According to a recent release, Atonomi, the blockchain-based arm of IoT security provider CENTRI Technology, has announced the launch of its new Atonomi Network, a crypto-security protocol designed to enable advanced trust and identity validation for IoT devices. Building on Ethereum technology, the Atonomi Network will provide blockchain-based identity and reputation service to secure IoT devices like home automation systems, smart city infrastructure, healthcare IoT, and industrial sensors and controllers.
The project, backed by venture capital firm LaunchCapital, will also provide the security, identity validation, reputational trust, scalability and transaction processing speed required for billions of IoT devices to conduct trillions of device-to-device transactions.
“Building on years of CENTRI’s experience in security technology innovation and our relationships with large device manufacturers, the Atonomi Network’s protocol will create a secure ecosystem for autonomous device-to-device transactions,” said Vaughan Emery (News - Alert), CEO, Atonomi. “IoT already enhances many aspects of our lives, but the current challenges that plague security, including the absence of identity validation and device trust mechanisms, impede the way we transact and interact. By verifying the identity of individual devices via the blockchain, the Atonomi Network will help the IoT reach its full potential for scale.”
The Atonomi Network will help secure the IoT and its real world applications, the company said. The Atonomi Board of Advisors has attracted blockchain thought leaders and innovators, including Andrii Zamovsky, founder of Ambisafe; Dr. Ulf Lindqvist, Program Director at SRI International; David Fragale, former Blockchain Lead at PricewaterhouseCoopers (News - Alert); David Jevans, CEO of CipherTrace; and Rob May, Co-Founder and CEO of Talla.
Zamovsky said, “We were immediately attracted to the Atonomi vision and the advanced architecture that sets the Atonomi Network apart. IoT absolutely requires this innovative technology built on identity and trust, and this project will provide the solution needed to make IoT work.”