This document discusses the OpenChain Project which aims to create a simple, effective industry standard for open source license compliance for organizations of all sizes. It establishes trust in multi-entity compliance through shared rules and results. The project defines best practices for compliance processes like policy, training, and tooling. It also outlines the project's status including meetings held in various regions to promote OpenChain and working groups on automotive and reference tooling. The goal is to raise awareness and simplify open source compliance.