The Linux Foundation has announced plans for a new collaborative initiative designed to support interoperability between open-source digital wallets. From the report: The OpenWallet Foundation (OWF), as the new project is called, is the brainchild of Daniel Goldscheider, CEO of open banking startup Yes.com, though today’s announcement reveals a wide range of buy-ins from multiple industry players, including Okta, Ping Identity. , Accenture, CVS Health, OpenID Foundation and a number of other public and private organizations. According to the press release, since the Linux Foundation serves as the project host, it gives OWF significant leverage as it seeks to create what Goldscheider calls “a plurality of wallets based on a common core.” The news also comes as regulators around the world look to support competition by ensuring interoperability between systems, including in Europe, which is currently trying to make messaging interoperability a reality.
The Linux Foundation announces the OpenWallet Foundation to develop interoperable digital wallets
