CENTRI, Swytch Partner On Internet of Things Security

Announcements, Blockchain | November 17, 2018 By:

Swytch, a blockchain clean energy platform, and CENTRI Technology, a provider of IoT data security software, have announced that Swytch will be using CENTRI’s Protected Sessions offering to ensure maximum security for devices utilizing the Swytch Open “Oracle” technology that acts as a distributed authority for tracking renewable energy utilization.

Swytch awards tokens to people, companies and other organizations that make a meaningful and measurable difference in reducing the emissions that endanger our planet. Using a reward-based system that acknowledges the efforts of all those who embrace and support sustainability by the actions that they take, Swytch changes the game in favor of renewables. Although improved renewable technology is very important, the real key to creating a more sustainable future is changing people’s behavior, both on a macro and micro scale.

“What CENTRI brings to the leading edge of the Swytch ecosystem is the means to continuously authenticate and securely communicate with Swytch-registered devices on a global basis,” said Evan Caron, CEO of Swytch. “The world has already started pricing the full cost of carbon and climate change into every day economic activities, especially in the energy sector. Existing programs meant to facilitate this process are structurally deficient and do not encompass the vast majority of carbon and people. Blockchain and tokenization can solve many of the issues with current systems and empower everyone to take a more active role in accelerating the adoption of renewable supply and sustainability programs.”

CENTRI, along with their subsidiary Atonomi, provides the ability for a variety of heterogeneous IoT devices to interact in a trusted, authenticated manor, also by using blockchain technology. And CENTRI Protected Sessions can be used on virtually any IoT device to provide a further layer of protocol and communication channel agnostic security, further ensuring a trusted IoT environment.

“What Swytch is doing is fantastic for providing verifiable data on renewable energy production and sustainable behavior,” said Robert Strickland, CEO of CENTRI. “We see increasing emphasis on sustainability metrics which will likely be a component of impact-based valuation in the future. As the world moves toward greater requirements involving sustainability and impact valuation using tools like those seen in the United Nations 17 Sustainable Development Goals, we think what Swytch is offering will be essential. But in order for this to happen, the underlying infrastructure depends on trust, and we are delighted to be working with Swytch to provide those capabilities.”