The Linux Foundation has announced plans for a new collaborative initiative aimed at supporting interoperability between digital wallets based on an open source code. 
The OpenWallet Foundation (OWF), as the new effort is called, is the brainchild of Daniel Goldscheider, CEO of open banking startup Yes.com, though today's announcement reveals a wide range of buy-in from many industry players, including of Okta, Ping Identity, Accenture, CVS Health, OpenID Foundation, among many other public and private entities.
With the Linux Foundation acting as the project host, this gives OWF significant leverage to more easily create a “multiple wallets based on a common core,” according to a Press release.
The news comes as regulators around the world move to support competition by enforcing interoperability across systems, including Europe which is currently trying to bring about messaging interoperability.
