There are four significant announcements relating to the Hyperledger community for open source blockchain projects. Today is the launch of the Linux Foundation (LF) Decentralized Trust, the new umbrella body for blockchain (Hyperledger), decentralized cryptography solutions, identity and more. Hedera Hashgraph announced it is transferring across its codebase, including the Hashgraph Consensus mechanism. Plus, there are 13 new LF Decentralized Trust members such as Hashgraph, Banco Central do Brasil, Polygon and Tata Consulting Services (TCS). Finally, Hyperledger Fabric, the blockchain that formed the initial foundation of the community, has now released version 3.0.
The launch of the LF Decentralized Trust has been planned for months. As blockchain becomes more mature, adjacent technologies are in demand, including Zero Knowledge Proofs for privacy, other cryptography, interoperability and identity. Hence, the Trust over IP Foundation for identity as well as the Hyperledger Foundation are now both part of the LF Decentralized Trust.
Thirteen additional members are joining, headlined by Banco Central do Brasil, responsible for the DREX wholesale CBDC solution which is leading the way for tokenization more broadly. DREX has been delayed as it explores privacy solutions. One of the privacy options it’s looking into is Rayls, which supports institutions creating their own permissioned Ethereum compatible subnet blockchains with secure bridges. The Rayls Foundation is another new member.
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