Hedera
Crypto Overview
Purpose and Utility
Hedera is a public distributed ledger technology that aims to provide a secure, fast, and low-cost platform for building decentralized applications. The HBAR token serves multiple purposes within the ecosystem: network fuel for transaction fees, staking for network security, and weighted voting for governance decisions.
Business Model
Hedera's business model focuses on enterprise adoption of distributed ledger technology. The platform enables various use cases including tokenization, identity verification, supply chain tracking, and decentralized finance applications. The network is governed by a council of large organizations including Google, IBM, and Deutsche Telekom.
Real-World Adoption
Hedera has secured significant enterprise partnerships and real-world implementations. Notable use cases include: ServiceNow's integration for timestamp verification, Standard Bank's use for cross-border transactions, and The Coupon Bureau's digital coupon platform. The network processes millions of transactions monthly, demonstrating actual utility.
Development Activity
The platform maintains strong development activity with regular updates and improvements. The Hedera ecosystem includes thousands of developers and hundreds of applications built on the network. Recent developments include smart contract functionality and increased cross-chain interoperability.
Token Distribution
HBAR tokens were initially distributed with long-term vesting schedules. The Hedera Treasury manages token distribution transparently, with detailed plans published for ecosystem development, council node rewards, and network incentives. While founders and early investors received significant allocations, these are subject to multi-year vesting periods.
Crypto Impact
To assign a comfort level investing in Hedera from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Hedera.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.