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Poor choice in name.. and how they can TM lightwave is beyond me. LightWave is a registered trademark of NewTek Inc.
Yeah my first thought was VMware bought LightWave??
You can ™ anything you like. That doesn't make it valid. You have to file to ® and that's more enforceable. I say more because USPTO just accepts your filing and its up to you to enforce it with lawyers and courts.

Maybe NewTek licensed to VMware. Maybe they didn't. In any case, NewTek has to get involved to prevent us all being confused...

Waiting for Oracle 3DSMax now. :)
"Project Lightwave is an open source project comprised of enterprise-grade, identity and access management services targeting critical security, governance, and compliance challenges for Cloud-Native Apps within the enterprise. "

oh ... that's what it is ...

?????

"Through integration with Project Photon, Project Lightwave can provide security and governance for container workloads."

Do you have container workloads ? Are you sure ? Then you should probably check Project Photon too ;-)

Judging by the "container workloads" thing I guess it's related to Docker and the likes. But it could very well be about sending crap in boats from port A to port B ...

For anyone working in the lucrative space of backasswards, miserable enterprise IT systems, this is really easy to understand. However, because it's so broad in actual scope of what it actually does (no actual law / compliance standards mentioned like PCI, HIPAA, FIPS, etc), it is really just a marketing headline. Tack on a bunch of standards like Kerberos, OAuth, LDAP, etc. and most people that are the target audience will roll their eyes and just write the project off as neckbeard-ware because they don't have a peer that they can talk about high level enterprise BS with.

Basically, the point of the project is to make it easier for programs written by folks like the usual HN reader (not J2EE enterprise crapware) to be compliant with the needs of Big IT that is primarily focused around security and consolidating herds of acquired and bought applications while being able to say that these services all meet different regulatory requirements with a straight face. This is quite different of an approach than most in that this is open sourced, not some proprietary thing made by a system integrator nobody on HN would recognize.

Disclaimer: I've been pitching and writing stuff like this as an engineer for years, so I am probably biased a lot.

This may be the highest ratio of buzzwords to meaning that I've ever seen. It took three or four reads to figure out what this is ... i think...
What an unfortunate name...