Open Source is widely applied across many industries, with the most prominent being Software.
Open Source follows the principle of jointly working on a project living in the public space. While collaboration will be valued by everybody, it will not always be easy to achieve collaboration.
Benefits
The benefits of open source of LF Energy CoMPAS or any context are:
- Increased use-case robustness, due to multiple roles, companies, and perspectives defining them
- Reduced cost, due to work load being shared among the community & lowering market entry barriers for new vendors
- Larger user base because the specification is modular and applicable to markets world-wide
- Increases attractiveness, due to applicability of larger economy of scales
- Enables ecosystem, of additional devices and applications
- Always up-to-date, lessons learned from all parties are published and thereby continuously update the specification