The Linux Foundation today announced plans to form the OpenWallet Foundation (OWF), described as “a new collaborative effort to develop open source software to support interoperability for a wide range of wallet use cases.”
The initiative has already earned support from several technology companies, including Accenture, Avast, and the Open Identity Exchange, as well as standardization organizations and representatives of the public sector, the Linux Foundation said in a press release Tuesday.
The effort will focus on building an open-source software engine that other organizations and companies can leverage to develop their own digital wallets instead. The idea is that the wallets created under the OWF umbrella will support a wide variety of use cases, such as identity verification, payments, and digital key management.
Possible use cases also include crypto wallets that nowadays represent a part of a broader digital economy.
“The OWF intends to enable many use cases where digital...
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