The Linux Foundation is a global non-profit organization.announceThe plan is to launch the OpenWallet Foundation (OWF), with the goal of making it easier for companies to create wallets for themselves.
OWF is a collaboration between companies in the technology and government sectors. including stakeholders in the blockchain ecosystem. To develop open source software to support digital wallet interoperability. The software is designed to send, receive, store and monitor digital assets.
According to a press release released on September 13, OWF’s primary goal is to create a versatile open source engine that anyone with a technical savvy can use to create a secure, interoperable wallet. and protecting privacy, and the Foundation also said it would strive to create best practices for digital wallet technology.
Instead of creating your own digital wallet The Foundation will focus on building an open-source software engine that organizations, companies, and other developers can use to create their own versatile digital wallets, said Jim Zemlin, Executive Director of the Linux Foundation.
“We believe that digital wallets will play an important role in the digital society where Open software It will be the key to collaboration and security. We are delighted to host the OpenWallet Foundation and are excited about the potential of OpenWallet.”
Other well-known companies are participating, including CVS Health, The Open Identity Exchange, Okta, OpenID Foundation, Ping Identity, polypoly, Procivis AG, Transmute and Trust Over IP Foundation.
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