- The ToIP Foundation will use digital identity models that leverage interoperable digital wallets and credentials
- The Linux Foundation’s open governance model will enable the ToIP Foundation to advance a combination of technology and governance standards
Governments, nonprofits, and private sectors across finance, health care, enterprise software have joined hands with Linux Foundation to improve universal security and privacy protocols for consumers and businesses in the digital era. The ToIP Foundation is being developed with global, pan-industry support from organisations with sector-specific expertise.
Businesses today are struggling to protect and manage digital assets and data. This happens especially in an increasingly complex enterprise environment that includes the Internet of Things (IoT), Edge Computing, Artificial Intelligence. It results in increasing the already low consumer confidence in the use of personal data. It is slowing innovation on opportunities like digital identity and the adoption of new services that can support humanity.
Interoperable digital wallets and credentials
The ToIP Foundation will use digital identity models that leverage interoperable digital wallets and credentials. It will also use the new W3C Verifiable Credentials standard to address these challenges and help consumers, businesses, and governments to better manage risk, improve digital trust, and protect all forms of identity online.
Jim Zemlin, executive director at the Linux Foundation said, “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. 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.”
Open governance model
The Linux Foundation’s open governance model will enable the ToIP Foundation to advance a combination of technology and governance standards. It will help to build digital trust in a neutral forum that supports pan-industry collaboration. This open governance model that can be integrated into the development of the standards for digital trust is essential where business, legal and social guidelines for technology adoption impacts human trust and behaviour.
The ToIP Foundation will initially host four Working Groups. The Linux Foundation said, “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. The Utility Foundry Working Group and the Ecosystem Foundry Working Group will serve as communities of practice for projects that wish to collaborate on the development of ToIP utility networks or entire ToIP digital trust ecosystems