The Linux Foundation has announced plans to launch the OpenWallet Foundation. The OWF is a collaborative effort between companies in the technology and public sector, as well as stakeholders within the blockchain ecosystem.
According to a press release, the main goal of the OWF is to build a multi-purpose open source engine that anyone with the technical understanding can use to build safe, secure and privacy-protected interoperable wallets. The foundation also said it seeks to establish best practices for digital wallet technology.
Rather than creating a digital wallet itself, the foundation will focus on building an open-source software engine that other organizations, companies and developers can use to create their own multi-use digital wallets.
Joining Linux Foundation in this endeavor are other renowned companies like CVS Health, The Open Identity Exchange, Okta, OpenID Foundation, Ping Identity, polypoly, Procivis AG, Transmute and Trust Over IP Foundation.
