massive adoption.
Hedera recently featured in a report by Power Transition, ‘Can a Blockchain be Green?’, which found that the Hedera network currently uses 250,000 times less energy per transaction than Bitcoin and 55,000 times less energy per transaction than Ethereum. Hedera’s energy consumption is also lower than VISA, meaning that the public ledger can make mainstream payments more sustainable than they currently are.
One of the most remarkable things about Hedera is its Governing Council – which is exceptional among public ledgers. Hedera Hashgraph has the most decentralised and transparent governance model, led by the Hedera Governing Council, ensuring the reliability of the network. The council consists of up to 39 term-limited, highly diversified organisations, enterprises and academic institutions, which reflect up to 11 unique sectors globally. Council Members are committed to governing software changes, while bringing stability and continued decentralisation to the public network.
Global organisations from diverse geographical regions and market sectors have joined the Hedera Governing Council to govern the network and operate a node. Examples include Google (United States), eftpos (Australia), LG (S.Korea), and Standard Bank (South Africa). Following the addition of Standard Bank to the Hedera Governing Council, Hedera has nodes on every continent except Antarctica.