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Xage Security Recognized by Leading Analyst Firms for Innovative Blockchain Protected IIoT Security Approach

By June 11, 2018 No Comments

IoT security is the prerequisite for the next major wave of industrial innovation. Without it, the rising number and scope of cyber attacks will negate the IIoT promise. With the increasing stakes, companies, governments, and journalists are focusing on cybersecurity. As the world takes note, we’re very pleased to share that Xage is being recognized for its work.

Xage has been named a 2018 Gartner Cool Vendor in Gartner’s Cool Vendors in Industrial IoT and OT Security, 2018 report. Xage was also recognized as one of the top 10 IoT startups to watch by Network World. We believe these recognitions highlight the growing emphasize on the security foundation required for IoT, particularly in critical industrial systems.

Network World’s predicts that, “As the internet of things grows, attackers will turn their attention to unsecured edge devices.” With 20 billion IoT devices expected to be operating by 2020, securing networks is a big challenge, which Xage has set out to solve with air-tight protection.

“Cybersecurity companies are losing the arms race against bad actors, especially as hostile foreign nations launch many of the attacks, so a new approach merits a closer look. … Since the system relies on blockchain, the security of a network protected by the Xage security fabric increases with additional nodes. By enforcing immutable records and distributing and sharing identical security data across the nodes in its network, Xage argues that its blockchain-based fabric is tamper-proof, redundant and self-healing.”
––From Network World’s 10 Hot IoT startups to watch; Jeff Vance; 14 May 2018.

Meanwhile, Gartner reflects on industrial security challenges:

The most powerful use cases are often the ones with the greatest security challenges — scenarios include any-to-any communications at the edge where traditional IT-centric and centralized approaches fail… the innate characteristics of blockchain technology can also increase resiliency, which can have an additive benefit to overall security.
––From Gartner Cool Vendors in Industrial IoT and OT Security, 2018; Saniye Burcu Alaybeyi, Wam Voster, Prateek Bhajanka, James McGovern, Barika L. Pace; 26 April 2018.

All industries can be both more efficient and more secure. Xage is here to protect the critical systems and sensitive infrastructure that power industrial operations at scale. We hope to see Industry 4.0 take hold and deliver on the promise of improved efficiency and development within energy, transportation, telecom, manufacturing, and more. We’re honored to be an active part of empowering this momentous new wave of industrial innovation.

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Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Xage
The Xage Security Suite is the first and only blockchain-protected security platform for the Industrial Internet of Things (IIOT). Xage creates the essential trusted foundation for secure interactions between machines, people, and data. Advancing beyond traditional security models, Xage distributes authentication and private data across the network of devices, creating a tamper-proof  “fabric” for communication, authentication and trust that ensures security at scale. Xage supports any-to-any communication, secures access to existing industrial systems, underpins continuous edge-computing operations even in the face of irregular connectivity, and gets stronger and stronger with every device added to the network. Xage customers include leaders in the largest industries, spanning energy, utilities, transportation and manufacturing.

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The current model of enterprise security is incapable of protecting Industry 4.0 with its intermittently connected, heterogeneous devices and applications, distributed across organizations and geographies. Today’s centralized IT security paradigm needs to be replaced by cybersecurity that is distributed, flexible and adaptive.