What is Key Management Interoperability Protocol (KMIP)?

The Key Management Interoperability Protocol (KMIP) facilitates the exchange of data between cryptographic key management servers and clients. It plays a key connective role in the function of crypto wallets and other decentralized products. KMIP was established by the Organization for the Advancement of Structured Information Standards (OASIS), a nonprofit consortium focused on the development and adoption of open, global information-sharing standards.