This document discusses FOLIO's support for linked data and plans to enhance it. Currently, FOLIO only supports the MARC format for source record storage but plans to support additional metadata formats like Dublin Core, VRAcore and PBCore in 2023-2025. It also plans to support entity-based data models and interchange with linked open data, including BIBFRAME. There is discussion of building out a linked data SRS or connecting to an external one. The document explores options for external linked data editing and storage and integrating with an entity management application. It proposes a prototype integrating the Sinopia linked data editor and QA lookups with FOLIO to advance linked data work.