PALO ALTO, Calif., Oct. 10, 2019 (GLOBE NEWSWIRE) -- Today Xage Security revealed a next-generation cybersecurity solution to increase the scale of protection for trillions of industrial devices and applications across many organizations and locations at once. The company’s two new blockchain innovations – a hierarchical-tree system and conditional consensus – now enable data-rich transactions across thousands of nodes to ensure scalability in the most expansive deployments, for the first time. This enables Xage to expand its offering for customers and partners––furthering its mission to provide the secure foundation for industries at scale.
In 2017, Xage Security introduced the first and only blockchain-protected Security Fabric for industrial operations. Since then, Xage has built on its platform to develop the first tamperproof system and first universal access control for all industrial operations and devices. The company’s new hierarchical system enables multiple simultaneous updates across the Fabric, regardless of location or connectivity––and is a world-first for blockchain-protected security. Additionally, Xage has announced support for a new consensus protocol bringing “supermajority consensus” to the blockchain, so decisions can be structured to protect all participants, including those in the minority. This enables secure collaboration, multi-party governance, and verification for the rich ecosystems within major industries.
“Robust cybersecurity is the necessary foundation for Industrial IoT operations, which are growing to include trillions of devices and interactions across multiple organizations and varying sites. The Xage Fabric’s hierarchical blockchain and supermajority consensus ensure secure multi-party collaboration and governance, and improved operations and efficiency across rich industrial ecosystems,” said Xage CEO, Duncan Greatwood. “With these technological innovations, we’re creating an unparalleled level of support for cooperation and protection at scale, empowering major industries as they undergo digital transformation.”
Technical Details:
About Xage
The Xage Security Fabric is the universal security solution for modern industrial operations, creating the essential trusted foundation for every interaction, whether human-to-machine, machine-to-machine, or edge-to-cloud. The fabric protects all equipment, from new IoT devices to vulnerable legacy systems, delivering identity management, single sign-on, and access control with in-field enforcement across the industrial operation. Xage is the first and only blockchain-protected security solution providing tamperproof, non-intrusive protection and enabling efficient operations and innovation across all industries. Xage customers include leaders in manufacturing, energy, utilities, and transportation.
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