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Draft:Linux Foundation Decentralized Trust

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Linux Foundation Decentralized Trust (LF Decentralized Trust) is an umbrella project of the Linux Foundation. It hosts the collaborative development of a number of open source technologies that support decentralized networks and applications. These include Besu, Hiero, Hyperledger Cacti and Hyperledger Fabric.

History and Aims

The Linux Foundation announced plans to create LF Decentralized Trust in June, 2024 with plans to "host software used in the coming migration to tokenization and the modernization of infrastructure that will accompany the shift."[1]

In September 2024, the Linux Foundation launched LF Decentralized Trust as an a new umbrella organization to host open source blockchain, ledger, identity, interoperability, cryptographic, and related technologies technologies, standards, specifications and communities. At launch, it encompassed two Linux Foundation projects: Hyperledger Foundation and Trust over IP Foundation.[2] Two additional code bases were contributed at launch as well: Hiero, the distributed ledger technology used to build the Hedera public ledger[3], and Lockness, a cryptographic key management system contributed by DFNS.[4]

The leadership for LF Decentralized Trust includes Daniela Barbosa, executive director, and Hart Montgomery, CTO.[5]

Members and governance

LF Decentralized Trust is a member-supported, not-for-profit organization. The member communities as well as the projects from Hyperledger Foundation and Trust over IP became part of LF Decentralized Trust at launch. Organizations that have sign on to support LF Decentralized Trust directly include Central Bank of Brazil, Hong Kong Monetary Authority, Polygon, Mastercard, and Tata Consultancy Services (TCS). [6][7]

The seven member governing board overseeing the foundation is chaired by Michael Klein, Managing Director and Master Technology Architect at Accenture. Technical governance happens at two levels. The Technical Advisory Council provides governance across projects. Each individual project also has a Technical Steering Committee to make decisions for its individual community.[8]

Key projects

Besu - An enterprise-grade Ethereum client for that works with public and private Ethereum blockchains. It is the third most popular Ethereum client[9] and, according to a 2024 Blockdaemon survey of 92 financial institutions, the most widely adopted software for asset tokenization[10]. A 35-member Besu Financial Services Working Group, led by DTCC, was established to help shape the Besu roadmap.[10] Besu is the platform for Brazil's Drex CBDC[11].

Hiero - The Hashgraph consensus algorithm, core services, and related tools underpinning the Hedera network.[12]

Hyperledger Cacti - A pluggable enterprise-grade framework that enable blockchain networks to interoperate. It’s a low code, standardized integration.[13]

Hyperledger Fabric - An enterprise-grade permissioned blockchain platform with a modular architecture, Smart Contracts (called "chaincode" in Fabric) and versatility for a broad set of industry use cases. [14] In 2024, Hyperledger Fabric 3.0 was released with the SmartBFT protocol.[15]

The project LF Decentralized Trust mix is continuously evolving. The full project matrix lives here.





References

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  1. ^ Insights, Ledger (2024-06-25). "Hyperledger to expand into Linux Foundation Decentralized Trust". Ledger Insights - blockchain for enterprise. Retrieved 2024-11-19.
  2. ^ Anderson, Derek (September 16, 2024). "Linux debuts decentralized foundation with Hedera and 100+ members". Cointelegraph.
  3. ^ Thuo, Charles (Sept 16, 2024). "Hedera donates entire codebase to Linux Foundation's Decentralized Trust". Invezz. {{cite news}}: Check date values in: |date= (help)
  4. ^ Daws, Ryan (2024-09-16). "Linux Foundation Decentralized Trust aims for web3 innovation". Developer Tech News. Retrieved 2024-11-18.
  5. ^ "Staff - LF Decentralized Trust". www.lfdecentralizedtrust.org. Retrieved 2024-11-18.
  6. ^ Bertolucci, Gustavo (2024-09-16). "Linux Foundation lança plataforma de confiança descentralizada com mais de 100 membros". Livecoins (in Brazilian Portuguese). Retrieved 2024-11-18.
  7. ^ lumen_loop (2024-10-29). "LF Decentralized Trust Adds Stellar, HKMA, Mastercard, and More as Members". r/Stellar. Retrieved 2024-11-18.
  8. ^ "Charter – LF Decentralized Trust". www.lfdecentralizedtrust.org. Retrieved 2024-11-18.
  9. ^ Insights, Ledger (2024-03-19). "Hyperledger launches Besu blockchain financial services working group as Citi joins". Ledger Insights - blockchain for enterprise. Retrieved 2024-11-19.
  10. ^ a b Anderson, Derek (3/19/2024). "Hyperledger onboards Citi, forms Besu working group headed by DTCC". Cointelegraph. {{cite news}}: Check date values in: |date= (help)
  11. ^ Hall, Ian (2024-09-10). "Brazil central bank confirms projects for next digital currency tests". www.globalgovernmentfintech.com. Retrieved 2024-11-19.
  12. ^ Okwatch, Leon (9/16/24). "Hedera Joins Linux Foundation's Decentralized Trust as Founding Premier Member". Coinspeaker. {{cite news}}: Check date values in: |date= (help)
  13. ^ Insights, Ledger (2022-03-18). "Blockchain interoperability framework Hyperledger Cactus goes into production". Ledger Insights - blockchain for enterprise. Retrieved 2024-11-19.
  14. ^ "A Blockchain Platform for the Enterprise — Hyperledger Fabric Docs main documentation". hyperledger-fabric.readthedocs.io. Retrieved 2024-11-19.
  15. ^ "Hyperledger Fabric v3: Delivering Smart Byzantine Fault Tolerant consensus". www.lfdecentralizedtrust.org. 2024-09-16. Retrieved 2024-11-19.
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