Guardtime announces the United States Department of Energy (DOE) selects Guardtime, Pacific Northwest National Labs (PNNL), Washington State University, Tennessee Valley Authority (TVA), Siemens and the Department of Defense Homeland Defense and Security Information Analysis Center (HDIAC) to develop blockchain cybersecurity technology to help secure distributed energy resources at the grid’s edge, increasing the trustworthiness and integrity of complex energy exchanges.
As we modernize our energy infrastructure, the speed, size and complexity of energy data and transactions exchanged increases exponentially, noted Michael Mylrea, PNNL’s primary investigator for the project. To help overcome these challenges, blockchain keyless signature infrastructure technology provides a unique value proposition in its potential to help optimize and secure these critical data sets.
The multi-million dollar award is designed to protect the Nation’s energy infrastructure from emerging cyber threats and enhance the reliability and resilience of the Nation’s critical energy infrastructure through innovative, scalable, and cost-effective research and development of cybersecurity solutions and operational capabilities.
Guardtime CTO Matthew Johnson said:
“We are excited with this multi-year effort with PNNL to realize the potential of our technology in context of some of our nation’s most critical infrastructure protection challenges including the continuous cyber monitoring solutions to shrink incident response dwell times.”
The DOE award is intended to address numerous challenges in modern Energy Delivery Systems with a goal to increase the trustworthiness, integrity, control and security as well as automating, monitoring and auditing of complex energy exchanges at the grid’s edge.
Mike Gault CEO of Guardtime said:
“Guardtime’s KSI blockchain represents a completely new approach, one that relies not on secrets but on the immutable verification of the supply chain of software, configurations that make up a network.”