A new partnership paves way for blockchain to an airspace area

A special IoT blockchain framework offers secure solutions even in an unsecure environment
02 March 2018   408

Today, on March 2 in Geneva a leading Swiss cybersecurity and IoT solutions company WiSeKey has announced a strategic collaboration with a California-based blockchain airspace platform developer VIMANA Global. WiSeKey has a unique blockchain framework that offers all-in-box security measures with an API that is easy to implement and effectively manages the life-cycles of devices and their respective digital certificates.

The sector of Autonomous Aerial Vehicles is growing fast, and traditional air traffic control towers are not designed to handle thousands of flights within the urban area. The resources of WiSeKey with efficient control, secure environment, optimized information processing will potentially solve the scalability and security issues of VIMANA. Blockchain technology and its peer-to-peer nature allows it to operate with big data volumes.

Security and positive identification are the key elements in peer-to-peer exchanges that power the VIMANA Blockchain Airspace platform. The combined ecosystems give us the opportunity to potentially support exciting new features in the future.

 

Evgeni Borisov

CEO, VIMANA Global

With every node (AAV) in the network connected and communicating with each other constantly, the clients will be able to just enter their destination and relax.

By combining WISeKey's Secure Element (our tamper-resistant silicon chip) and its managed Public Key Infrastructure (PKI) systems with the VIMANA Blockchain Airspace platform, we are bringing a powerful solution that increases the level of safety for IoT transportation systems, while ensuring maximum security and trust on the system.

 

Carlos Moreira

Founder & CEO, WISeKey

The first pilot cities to host the project are Dubai, Abu-Dhabi, Tokyo, Singapore, and Mumbai. VIMANA will test its aerial commuter vehicles with vertical take-off and landing.

Japan to Tighten Regulation Due to Zaif Hack

$ 62 000 000 worth cryptocurrency was stolen from the Zaif exchange few weeks ago
25 September 2018   83

Hacking of Zaif exchange is the reason for toughening control over the market by the financial regulator of Japan, Reuters reports.

The first measure taken was administrative sanctions against the exchange and its operator Tech Bureau Corp. The Financial Services Agency (FSA) has expanded the list of requirements for the latter, pointing out the need to identify preventive measures and search for the organizers of the theft.

Shortly before that, researchers of the Japanese financial company Tech Bureau Corp could not provide details of the theft of $ 62 million from the Zaif crypto exchange at the request of the FSA. The Osaka-based operator had to investigate the causes, consequences of the theft and options for compensating the victims. According to the Agency, the financial company could not cope with the task.

According to the Tech Bureau, the exchange was hacked on September 14 within a few hours. The problem with the server was discovered by the site staff on 17 September. Official confirmation of the incident and notification of the authorities was made only a day later.

Recall, the theft of $ 60 million from the Japanese stock exchange Zaif caused a surge of volatility of bitcoin. For a short time the price was able to overcome the distance of $ 400.