If browsers were the engine driving Web 1.0 and apps defined Web 2.0, data lifecycle management company Inrupt believes that digital wallets will drive a user-centric Web 3.0 that embraces management of regulated and sensitive financial, healthcare, personal and other data. Approximately 50% of the adult population worldwide already uses a digital wallet of some kind, mostly for payments, commerce and loyalty, and that number grows steadily. In time, use cases will expand.

Inrupt’s goal is to preserve the privacy of data and provide a person with control over...