A New Cognitive Community Sets Out to Secure the IoT Collaboratively
At this week’s World Blockchain Forum in Gotham, a new model for securing IoT and IIoT networks using blockchain was introduced – one which blends cryptocurrency with tokens for encryption for enterprise projects. It’s an unusual mash-up in that the “new currency” for IT teams tasked with managing an increasing number of blockchain networks to secure endpoints in their physical infrastructure and applications.
While the Cognida Foundation has yet to launch, the new entity – the brainchild of Austin-based Windmill Enterprise – is revealing the platform and network they will go live with sometime this summer.
This is not just another blockchain – in fact, it is quite the opposite. This is a platform designed to make the administration and management of multi-blockchain environments easier for enterprises, even as those enterprises continue to flock to blockchain to make their transactions more secure, using decentralized ledgers instead of the legacy alternatives which have proven vulnerable to attack, and complicated to automate.
The control, ownership and enforcement of data are also driving enterprises, especially those subject to regulation and compliance, to look for new ways to ensure information is being monitored and, in some cases, fully monetized.