Governments, nonprofits and private sectors across finance, health care, enterprise software and more team up with Linux Foundation to enhance universal security and privacy protocols for consumers and businesses in the digital era.
A broad coalition of non-profits and private companies – including Mastercard, R3 and IBM – have gathered under the umbrella of the Linux Foundation to foster a standard for decentralised digital identity exchange over the Internet.
The Trust over IP (ToIP) Foundation is bidding to provide a common standard that gives people and businesses the confidence that data is coming from a trusted source, using a combination of interoperable digital wallets and credentials and the new W3C Verifiable Credentials standard.
Businesses today are struggling to protect and manage digital assets and data, especially in an increasingly complex enterprise environment that includes the Internet of Things (IoT), Edge Computing, Artificial Intelligence and much more. This is compounding the already low consumer confidence in the use of personal data and is slowing innovation on opportunities like digital identity and the adoption of new services that can support humanity.
„Without a global standard for how to ensure digital trust, these trends are bound to continue. The ToIP Foundation will use digital identity models that leverage interoperable digital wallets and credentials and the new W3C Verifiable Credentials standard to address these challenges and enable consumers, businesses and governments to better manage risk, improve digital trust and protect all forms of identity online.”, according to the press release.
“The ToIP Foundation has the promise to provide the digital trust layer that was missing in the original design of the Internet and to trigger a new era of human possibility,” said Jim Zemlin, executive director at the Linux Foundation. “The combination of open standards and protocols, pan-industry collaboration and our neutral governance structure will support this new category of digital identity and verifiable data exchange.”
The Linux Foundation’s open governance model enables the ToIP Foundation to advance a combination of technology and governance standards for digital trust in a neutral forum that supports pan-industry collaboration.
„An open governance model that can be integrated into the development of the standards for digital trust is essential where the business, legal and social guidelines for technology adoption impacts human trust and behavior.”, according to the Linux Foundation.
The ToIP Foundation is being developed with global, pan-industry support from leading organizations with sector-specific expertise. Founding Steering members include Accenture, BrightHive, Cloudocracy, Continuum Loop, CULedger, Dhiway, esatus, Evernym, Finicity, Futurewei Technologies, IBM Security, IdRamp, Lumedic, Mastercard, MITRE, the Province of British Columbia and SICPA. Contributing members include DIDx, GLEIF, The Human Colossus Foundation, iRespond, kiva.org, Marist College, Northern Block, R3, Secours.io, TNO and University of Arkansas.
About Linux Foundation
The Linux Foundation is dedicated to building sustainable ecosystems around open source projects to accelerate technology development and industry adoption.
Founded in 2000, the Linux Foundation provides unparalleled support for open source communities through financial and intellectual resources, infrastructure, services, events, and training. Working together, the Linux Foundation and its projects form the most ambitious and successful investment in the creation of shared technology.
The World’s Most Important Open Source Software Project
Linux is the largest and most pervasive open source software project in history. It has seen massive acceptance in almost every sector, including financial services, government, education, and even film production.
Linux is also the operating system of choice to support cutting-edge technologies such as the Internet of Things, cloud computing, and big data.
The Linux Foundation, the home of Linux creator Linus Torvalds and lead maintainer Greg Kroah-Hartman, provides a neutral home where Linux kernel development can be protected and accelerated for years to come.
Key figures
. Linux is the operating system for over 95% of the top one million domains
. More than 80% of new smartphones sold run Android, which is based on the Linux kernel
. All of the top 500 supercomputers in the world run on Linux
. Most of the global markets run on Linux, including the New York Stock Exchange, NASDAQ, the London Exchange, and the Tokyo Stock Exchange
. The majority of consumer electronics devices use Linux for its small footprint
. More than 75% of cloud-enabled enterprises report using Linux as their primary cloud platform
. Linux is the go-to infrastructure supporting the world’s ecommerce leaders, including Amazon, eBay, PayPal, Walmart, and others
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
