Mike Gault, CEO of Guardtime said:
“Randy’s combination of deep domain expertise in cybersecurity as well his extensive career working with the US DOE will put him in a very strong position to lead our energy business and bring innovative blockchain based cybersecurity solutions to energy companies.”
Guardtime was recently awarded a contract with the US DOE’s premier energy grid
lead, the Pacific Northwest National Laboratory, to address
numerous challenges in modern Energy Delivery Systems(EDS). Mr.
Bishop’s appointment is key to accelerating blockchain cybersecurity technology
adoption to help secure distributed energy resources at the grid’s edge,
increasing the trustworthiness and integrity of complex energy exchanges.
The recent award teams Guardtime, Pacific Northwest National Labs (PNNL), Washington State University, Tennessee Valley Authority (TVA), Siemens and the U.S. DoD Homeland Defense and Security Information Analysis Center (HDIAC) to help modernize the U.S. energy infrastructure. The speed, size and complexity of energy data and transactions is increasing exponentially, and to help overcome these challenges, Guardtime’s KSI Blockchain technology is positioned to provide a unique value proposition to help optimize and secure these critical data sets.
Randy Bishop said:
“I’m looking forward to working with the team at Guardtime, as well as our strategic partners, to develop and deliver the next generation of cyber resilient infrastructure so desperately needed in today’s power grids. Our approach relies not on secrets, but on the immutable verification of the supply chain of software configurations that make up a network.”
Bishop will lead the a team in researching,
designing and delivering Guardtime solutions to protect the energy
infrastructure from emerging cyber threats and enhance the reliability and
resilience of critical energy systems. Some areas of immediate focus will
- Real time response to unauthorized
attempts to change critical EDS data, configurations, applications, and network
appliance and sensor infrastructure.
- Autonomous detection of data anomalies
and reduces burden with normalized evidence across a unified timeline for
- A data exchange platform using smart contracts for the automated trading and settlement of contracts in the electricity production value chain.