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From the Schneier on Security blog

I am the Chief of Security Architecture at Inrupt, Inc., the company that is commercializing Tim Berners-Lee’s Solid open W3C standard for distributed data ownership. This week, we announced a digital wallet based on the Solid architecture.

Details are here, but basically a digital wallet is a repository for personal data and documents. Right now, there are hundreds of different wallets, but no standard. We think designing a wallet around Solid makes sense for lots of reasons. A wallet is more than a data store—data in wallets is for using and sharing. That requires interoperability, which is what you get from an open standard. It also requires fine-grained permissions and robust security, and that’s what the Solid protocols provide...