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Linux Launches Decentralized Trust Foundation
The Linux Foundation has unveiled the Linux Foundation Decentralized Trust (LFDT), a new organization aimed at consolidating Linux’s decentralized projects under one umbrella. With 17 projects and over 100 members, including major players like Hedera and Hyperledger, this foundation will support open-source projects in decentralized ecosystems.
SAN FRANCISCO and VIENNA (September 16, 2024) – Today, to provide a neutral home for collaborative development of technologies powering the transition to a digital-first economy, the Linux Foundation formally launched Linux Foundation Decentralized Trust (LF Decentralized Trust), the premier open source foundation for decentralized technology ecosystems. Supported by more than 100 founding members, LF Decentralized Trust is a new umbrella organization that fosters collaboration and innovation across a growing ecosystem of blockchain, ledger, identity, interoperability, cryptographic, and related technologies.
LF Decentralized Trust launches with a diverse and global member base, including those joining from Hyperledger Foundation and Trust Over IP Foundation as well as 13 additional members that have signed on to advance the mission of this new umbrella organization. Those members are AYANWORKS, Banco Central do Brasil, Dhiway, Dfns, Exponential Science Foundation, Hashgraph, Ownera, Polygon, Print2Block, Rayls Foundation, Serviço Federal de Processamento de Dados (SERPRO), Tata Consultancy Services (TCS), and Wanchain. As announced today, Hedera also became an LF Decentralized Trust founding Premier Member, joining Accenture, DTCC, and Hitachi at the highest level of community investment and foundation leadership.
Key Members and Contributions
Hedera has joined as a premier member, alongside companies like Accenture and Hitachi. It contributed its entire source code, including its hashgraph consensus algorithm, to LFDT, which will now be known as Project Hiero. Governance of Hedera’s source code will move to the Linux Foundation, though the Hedera Council will maintain operational control over the network.
Wallet-as-a-service provider Dfns also joined LFDT, contributing its key management system, now called Project Lockness. Dfns hopes to drive the adoption of multi-party computation (MPC) standards, particularly in regulated industries like finance.
A Blend of Technologies for Global Impact
LFDT aims to innovate through a combination of ledger, identity, cryptography, and interoperability projects. The foundation’s mission is to foster transparency, reliability, security, and efficiency at a global level. Key technologies like Hashgraph, used by Hedera, and members such as Banco Central do Brasil and Polygon, reflect LFDT’s broad commitment to these goals.
Significant Projects Within LFDT
Several projects are part of LFDT’s portfolio, including Besu, a popular Ethereum client that powers central bank digital currency (CBDC) initiatives like Project mBridge and Brazil’s DREX CBDC. Additionally, the Hyperledger Fabric 3.0 platform was launched with a new consensus mechanism, called the Byzantine Fault Tolerant ordering service, which further enhances its capabilities.
