The Linux Foundation, the organization provides support for open source projects through financial and intellectual resources, infrastructure, services, events, and training, has launched a new data privacy project with number of cross-industry giants like IBM, Mastercard, and R3 as founding members.
The Linux Foundation made the announcement in a publication on official website on May 5th. According to announcement , this data privacy project is being managed by Trust Over IP (ToIP) Foundation. This ToIP Foundation will define a “complete architecture for Internet-scale digital trust that combines both cryptographic trust at the machine layer and human trust at the business, legal, and social layers.”
The other founding members of this cross-industry coalition include Accenture, BrightHive, Cloudocracy, Continuum Loop, CULedger, Dhiway, esatus, Evernym, Finicity, Futurewei Technologies, IBM Security, IdRamp, Lumedic, 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.
According to the Linux Foundation, business are struggling to protect and manage digital assets and data because of increasingly complex infrastructure. This is resulting in low consumer confidence and slowing down innovation on digital identities.
The announcement reads:
“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.”
The ToIP will initially host four working groups. The Technical Stack Working Group will work to build the technical half of ToIP stack. Governance Stack Working Group will be geared towards the development of Governance of ToIP.
The Linux Foundation added:
“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.”
The ToIP Foundation is also to host a lunch tomorrow, May 7, at 9AM PDT that will also a panel discussion, interoperability demonstration and live Q&A.
Jim Zemlin, executive director at the Linux Foundation, commented:
“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.”
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