Hedera

Hedera (HBAR) is a decentralized public network aimed at developers who build applications requiring near real-time consensus. It is described as a distributed ledger platform for the digital economy and follows a permissioned model, with large organizations as the parties that run the network and use its technology.

Ownership and governance of the network sit with a council of global innovators. Google, IBM, Boeing, Deutsche Telekom, University College London and Wipro are among its members.

The Hedera Consensus Service works as a trust layer for applications and permissioned networks. Messages submitted to the network are given a trusted timestamp and placed in a fair order, which results in an immutable log that can be verified. Suggested uses include tracking assets across a supply chain, keeping auditable event logs for an advertising platform, and acting as a decentralized ordering service.

Its product list also names a token service and a smart contract service. Hashgraph developed CLPR, a cross-ledger protocol, and Hedera donated it to Linux Foundation Decentralized Trust, where it now exists as an open source lab.