Originally published on: September 16, 2024
The Linux Foundation has taken a significant step towards supporting decentralized ecosystems by introducing the Linux Foundation Decentralized Trust (LFDT). With an impressive lineup of over 100 members, including prominent names like Hedera, Hyperledger Foundation, Accenture, DTCC, and more, LFDT is set to revolutionize the world of open-source software.
Hedera, one of the premier members of LFDT, has made a substantial contribution by sharing its entire source code, including the innovative hashgraph consensus algorithm. This valuable contribution will now be known as Project Hiero under the Linux Foundation’s umbrella. While Hedera will continue to oversee operational governance of the network through the Hedera Council, its source code governance will shift to the Linux Foundation.
Joining the ranks of LFDT is Dfns, a wallet-as-a-service provider, who has shared its key management system with the trust for the advancement of open-source cryptography. This system will now be recognized as Project Lockness. Dfns aims to create a trusted and compliant ecosystem that meets the standards of regulated industries like finance.
In addition to Hedera and Dfns, other notable new members of LFDT include Hashgraph, Banco Central do Brasil, Polygon, and many more. The collaboration between these organizations will drive innovation and progress in the decentralized technology space.
Furthermore, the latest version of Hyperledger Fabric 3.0 was recently unveiled, featuring upgrades like the Byzantine Fault Tolerant ordering service. This new platform promises to enhance efficiency and security in blockchain technology, paving the way for a more decentralized future.
With the support of industry leaders and a focus on open-source development, the Linux Foundation Decentralized Trust is poised to lead the way in shaping the future of decentralized ecosystems. Join us on this exciting journey towards a more collaborative and innovative digital landscape.
