Linux Foundation stated that in addition to the Central Bank of Brazil, SERPRO will also be part of the new global blockchain organization.
Tux the Penguin, the official mascot of the Linux system
The Linux Foundation has announced the Decentralized Trust, a new organization dedicated to advancing the development of decentralized technologies. With the support of over 100 founding members, the initiative aims to drive collaboration across a growing ecosystem of projects involving blockchain, digital identity, and interoperability.
The project aims to create a foundation for the digital economy, focused on trust, security and transparency, bringing together contributions from large global companies and organizations.
“Today, to provide a neutral home for the collaborative development of technologies that drive the transition to a digital economy, the Linux Foundation formally launched the Linux Foundation Decentralized Trust (LF Decentralized Trust), the leading open source foundation for decentralized technology ecosystems,” the Linux Foundation said in a statement.
Linux Foundation joins forces with Banco Central do Brasil, Serpro, Polygon, Hashgraph and more
The launch of the new task force to improve the private blockchain and DLT ecosystem has a diverse and global membership, including those from the Hyperledger Foundation and Trust Over IP Foundation.
Additionally, 13 other members joining the project are AYANWORKS, Banco Central do Brasil, Dhiway, Dfns, Exponential Science Foundation, Hashgraph, Ownera, Polygon, Print2Block, Rayls Foundation, Federal Data Processing Service (SERPRO), Tata Consultancy Services (TCS), and Wanchain.
As announced today, Hedera has also become a founding Premier Member of the LF Decentralized Trust, joining Accenture, DTCC and Hitachi at the highest level of community investment and foundation leadership.
“Around the world, decentralized technologies are modernizing critical systems and core infrastructure,” said Daniela Barbosa, general manager of decentralized technologies at the Linux Foundation and executive director of the LF Decentralized Trust. “The LF Decentralized Trust is the new home for collaborative development of the ecosystems that will make these systems and applications trustworthy. We’re launching with a powerful mix of ledger, identity, cryptography, interoperability, and deployment projects and a diverse and committed member base. And we’re just getting started. Our mission is to drive collective innovation that delivers transparency, trustworthiness, security, and efficiency at global scale.”
“Decentralized technologies are essential to the growth of the digital economy,” said Michael Klein, Blockchain Technology Lead at Accenture and Chair of the LF Decentralized Trust Governing Board. “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. The launch of the LF Decentralized Trust marks a critical step in building this foundation of decentralized standards and frameworks, and we are excited about the role it will play in shaping a more connected and trusted digital ecosystem.”