Intrinsic ID and Guardtime Create Blockchain-based Security Architecture for Renewable Energy Trading System Supporting Rotterdam’s ‘Digital Twin’ Initiative
Summary
The critical nature of this marketplace demands best-in-class security, including a hardware-based root of trust powered by SRAM PUF – physical unclonable function – complemented by blockchain-based distributed ledger technology. “It is a pleasure to have created a combined solution together with Guardtime for the City of Rotterdam to allow them to optimize energy utilization in a secure manner.” KSI Blockchaiin is an especially efficient method for issuing and verifying signatures which accelerates the scalability of SRAM PUF. “We are thrilled to have worked on this project together and look forward to deepening our relationship with Intrinsic ID,” said Mike Gault, chief executive officer of Guardtime. In Phase I of the joint project by Intrinsic ID and Guardtime, a cloud-based demonstrator with connected smart meters was developed, combining the core strengths of the two companies. The company was founded in Estonia in 2007, where it products are used to underpin Estonian digital society, and has since expanded with a presence in the UK, Middle East, Asia and the Americas.
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