The OpenChain Project aims to create and maintain standards for open source licensing and security. It has over 1,000 company members representing trillions in market value. The project develops specifications like ISO 5230 for open source license compliance and a new DIS 18974 for security assurance. It provides free materials to help companies self-certify their supply chain processes and offers third-party certification. The project is expanding its standards, outreach, and community participation to build a more transparent and secure software supply chain.