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The Linux Foundation Decentralized Trust aims to foster collaboration and innovation across the web3 ecosystem of blockchain, ledger, identity, interoperability, and cryptographic technologies.

With over 100 founding members, LF Decentralized Trust claims to be a neutral platform for the collaborative development of technologies powering the transition to a digital-first economy. The organisation builds upon more than eight years of work from across the Linux Foundation, encompassing leading global blockchain and digital identity open source and standards projects.

Daniela Barbosa, General Manager of Decentralised Technologies at the Linux Foundation and Executive Director of LF Decentralized Trust, said: “Around the world, decentralised technologies are modernizing critical systems and core infrastructure. LF Decentralized Trust is the new home for collaboratively developing the ecosystems that will make these trusted systems and applications.”

The new organization encompasses all projects, laboratories, and community groups from the Hyperledger ecosystem, totaling 200 local, regional, and industry-specific assemblies involving tens of thousands of global participants. Additionally, TrustOverIP (ToIP) is now included, contributing its working groups, specifications, models, tools, and governance best practices of digital trust ecosystems as a part of the project.

Michael Klein, Blockchain Technology Lead at Accenture and Chair of the LF Decentralized Trust Governing Board, stated: “As we advance into the future of digital ownership, the role of open standards and open-source initiatives will be critical in fostering cross-industry cooperation and laying the groundwork for the next evolution of the Internet.”

The launch of LF Decentralized Trust includes 17 total projects, notably incorporating the entire Hedera Hashgraph codebase, now known as the LF Decentralized Trust project Hiero, a powerful decentralized ledger platform that utilizes a distinct consensus mechanism.

Eric Piscini, CEO of Hashgraph, expressed enthusiasm about joining the Linux Foundation Decentralized Trust as a Founding Member, emphasizing the value of bolstering ties with a community committed to open-source technology.

“Trust is essential for the widespread adoption of DLT and decentralised systems, and we are committed to collaborating with fellow members and projects to build innovative, scalable solutions. We see significant potential in enhancing interoperability and are eager to advance these initiatives.”

The organisation also welcomes Lockness, an ecosystem for key management and digital signature protocols.

Clarisse Hagège, CEO of Dfns, said: “We’re excited to join Linux Foundation Decentralized Trust and work with the community to grow Lockness, a new project that we contributed. This will be the first platform to bring together all major cryptographic protocols and digital signatures in one place.

“By sharing our software with LF Decentralized Trust, we’re reinforcing our belief in the value of trustworthy open-source communities.

“Our goal is to make cryptographic protocols like MPC, TSS, and ZKP a key part of institutional tech systems and widely used across industries. We believe this can only happen in an environment like the one the Linux Foundation creates, where open-source code is carefully reviewed and managed to build lasting trust.”

The launch of LF Decentralized Trust has garnered support from a diverse range of industry players, including 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 the digital landscape continues to evolve, LF Decentralized Trust stands poised to play a pivotal role in shaping the future of decentralized technologies and fostering a more connected and trusted digital ecosystem.

See also: Sony bets on Web3 with Soneium blockchain and incubation programme

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