- The wallets developed underneath the OWF banner should be flexible.
- The Building Blocks backs several free projects, including Linux, Kubernetes, etc.
A brand new collaborative effort to create open source to facilitate interoperability for any variety of wallet use cases premiered through the Linux Foundation, and it’ll be known as the OpenWallet Foundation (OWF).
In an announcement issued on Tuesday, the Linux Foundation announced that several technology companies, including Accenture, Avast, and also the Open Identity Exchange, in addition to standardization organizations and representatives in the public sector, have previously expressed their support for that initiative.
Great Development Opportunites
Rather of making a person digital wallet, they will focus on creating a wide open-source software engine you can use by other groups and companies. The wallets developed underneath the OWF banner should be flexible enough for use for such things as verifying identities, making and receiving payments, and monitoring digital keys.
Cryptocurrency wallets, for important in the current digital economy, are another illustration of potential use. The OWF’s goal would be to make it easy for a multitude of applications to keep and retrieve digital credentials and assets with little friction for finish users. When requested concerning the possible applying the OWF free engine, Dan Whiting, Director of Media Relations and Communications in the Linux Foundation mentioned.
The Linux Foundation began in 2000, and also, since then it is the most crucial organization to add mass to open-source software, hardware, standards, and knowledge. The Building Blocks backs several free projects, including Linux, Kubernetes, Node.js, and Hyperledger, a company-focused blockchain endeavor.
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