Linux Foundation Announces the OpenWallet Foundation To Develop Interoperable Digital Wallets (techcrunch.com) 17
The Linux Foundation has announced plans for a new collaborative initiative designed to support interoperability across digital wallets, built on an open source bedrock. From a report: 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 broad gamut of buy-ins from multiple industry players including Okta, Ping Identity, Accenture, CVS Health, OpenID Foundation, among several other public and private bodies. With the Linux Foundation serving as the project's host, this gives OWF sizeable clout as it strives to enable what Goldscheider calls a "plurarity of wallets based on a common core," according to a press release. The news also comes as regulatory bodies across the globe are moving to support competition through enforcing interoperability across systems, including Europe which is currently trying to make messaging interoperability a thing.
openwallet (Score:2)
Clout that matters? (Score:4, Interesting)
With the Linux Foundation serving as the project's host, this gives OWF sizeable clout
What's largely missing from the list are entities with the clout to actually make it viable. The challenges of such a system are less about the technology and more about the business relationships and device ownership.
So if I saw Apple, Google, Visa, Mastercard, or just a ton of huge merchants on it, I'd think they have a shot.
Linux Foundation clout does not really add value in this context.
Re: (Score:2, Insightful)
That's because Apple, Google, Visa, MC, Amazon, PayPal, etc. don't want any sort of open anything.
That they were able to get CVSHealth on board is telling... and helps to explain their selling off of PayFlex.
Now, if they're able to get Walmart, Krogers, McD's and a few other major retailers to sign on, and updates needed to iOS and Android, Point of Sales terminals, etc. they may be able to get some momentum.
Sincerely, Good luck to them! We could use some good competition in this space.
Great ... (Score:1)
... another standard.
https://xkcd.com/927/ [xkcd.com]
Marketing tip (Score:3)
If you want to promote the idea this platform is rock solid secure, don't call it "open wallet."
Buy your grandmother and iPhone (Score:1)
Instant messaging (Score:3, Interesting)
If they were smart, they wouldn't try to push the garbage known as RCS which relies on carrier support. Why would messaging relies on carriers in 2022? Either it's good old SMS, or it's data-based in which case the carriers have no say in this.
Re: (Score:2)
Either it's good old SMS, or it's data-based in which case the carriers have no say in this.
RCS is data based. However, SMS still works as a graceful fallback. I think it's a good thing to have a real replacement for SMS that doesn't involve hardware vendor lock-in. It's the only thing that can work across any carrier and any hardware that can still fall back to SMS because the phone number is the identifier.
If you want messaging without ANY carrier support there are already options for that and RCS isn't trying to take their place.
Re: (Score:2)
According to a lot of comments here [slashdot.org], RCS is not a good choice and as usual Google are doing things half-baked.
Only by Apple fanbois. The main problem seems to be that making messages cheaper/easier increases spam potential.
Not sure if RCS stops the # being spoofed but legal recourse could cut out a lot of the spam.
Not again (Score:2)
Re: (Score:2)
Microsoft Joins the Linux Foundation (2016) (Score:2)