The Linux Foundation has created a trust as an umbrella organization for open source for decentralized ecosystems. The Linux Foundation Decentralized Trust (LFDT) debuts with over 100 members, including all the members of the Hyperledger Foundation, Hedera and 13 more new members.
Hedera is a premier member of the trust, joining Accenture, DTCC and Hitachi at that level. Hedera contributed its entire source code, including its hashgraph consensus algorithm, to LFDT, where it will be known as Project Hiero. Hedera source code governance will be transferred to the Linux Foundation, while the Hedera Council will retain operational governance of the network.
A powerful mix of technologies
Another new member of LFDT, wallet-as-a-service provider Dfns, contributed its key management system to the trust. It will be known as Project Lockness. Dfns said in an X tweet:
“Although MPC [multi-party computation ] holds great promise, its adoption has been slow due to a lack of trusted standards and industry caution. Lockness aims to change that.”
“We’re creating the first trusted and compliant open-source cryptography ecosystem designed to meet the needs and standards of regulated industries like finance,” it continued. Linux Foundation general manager of decentralized technologies and executive director of LFDT Daniela Barbosa said in a statement:
“We are launching with a powerful mix of ledger, identity, cryptography, interoperability, and implementation projects and a diverse, committed membership base. […] Our mission is to drive collective innovation that delivers transparency, reliability, security, and efficiency on a global scale.”
Hashgraph, Banco Central do Brasil and Polygon are also among the new members.
Some of the LFDT members. Source: LF Decentralized Trust
Related: Why financial infrastructure needs to be open-source — Hyperledger
LFDT has many projects
Hyperledger Besu, which will hereafter be 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 banks’ DREX wholesale CBDC project, among other things.
Source: Dfns
Also on Sept. 16, the new Hyperledger Fabric 3.0 platform version was introduced. Among the upgrades that it incorporates is a new consensus mechanism, called the Byzantine Fault Tolerant ordering service.
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