#United States #San Francisco #Linux Foundation #Decentralized Trust #Digital Asset Summit

LF Decentralized Trust Welcomes New Members and Leadership

On March 18, 2025, the Linux Foundation Decentralized Trust (LF Decentralized Trust) made significant strides by welcoming five new members into its fold. The premier organization focused on promoting decentralized technology ecosystems now includes notable players such as Block Majority, Dedge Security, Interop Labs, Partior, and STPI Apiary.

In conjunction with expanding its membership, LF Decentralized Trust announced Dr. Johnna Powell as the new Governing Board Chair. Dr. Powell is the Managing Director and Head of Technology, Research, and Innovation at The Depository Trust Clearing Corporation (DTCC). Emphasizing the strategic importance of trust and innovation in the evolving landscape of financial technologies, Dr. Powell expressed, "Our goal is to cultivate an ecosystem where innovation thrives, and trust is paramount."

The announcement coincides with the Digital Asset Summit 2025, where LF Decentralized Trust showcases its community's contributions towards advancing decentralized technologies in financial services. Members such as Applied Blockchain, Digital Asset, and Oracle are participating in the event to educate attendees on the latest developments stemming from the foundation.

Moreover, LF Decentralized Trust has released a new eBook detailing the various initiatives and deployments among its members in India. The publication highlights the rapid adoption of decentralized technologies as a critical infrastructure across various sectors including financial services, trade, and governance.

Trust Over IP and Current Projects

An essential part of LF Decentralized Trust's mission is embodied in the Trust Over IP (ToIP) community, which focuses on establishing standards for trust ecosystems. The ToIP community hosts several working groups that develop specifications and best practices surrounding digital identity and verifiable credentials. Recent initiatives from the community include:

• - The publication of the first implementer’s draft for the Trust Spanning Protocol (TSP) specification, designed to promote interoperability among verifiable identifiers while maintaining authenticity and privacy.
• - The launch of the Creator Assertions Working Group (CAWG), aimed at defining assertions for content creators to clarify their intent regarding their materials, enhancing credibility and validation.
• - Upcoming public reviews of the Trust Registry Query Protocol (TRQP) Specification, which is pivotal to the efficiency and reliability of decentralized governance.

As part of the ongoing efforts to reinforce the importance of open standards, several organizations, including Futurewei Technologies and Global LEI Foundation (GLEIF), transitioned from ToIP members to general members of LF Decentralized Trust. Their commitment to driving forward the principles of decentralized trust illustrates a collaborative advancement towards developing secure frameworks and standards.

Member Contributions and Perspectives

The newly inducted members expressed their excitement about becoming part of LF Decentralized Trust. Karthick Raghavan, the Co-founder and Managing Director of Block Majority, stated that their involvement in LF Decentralized Trust places them at the forefront of driving innovation in the real-world assets space. Similarly, Rubén Jiménez, CEO of Dedge Security, highlighted their aspirations to enhance security practices in blockchain applications, marking a new chapter in Web3's ecosystem security.

Wenjing Chu from Futurewei Technologies reaffirmed the necessity of community collaboration in building foundational technologies that ensure privacy, accountability, and interoperability—core tenets that drive the future of decentralized technologies.

Alexandre Kech, CEO of GLEIF, remarked on the significance of establishing verifiable identities in the rapidly evolving digital asset framework. He noted that initiatives like the Legal Entity Identifier (LEI) will remain crucial for compliance and security as decentralized finance and other tokenized markets expand.

Conclusion

Daniela Barbosa, General Manager of Decentralized Technologies at the Linux Foundation, encapsulated the essence of LF Decentralized Trust's expansion by stating, "Our newest members are pushing us toward our goals of security, interoperability, and deepening our understanding of decentralized technologies' role in economies worldwide." With continued support from its members, LF Decentralized Trust is positioned to forge a path that amplifies innovation and trust within digital economies globally. Through collaboration, education, and the commitment to establishing robust standards, LF Decentralized Trust is dedicated to building a trusted future in decentralized technologies.