Linux Foundation Announces Intent to Form the OpenWallet Foundation
DUBLIN, Sept. 13, 2022 -- The Linux Foundation, a global nonprofit organization enabling innovation through open source, today announced the intention to form the OpenWallet Foundation (OWF), a new collaborative effort to develop open source software to support interoperability for a wide range of wallet use cases. The initiative already benefits from strong support including leading companies across technology, public sector, and industry vertical segments, and standardization organizations.
The mission of the OWF is to develop a secure, multi-purpose open source engine anyone can use to build interoperable wallets. The OWF aims to set best practices for digital wallet technology through collaboration on open source code for use as a starting point for anyone who strives to build interoperable, secure, and privacy-protecting wallets.
The OWF does not intend to publish a wallet itself, nor offer credentials or create any new standards. The community will focus on building an open source software engine that other organizations and companies can leverage to develop their own digital wallets. The wallets will support a wide variety of use cases from identity to payments to digital keys and aim to achieve feature parity with the best available wallets.
Daniel Goldscheider, who started the initiative, said, "With the OpenWallet Foundation we push for a plurality of wallets based on a common core. I couldn't be happier with the support this initiative has received already and the home it found at the Linux Foundation."
Linux Foundation Executive Director Jim Zemllin said, "We are convinced that digital wallets will play a critical role for digital societies. Open software is the key to interoperability and security. We are delighted to host the OpenWallet Foundation and excited for its potential."
OpenWallet Foundation will be featured in a keynote presentation at Open Source Summit Europe on 14 September 2022 at 9:00 AM IST (GMT +1) and a panel at 12:10 PM IST (GMT +1). In order to participate virtually and/or watch the sessions on demand, you can register here.
For more information about the OpenWallet project and how to participate in this work, please click here.
About the Linux Foundation
Founded in 2000, the Linux Foundation and its projects are supported by more than 3,000 members. The Linux Foundation is the world's leading home for collaboration on open source software, hardware, standards, and data. Linux Foundation projects are critical to the world's infrastructure including Linux, Kubernetes, Node.js, ONAP, Hyperledger, RISC-V, PyTorch, and more. The Linux Foundation's methodology focuses on leveraging best practices and addressing the needs of contributors, users, and solution providers to create sustainable models for open collaboration.
Source: Linux Foundation
