Linux Foundation Announces the OpenWallet Foundation To Develop Interoperable Digital Wallets

The Linux Foundation has announced plans for a new collaborative initiative designed to support interoperability across digital wallets, built on an open source bedrock. From a report: The OpenWallet Foundation (OWF), as the new effort is called, is the brainchild of Daniel Goldscheider, CEO of open banking startup Yes.com, though today's announcement reveals a broad gamut of buy-ins from multiple industry players including Okta, Ping Identity, Accenture, CVS Health, OpenID Foundation, among several other public and private bodies. With the Linux Foundation serving as the project's host, this gives OWF sizeable clout as it strives to enable what Goldscheider calls a "plurarity of wallets based on a common core," according to a press release. The news also comes as regulatory bodies across the globe are moving to support competition through enforcing interoperability across systems, including Europe which is currently trying to make messaging interoperability a thing.

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