Hedera will be governed by a council of renowned enterprises and organizations, across multiple industries and geographies. Its vision is a cyberspace that is trusted, secure, and without the need for

central servers. Its licensing and governance model protects the community by eliminating the risk of splitting, guaranteeing the integrity of the codebase, and providing open access to the protected core.

All Governing Members will have equal governing rights and each Governing Member (with the exception of Swirlds, Inc.) is expected to serve a limited term, ensuring that governance is decentralized. Hedera is both an organization and distributed ledger platform that resolves the factors that constrain adoption of public DLT by the mainstream.