Mike Gault, CEO of Guardtime said:
“Our ambition is to become the category-defining company in enterprise blockchain. Over the last years we have quietly and methodically worked with partners, leveraging our technology stack and built product that solves actual industry problems in verticals as diverse as defense, insurance, telecom, public sector and life sciences.
This investment is an important milestone for our company and will enable us to invest in the sales and marketing to build a global brand. We have been working with SICPA over the last two years as a joint venture partner and we are looking forward to building a closer relationship as both a partner and investor in the years to come.”
SICPA’s spokesperson, Christine Macqueen, said:
“SICPA is delighted to have deepened its partnership with Guardtime which it regards as a leader in blockchain with multiple applications.
The partnership between our two companies demonstrates our joint commitment to innovation and embracing the best in emerging technologies. It is a boost to the region which has a dynamic ecosystem of exciting start-ups and tomorrow’s leaders in the rapidly developing economy of trust.”
Some of the examples of Guardtime businesses, utilizing the KSI blockchain technology stack and built with partners, include:
SICPA-Guardtime is joint venture between SICPA and Guardtime in eGovernment combining the expertise of SICPA in physical authentication and Guardtime’s expertise is digital technologies. The joint venture was founded in 2017 and is working with a number of governments and international organizations around the world.
Insurwave is an equity joint venture between EY and Guardtime to digitize and automate processes in commercial insurance, a 500BN USD market that is yet to take full advantage of the benefits of digitization. The Insurwave platform went live in 2018 with clients including Maersk and Willis Towers Watson. Its benefits include speed and accuracy for settlements and claims, bringing risk closer to capital and improves capital requirements under Solvency II regulations.
Guardtime Health is dedicated to bridging the gap between patients, providers, payers, regulators and life science companies by seamlessly enabling access to data for multiple stakeholders, delivering the secure use of a single truthful version of health data.
Guardtime Health’s HSX platform enables application development through software APIs for solutions as diverse as: access to real-world evidence and biobank data, dynamic consent management, complex clinical trials, outcomes based contracting, medication adherence, supply chain visibility for preventing medicine shortages and downstream diversion or to secure upstream active substance provenance.
Guardtime Federal (GTF) is a Delaware limited liability company established in 2014 to exclusively support the cyber security and related requirements of the U.S. Department of Defense, the U.S. Intelligence Community, other U.S. government departments and the industrial community that supports these U.S. government organizations.
To mitigate any potential for inappropriate foreign influence, GTF operates independently, consistent with a pending DOD Special Security Agreement with the Defense Security Service. GTF embraces the stringent federal regulations geared to assure government customers of compliance with US security objectives. This guarantees government customers, and their other enabling Cleared Defense Contractors, issues like FOCI have been successfully mitigated ensuring protection against inappropriate disclosure of export controlled, OPSEC sensitive and classified information.
Guardtime Cybersecurity’s flagship product MIDA represents a new approach to security where every digital asset (firewall rules, configuration files, virtual machine images) is wrapped in a cryptographic container, not parsed or indexed. This cryptographic container is immutable and provides the integrity and provenance information for that underlying asset. Any change in that asset that is outside of policy can be detected and resolved by automated mitigation within seconds, decreasing resources used and dependence on traditional log analysis and anomaly detection tools.
Guardtime Audit and Compliance is dedicated to disrupting the audit and compliance industry which remains in the dark ages of manual processes that are costly and only valid for a single point in time, typically once a year. Example solutions that have been built and deployed in production by the Fortune 500 include "data rights management" i.e. providing consent rights to citizens for the use of their data and "dynamic attestation of compliance" for cloud infrastructures, simplifying the audit process for CISOs who are migrating and managing workflows in the cloud. These offerings are targeted at management and regulatory stakeholders, or auditors who can offer audit and compliance as a service, differentiating their offerings and migrating their business models through software process automation."
Guardtime Cyber Range offers a highly automated and scalable cyber range platform and a portfolio of accompanying services to help government and private sector clients increase their preparedness against cyber threats and to achieve cyber resilience through highly specialized training, exercises and evaluations.
The company won the contract in 2017 for the design of the next generation NATO cyber range and offers automated exercises for enterprise clients to access on a subscription basis, delivering a range of exercises from simple scripted attacks to highly complex scenarios based on artificial intelligence.Guardtime SCM
Guardtime SCM is dedicated to solving the challenges of modern complex supply chains for enterprises and industries such as manufacturing, food and drink, defense, life sciences, commodities, telecom and transportation. Designed to bring innovation and integrate with existing systems, Guardtime SCM's platform provides end to end provenance guarantees for problems as diverse as pharmaceutical downstream diversion, oil and gas mass balance preservation, authentication and counterfeit detection, import export compliance, excise tax automation, and many others.
Guardtime Energy was awarded a contract in 2018 with the United States Department of Energy and the Pacific Northwest National Laboratory (PNNL) to develop a blockchain-based approach to grid security to address the security implications of the convergence of the business enterprise and operational technology infrastructures. The company’s objective is to be the leading security company in the utilities industry, dedicated to solving the complex challenges facing critical energy infrastructure with blockchain based technology that protects grid data and integrated systems, along with its supporting infrastructure. More specifically the company has developed the only purpose-built grid security product that continuously monitors, secures and autonomously verifies machine state integrity of grid edge devices and critical energy data exchanges, enabling the smart grid of the future.