Yesterday, OpenWallet Foundation (OWF) launched.
The OWF is a consortium of companies and non-profit organisations collaborating to drive global adoption of open, secure and interoperable digital wallet solutions as well as providing access to expertise and advice through our Government Advisory Council.
The OWF aims to set best practices for digital wallet technology through collaboration on standards-based OSS components that issuers, wallet providers and relying parties can use to bootstrap implementations that preserve user choice, security and privacy.
The recording of the launch event is available below. Unfortunately, my internet connection was unusually freaky1, so a part of my one-minute statement did not get through. Here is the manuscript of what I was saying:
Congratulation to OpenWallet Foundation for the successful launch.
(source) Nat Sakimura’s statement at the OWF launch event
I am Nat Sakimura, the chairman of the OpenID Foundation.
User-centricity and privacy is the core principle of OpenID Foundation, which is a technical Standards Development Organization regarding digital identity. Like browsers were 15 years ago, Wallets are now at the forefront of achieving the principle. However, just being wallets mediated does not achieve it. We need trust in the code of wallets. The transparency provided by Open Source implementation is essential to achieve this. We look forward to working with Open Wallet Foundation.
More information on OpenWallet Foundation can be found at https://openwallet.foundation