Linux Foundation Announces Decentralized Trust Launch with Over 100 Members, Including Hedera

by Giorgi Kostiuk

a year ago

Overview of Linux Foundation Decentralized Trust Launch
Hedera and Other Key Members Involvement
Founded Projects and Their Importance

Recently, the Linux Foundation launched the Decentralized Trust (LFDT) initiative, bringing together open source code for decentralized ecosystems. At launch, LFDT includes over 100 members, including the Hyperledger Foundation, Hedera, and 13 new participants.

Overview of Linux Foundation Decentralized Trust Launch

LFDT is created as an umbrella organization for open source decentralized ecosystems. At launch, the project involves over 100 members, including all participants of the Hyperledger Foundation and Hedera.

Hedera and Other Key Members Involvement

Hedera has become a premier member of LFDT, joining companies such as Accenture, DTCC, and Hitachi at this level. Hedera contributed its entire source code, including the hashgraph consensus algorithm, which will now be known as Project Hiero. The governance of Hedera's source code will be transferred to the Linux Foundation, while operational governance will remain with the Hedera Council.

Although multi-party computation (MPC) holds great promise, its adoption has been slow due to a lack of trusted standards and industry caution. Lockness aims to change that.None

Founded Projects and Their Importance

Another new member of LFDT, wallet-as-a-service provider Dfns, contributed its key management system to the trust, now known as Project Lockness. Hyperledger Besu, now known simply as Besu, is the third most popular execution client for the Ethereum mainnet. It powers the Project mBridge central bank digital currency (CBDC) bridge and the Brazilian central bank’s wholesale CBDC project.

We are launching with a powerful mix of ledger, identity, cryptography, interoperability, and implementation projects and a diverse, committed member base. Our mission is to drive collective innovation that delivers transparency, reliability, security, and efficiency on a global scale.Daniela Barbosa, Linux Foundation general manager of decentralized technologies and executive director of LFDT

Thus, the launch of the Linux Foundation Decentralized Trust with over 100 participants, including leading technologies and innovative projects, promises significant changes and innovations in the world of decentralized ecosystems.

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