According to BlockBeats, the Linux Foundation announced on June 28th its plans to establish the LF Decentralized Trust. This initiative will be based on the existing Linux Foundation blockchain and digital identity projects, supporting the rapid development of decentralized technology. Furthermore, the LF Decentralized Trust will encompass the ever-growing portfolio of Hyperledger projects and will host new open-source software, communities, standards, and specifications.
The Linux Foundation's move towards establishing the LF Decentralized Trust signifies its commitment to fostering the growth of decentralized technology. By leveraging its existing blockchain and digital identity projects, the foundation aims to provide a robust platform for the development and implementation of these technologies.
In addition to this, the LF Decentralized Trust will also oversee the expanding portfolio of Hyperledger projects. This will further enhance the foundation's role in promoting open-source software and standards, thereby contributing to the broader technological community. The trust will also host new open-source software, communities, standards, and specifications, further expanding its reach and influence in the tech industry.