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The goal of OpenWallet is to create an open source tool on the basis of which anyone can create compatible wallets taking into account the best industry practices for ensuring privacy and security.
History
2022: Linux Foundation Set Up Organization to Develop Open Digital Wallet Infrastructure
On September 13, 2022, the Linux Foundation announced the creation of the OpenWallet Foundation to support the development of compatible open source digital wallets.
The goal of OpenWallet is to create an open source tool on the basis of which anyone can create compatible wallets taking into account the best industry practices for ensuring privacy and security. It will become a fundamental starting point as a standard for compatibility between wallets, making it easy to store and exchange currencies, tokens, avatars, identification data and other user resources.
Шаблон:Quote 'The idea of creating OpenWallet belongs to Daniel Goldscheider, CEO of a banking startup Yes.com. As part of the OpenWallet Foundation, we advocate for the creation of many wallets based on a common core, "he said. The consortium includes representatives from a variety of industries including Okta, Avast, OpenID Foundation, Ping Identity, Accenture and CVS Health, among other corporate players. All of them intend to create standards for wallets that will ensure security, reliability, privacy and their compatibility.
{{quote 'Universal digital wallet infrastructure will create the ability to move tokenized identities, money and items from place to place in the digital world, "said David Trait, head of metaverse continuum and blockchain global business group at Accenture, adding that having a universal tool will create a much better digital experience. }} With the development of blockchain technology, which allows for decentralization of identification and payment technologies, open-source digital wallets are taking center stage, allowing people to store and pay for digital money. They are also fundamental to a metaverse made up of interconnected virtual worlds where humans will interact with each other. The presence of digital wallets that will allow them to establish their identity and make purchases from any enterprises and companies will become the basis for the further development of this industry.[1]
Notes
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