Guardtime and Future Cities Catapult, the UK-based centre of excellence for smart city innovation today announce a partnership to develop blockchain based cybersecurity solutions for UK critical infrastructure. The partnership will initially focus on building prototype applications to enhance resiliency, security and reliability of critical infrastructure, including projects on flood defense systems, nuclear power and the electricity distribution grid.
Matthew Johnson, Chief Technology Officer of Guardtime said, "As the world becomes more connected critical infrastructure will be even more exposed to cyberattack and today those tasked with defending infrastructure do not have the tools they need to guarantee the integrity of that infrastructure. We are thrilled to be working with Future Cities Catapult to design new blockchain based security solutions that can guarantee a level of operational resiliency not previously possible."
Dr Catherine Mulligan, head of Digital Strategy and Economics at Future Cities Catapult added “Guardtime’s unique permissioned blockchain approach to large scale system integrity has tremendous potential to enhance the security of UK critical infrastructure and we are excited to work with the Guardtime team to build solutions that will play a key part in the government’s industrial strategy and showcase to the world how cities can be smarter in the future.”
The partnership will address the concerns highlighted in a recent report by Chatham House, a UK think-tank, that highlighted cybersecurity concerns around nuclear power plants, with the industry harboring a “culture of denial” about the risk of cyber hacking with many failing to protect themselves against digital attacks.
Guardtime is the first and only platform for ensuring the integrity of data and systems at industrial scale. Guardtime created Keyless Signature Infrastructure (KSI) to take on the challenges of today's perimeter-based security systems and secure the integrity of systems in today’s increasingly digital world.
Built on an industrial blockchain, KSI signs any and all data across a system, allowing independent verification of time, location and authenticity for any moment in history. Guardtime's mission is to build the essential backbone for truth, assurance and integrity for our digital societies.
Guardtime's global go-to-market partner is Ericsson, the world's leading telecommunications vendor operating in 187 countries.
For more information, please visit www.guardtime.com or follow us on Twitter @guardtime.
About Future Cities Catapult
Future Cities Catapult exists to advance innovation, to grow UK companies, to make cities better. We bring together businesses, universities and city leaders so that they can work with each other to solve the problems that cities face, now and in the future. This means that we catalyse and apply innovations to grow UK business and promote UK exports.
From our Urban Innovation Centre in London, we provide world-class facilities and expertise to support the development of new products and services, as well as opportunities to collaborate with others, test ideas and develop business models.
We help innovators turn ingenious ideas into working prototypes that can be tested in real urban settings. Then, once they're proven, we help spread them to cities across the world to improve quality of life, strengthen economies and protect the environment.
For more information, please visit futurecities.catapult.org.uk, follow us on Twitter @futurecitiescat or sign up for our newsletter to keep up to date with our news.