IoT Security Provided By Startup Xage

IoT Security Provided By Startup Xage

Security in the internet of things is going to be highly demanding issue in the years to come. Thankfully fintech startup Xage (pronounced Zage) is about to revolutionize business security. What they offer is blockchain-based method, which is supposed to ease the way companies communicate without worrying about data protection.

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Security in the internet of things is going to be highly demanding issue in the years to come. Thankfully fintech startup Xage (pronounced Zage) is about to revolutionize business security. What they offer is blockchain-based method, which is supposed to ease the way companies communicate without worrying about data protection.

Xage will undoubtedly benefit from Duncan Greatwood joining their team as CEO. His is popular among the innovation technology community mostly as the entrepreneur who sold Topsy to Apple and PostPath to Cisco. His interest in Xage’s technology means that he has seen the project as a perspective one. Greatwood shared his opinion about it with TechCrunch – security is fundamental to new technology, so that is why the industry undergoes vital changes.

Blockchain is mostly valued because of the protection it offers. The core technology behind it makes it difficult for penetration. Xage’s project relies on blockchain but they mash it with other capabilities, thus achieving higher level of data protection. This happens as trusted people, machines and applications are connected in a blockchain network, which cannot be reached from the outside without a permission. The whole network works as a multilevel mechanism that stores information. At the same time it allows users to communicate with each other – policies are pushed from the cloud or locally configured.

One of the reasons why Greatwood joined Xage is that Iot security is now becoming an issue. It is getting even more challenging when we consider how many devices are interconnected. This interconnection is vulnerable to compromising if not protected properly. However, Xage’s technology makes use of the connection between the devices. In fact the larger the number of users the higher the level of security, because they generate multilevel system that is hard to break.

So far, Xage are cooperating on the Hyperledger Fabric project with IBM. They are building their blockchain technology using snippets from Ethereum as well. The product is broadly available and among Xage’s clients are ABB and Itron.

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