The Linux Foundation Establishes a Trust to Oversee Decentralized Ecosystem Open Source

The Linux Foundation has created a trust that will act as an umbrella organization for open source projects in the decentralized ecosystem. The Linux Foundation Decentralized Trust (LFDT) has debuted with over 100 members, including all members of the Hyperledger Foundation, Hedera, and 13 new members.

Hedera is a founding member of the trust, joining the ranks of Accenture, DTCC, and Hitachi. Hedera is contributing its entire source code, including its hashgraph consensus algorithm, to the LFDT, which will be known as the Hiero project. Hedera source code governance will transfer to the Linux Foundation, while the Hedera Governing Council will retain operational governance of the network.