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Kudelski launches dedicated Blockchain unit

Kudelski Security, the cybersecurity division of the Kudelski Group has launched Blockchain Security Centre (BSC), making available its cryptography expertise for the evolving blockchain developer community. The BSC will provide new offerings and has a concrete roadmap to develop foundational technologies that help integrate security into and around blockchain solutions for enterprises and within public/private sectors, according to the company.

Kudelski said that Blockchain has the potential to revolutionise business capabilities, creating new avenues of efficiency and supercharging technology applications across all industries and sectors, citing a Gartner prediction that blockchain-enabled business will deliver revenues of US$3.1 trillion by 2030.

Work within this space includes public blockchain coin design and implementation, point of sale technology development, audits of application code, protocol creation and cryptographic algorithms for industry players in the crypto currency, digital communications and IoT markets.

The Kudelski BSC will develop a suite of expanded cryptographic solutions, full-stack enterprise blockchain security recommendations, and developer tools to support the entire blockchain ecosystem.

Rich Fennessy, CEO of Kudelski Security said “Enterprises are exploring the technology in earnest, and new blockchain-based solutions are being developed every day. Leveraging our cryptography expertise and experience in blockchain security consulting, we have made it our mission to improve blockchain security so that emerging solutions enhance overall enterprise cybersecurity, rather than generate new vulnerabilities.”

Scott Carlson – former director of systems security strategy at PayPal and CISO of blockchain-based financial system Sweetbridge, who has been appointed to spearhead Kudelski Security’s security efforts in the blockchain space, said: “It’s a myth that blockchain is inherently secure. While transactions on a blockchain are protected by proven mathematics, security is quite often forgotten and not necessarily integrated into the associated applications, processes, systems and technology. This is where we come in. We help companies operating in the digital finance, communications and IoT space secure their products using tested methodologies and common-sense approaches, to deliver better performance and greater trust to the end user. We do not simply look at the code; we work with the entire set of components present with an ecosystem of manufacturers, end-users, enterprises, and code-creators.”