Trust over IP Foundation

History

2020: Creation of the organization

On May 5, 2020 it became known that the state, non-profit and private organizations, including the companies of the banking sector, health care systems, spheres of the commercial software and other areas, founded consortium Trust over IP Foundation in which was engaged in development of the new standard for reliable and safe corporate data exchange. Linux Foundation will be engaged in coordination of the project.

The forming members became: Accenture, BrightHive, Cloudocracy, Continuum Loop, CULedger, Dhiway, esatus, Evernym, Finicity, Futurewei Technologies, IBM Security, IdRamp, Lumedic, Mastercard, MITRE, British Columbia and SICPA. Uchastvuyudy members became: DIDx, GLEIF, The Human Colossus Foundation, iRespond, kiva.org, Marist College, Northern Block, R3, Secours.io, TNO and Arkansas State University.

Announced Linux Foundation development of the standard for safe data exchange on the Internet

The companies make efforts for protection and digital asset management and data today. It is especially difficult to do it in the conditions of constantly changing and developing corporate environment including such new technologies as Internet of Things, peripheral calculations, artificial intelligence and many other things. It aggravates already low consumer confidence to use of personal data and slows down innovations in such areas as digital identification and implementation of the digital services facilitating life of people — contains in the message of consortium.

According to participants of the organization, without the new global standard providing digital trust, these trends will inevitably proceed. The consortium will use the models of digital identification constructed on digital purses and digital credentials and the W3C Verifiable Credentials standard to solve these problems and to allow consumers and it is better for state to manage risks, to increase their digital trust and to protect all forms of identification on the Internet.^[1]

Notes