The Linux Foundation to create digital wallet interoperability ZDNet

 The Linux Foundationtook place in Dublin.European Open Source Summit“September 13, local time,”OpenWallet Foundation(OWF)” was created. OpenWallet is the latest open source project to support the interoperability of various digital wallets.

leather wallet pictures

Courtesy of Matthew Miller/ZDNET

A few years ago, the term “digital wallet” also confused most people. Today, both in the real world and online, digital wallets such as Apple Pay, Google Pay and Samsung Pay are rapidly becomingIt replaces payment methods such as credit cards and cash

Moreover, digital wallets are much more than just contactless payment tools. It is replacing driver’s licenses, boarding passes and even library cards in some cases. Things that used to be in your back pocket wallet are now available in your digital wallet.

For now, it is necessary to use different digital wallets depending on the purpose. In his opening speech, OWF founder Daniel Goldscheider explained that he wanted to address these issues.

On the other hand, he said, “OWF does not intend to issue digital wallets, provide credentials, or set standards. OpenID FoundationWhereOpen Identity ExchangeWe do not intend to compete with (OIX). “Instead, we will use these standards to develop software that shares the same core that anyone can use in their digital wallet.”

The goal is to make all digital wallets interoperable. OWF also wants all digital wallets to be (obviously) secure and versatile.

Goldscheider explained, “Whether you use Google Chrome, Microsoft Edge, Mozilla Firefox, or whatever web browser you use, you use a browser engine like Blink or Gecko. Think of OWF the same way. You can get it.”

Organizations and businesses can use these open source software engines to develop their own digital wallets. Alternatively, advocates of existing digital wallets can adopt OWF’s software to enhance their digital wallets.

Companies like Accenture, Avast Software and CVS Health have already announced their support for OWF.

This article is from Red Ventures Overseasarticlewas published by Asahi Interactive for Japan.

Read ZDNet Japan’s articles every morning via email (free registration)

Be the first to comment

Leave a Reply

Your email address will not be published.