Linux Foundation Decentralized Trust aims for web3 innovation

2 days ago 4

Chain of blocks to illustrate the launch of the Linux Foundation Decentralized Trust to advance open source web3 technologies.

Ryan Daws is a senior editor at TechForge Media with over a decade of experience in crafting compelling narratives and making complex topics accessible. His articles and interviews with industry leaders have earned him recognition as a key influencer by organisations like Onalytica. Under his leadership, publications have been praised by analyst firms such as Forrester for their excellence and performance. Connect with him on X (@gadget_ry) or Mastodon (@gadgetry@techhub.social)

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 modernising 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 organisation incorporates all projects, labs, and communities from the Hyperledger ecosystem, including 200 local, regional, and industry groups that convene tens of thousands of participants globally. Additionally, TrustOverIP (ToIP) joins the fold, bringing its working groups, specifications, models, tools, and best practices for governance of digital trust ecosystems under the umbrella as a project.

Michael Klein, Blockchain Technology Lead at Accenture and Chair of the LF Decentralized Trust Governing Board, added: “As we look to the future of digital ownership, open standards and open-source initiatives will drive cross-industry collaboration and serve as the foundation for the next generation of the Internet.”

LF Decentralized Trust launches with 17 total projects – including the entirety of the Hedera Hashgraph codebase – which has been contributed as the LF Decentralized Trust project Hiero, a robust decentralised ledger platform leveraging a unique consensus mechanism.

Eric Piscini, CEO of Hashgraph, commented: “We are excited to join Linux Foundation Decentralized Trust as a Founding Member and strengthen our partnership with a community dedicated 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 decentralised technologies and fostering a more connected and trusted digital ecosystem.

(Photo by Shubham Dhage)

Want to learn more about blockchain from industry leaders? Check out Blockchain Expo taking place in Amsterdam, California and London. The comprehensive event is co-located with other leading events including Digital Transformation Week, IoT Tech Expo, Edge Computing Expo, Intelligent Automation, AI & Big Data Expo, and Cyber Security & Cloud Expo.

Explore other upcoming enterprise technology events and webinars powered by TechForge here.

Tags: blockchain, decentralized trust, development, dfns, hashgraph, hedera, hiero, linux, linux foundation, lockness, open source, web3