Project by Verizon Business
- Verizon Business is leveraging blockchain for new services in its security portfolio: Verizon Identity (VID) and Verizon Machine State Integrity.
- Verizon Business customers can use Verizon Identity (VID) is aimed at B2B clients, who want to offer their users reliable and decentralized identity solutions. VID comes with a bunch of cutting edge solutions like AI for biometric protection as well as VPN authentication and Password-less authentication. It’s also aligned with industry standards including NIST SP 800-63-3, GDPR and FIDO2.
- The Verizon Machine State Integrity empowers industrial clients with granular and tamper-proof ledger with machine events. It decreases security operation costs and provides a reliable and granular ledger with all machine events and state changes almost in real time.
Blockchain, AI, IoT
Telecommunication, Security, Identity, Industry 4.0
What is Blockchain?
Blockchain is an IT technology which can be best compared to a database. You can write informations into the blockchain, much like you write information in a database or your Excel spreadsheet.
Other than your regular database a blockchain is stored (a) on multiple computers which are owned by independent parties, (b) the information inside the blockchain can only be added, never deleted (note: this is also true for write-only databases) and (c) the conflicts in different states of the blockchain are solved by computers (with the so-called consensus algorithms) and not by human intermediaries.
Why offering a decentralized identity?
With a decentralized identity the end user can store their identity data on their own device as opposed to a foreign server. In this use case the user can control whom they want to give access to the identity data. The company offering this service also benefits from an infrastructure wich can’t be hacked as easy as centralized servers.
Cybercrime is a daily threat to every organization and government across the globe. Our 2019 Data Breach Investigations Report highlighted that financially motivated cyberattacks are increasing across the board, and that C-level executives are increasingly and proactively targeted by social breaches, linked to (for example) stolen credentials. Now, more than ever, organizations need to be thinking differently about security, and leveraging cutting edge technology to help mitigate against cybercrime. These Verizon solutions offer a significant step forward in cybersecurity protection.