OIX is an associate member of the Open Wallet Foundation (OWF). This new, collaborative effort will develop open source software to support interoperability for a wide range of wallet use cases, including making payments, proving identity, storing validated credentials such as employment, education, financial standing, and entitlements — to enable trust in the digital future.
The OWF will not publish a wallet itself, nor offer credentials or create new standards. Instead, its open source software engine aims to become the core that other organizations and companies leverage to develop their own digital wallets. The wallets will seek feature parity with the best available wallets and interoperability with major cross-border projects such as the EU’s Digital Identity Wallet.
OIX’s vision is that users can manage and share their trusted credentials anywhere around the globe. This vision can be delivered by the user choosing a secure wallet that is ‘smart’, that dynamically adapts to the rules of any credential acceptor.
The Open Wallet Foundation will create the foundational components that technically enable our vision, whilst our new Open Policy Rules Exchange Framework (OPREF) being created by our Global Interoperability Working Group will enable the communication of policy rules to wallets by Issuers, Trust Frameworks and Relying Parties.