Hedera Hashgraph has become a founding premier member of the newly launched LF Decentralized Trust initiative, managed by the Linux Foundation. 

The project focuses on building decentralized trust technologies, and Hedera has contributed its entire source code, including the Hashgraph consensus algorithm and all associated tools and services. This contribution will be housed under a new project known as Hiero within the foundation.

Hedera's Commitment to Open-Source Development

In a press release dated September 16, Hedera highlighted its dedication to supporting open-source development. Hedera aims to advance decentralized systems by contributing its full codebase to the Linux Foundation. The move aligns with Hedera's longstanding commitment to transparency, decentralization, and collaboration.

Hedera's president, Charles Adkins, described this contribution as a "historic moment in the evolution of decentralized networks." He added that it sets a new standard for transparency and collaboration in the blockchain industry.

Project "Hiero" and Its Role

Hedera’s contribution will be governed as project Hiero under the LF Decentralized Trust umbrella. Hiero will have an open and inclusive framework that invites contributions from developers around the world. 

The project will enable development on a range of decentralized applications, such as wallets, exchanges, SDKs, and advanced cryptographic solutions tailored to the Hedera ecosystem. Nevertheless, Hedera's operational governance will remain under the Hedera Council to maintain integrity, security, and decentralization of the network.

As part of this initiative, Adkins will also join the Governing Board of LF Decentralized Trust, alongside representatives from major industry players like Accenture, DTCC, and Hitachi. These companies, which are already members of the Linux Foundation’s Hyperledger Foundation, are now co-founding members of this decentralized trust initiative.

While Hedera continues to develop new standards for blockchain and decentralized networks, the company also remains involved in other major projects, including its recent role as a founding member of the Decentralized Recovery Alliance, alongside Cardano developer Input Output (IOHK).