- Dhiway is based out of Bengaluru and was founded by technologists with extensive experience in building open source projects which scale
- The ToIP Foundation is being developed with global, pan-industry support from leading organisations with sector-specific expertise
Dhiway, India’s first Verifiable Data Exchange Platform joined the Trust over IP (ToIP) Foundation as a Founding Steering member. It will enable trustworthy exchange and verification of data between any two parties on the Internet.
Dhiway is a startup in Bengaluru. It was founded by technologists with extensive experience in building open source projects which scale. Dhiway builds data interchange systems and enables organizations to deploy governance frameworks to sustain these as sustainable digital assets.
Connect, interact and innovate
The ToIP Foundation is hosted at the Linux Foundation with the aim to create a robust common standard that gives people and businesses the confidence that data is coming from a trusted source. This will allow them to connect, interact, and innovate at a speed and scale not possible today.
Satish Mohan, founder, and CTO, Dhiway said, “Our strategic initiatives are designed to bring a higher degree of assurance to the exchange of data between peers, over the Internet and other digital networks. Our participation is aligned with our vision to make the world more transparent and trusted, using digital frameworks that can be universally referenced, understood, and consumed. We intend to contribute our knowledge and expertise towards the mission of establishing a complete architecture for Internet-scale digital trust that combines cryptographic trust at the machine layer with human trust at the business, legal, and social layers.”
The ToIP Foundation is being developed with global, pan-industry support from leading organisations with sector-specific expertise. Dhiway is the only Indian company to belong to this foundation.
Drummond Reed, interim executive director, ToIP Foundation said, “The time has never been more important to advance an integrated stack for digital trust, which is clear from the strong representation of companies across industries that are supporting this work. We’re pleased to have Dhiway contributing this work and look forward to the collaboration.”
Digital identity, verifiable credentials, and smart contracts
The authenticity and verification of data sources is a major challenge for businesses worldwide. Due to a lack of confidence, there is an impact on the adoption of key business drivers like digital identity, verifiable credentials, and smart contracts. The operational efficiency of businesses, ease of access to markets and convenience of transactions are focus areas to build through innovation and introduction of new products and technologies
The Linux Foundation’s open governance model helps the ToIP Foundation to advance a combination of technology and governance standards for digital trust in a neutral forum that supports pan-industry collaboration. It is essential to have an open governance model that can be integrated into the development of the standards for digital trust where the business, legal, and social guidelines for technology adoption impacts human trust and behaviour.
Four Working Groups
The ToIP Foundation will initially host four Working Groups. The Technical Stack Working Group and the Governance Stack Working Group will focus on building out and hardening the Technical and Governance halves of the ToIP stack, respectively. The Utility Foundry Working Group and the Ecosystem Foundry Working Group will work as communities of practice for projects that aim to collaborate on the development of ToIP utility networks or entire ToIP digital trust ecosystems.