Augmate announces first distributed IoT device management platform
“The wearable device management company and “Gartner Cool Vendor” Augmate today announced the launch of Augmate Connect, the first IoT device management platform using distributed ledger technology. IoT is expected to be a $15 trillion market by 2030, yet innovation is so rapid that privacy and data are compromised at a staggering rate. Augmate Connect introduces a scalable solution: a new, distributed ledger device layer using smart contracts aimed at creating a secure ecosystem for device connectivity.
“In the next few years, there will be 50+ billion IoT devices on the market, and managing device security in a scalable model will be of utmost importance for both enterprises and individuals,” said Pete Wassell, CEO of Augmate. “We believe that distributed ledger technology is the future of IoT device security, and we’re developing Augmate Connect to power a global ecosystem of device and human connectivity.”
While at its core a blockchain-agnostic platform, Augmate Connect will start by integrating the IOTA Tangle, a blockless distributed ledger that allows transfer of value between devices without fees. Augmate Connect will eventually integrate new blockchain protocols bringing advantage to the IoT ecosystem…”
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