Today the Linux Foundation announced the launch of the Trust over IP (ToIP) Foundation with the aim of creating digital standards to enable parties to share data with trust. It’s about ensuring interoperability between different solutions for trusted data and digital identity.
The 17 founding steering committee members include Accenture, Evernym, IBM and Mastercard with contributing members such as DIDx and R3.
Motivations for forming the initiative were cited as the business challenge of managing digital assets and data as well as low consumer confidence with personal data. The combination, the group believes, is hampering the adoption of digital identity.
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