The OpenWallet Foundation aims to support the development of interoperable digital wallets

At its I/O developer conference in May, Google announced Google Wallet – a comprehensive digital wallet app that will replace Google Pay in several regions. In addition to helping users make payments with an Android device, the new Google Wallet app lets them store everything from digital IDs to boarding passes. Shortly after the announcement, Samsung also launched the new Samsung Wallet app, which offers a similar feature set, but only for Galaxy smartphone users.

Apple also offers a similar digital wallet app exclusively for iPhone users, which can store payment cards, IDs, boarding passes, digital keys, and more. While all three wallet apps offer a wide range of useful features, they lack one crucial capability that can be a nuisance to those not fully invested in a particular ecosystem – interoperability.

While we don’t expect any of the three tech giants to open their own gated gardens to provide interoperability between their digital wallet offerings, the Linux Foundation has suggested a new consortium that might be able to help third-party digital wallet apps address this issue.

The proposed OpenWallet Foundation (OWF) is “a consortium of companies and non-profit organizations that collaborate to create an open source software suite to advance a number of interoperable wallets.” OWF aims to develop a secure, multi-purpose open source engine that third-party application developers can use to build interoperable wallets.

OWF’s open source software engine will be available to third-party developers to create digital wallet applications that support a variety of use cases, including payments, identity support, digital key support, and more.

The OWF will be shown in a keynote presentation at Open Source Summit Europe on September 14, 2022. We expect the Linux Foundation to share more details about the new consortium and the members participating in this event.

What do you think of OWF’s goal of promoting interoperable digital wallets? Prefer a third-party digital wallet app that offers interoperability over first-party offerings from Apple, Google, or Samsung? Let us know in the comments section below.

source: Linux Foundation

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