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NowSecure raises $15 million to power up its mobile security software

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NowSecure, a Chicago-based mobile security startup that helps businesses test the safety of their applications, has raised USD 15 million in a Series B round led by ForgePoint Capital, a fund that invests exclusively in cybersecurity companies. As a result of this round, the total amount of NowSecure funding to date is USD 27 million. The funding comes as cybersecurity threats remain a constant and high priority issue for businesses, and NowSecure said it will use this money to accelerate the development of its security testing products and scale operations. NowSecure CEO Alan Snyder said, “Every business is becoming mobile first; yet millions of people are using apps on a daily basis that have major security and privacy issues. NowSecure is addressing this fundamental, global-scale problem that puts businesses and consumers at direct risk. We’re thrilled to be working with ForgePoint Capital to grow our business and empower mobile app…

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Nvidia EGX platform delivers real-time AI in GPU edge servers

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The American chipset manufacturer Nvidia is rolling out its EGX platform to bring real-time artificial intelligence (AI) to the edge of the network. Nvidia EGX is an accelerated computing platform, which boasts low-latency AI that enables companies to perceive, understand and act in real time on continuous streaming data between 5G base stations, warehouses, retail stores, factories and beyond. AI computing will occur at the edge of the network, where sensors collect data before it is sent to cloud-connected data centers. This platform is expected to satisfy the increasing demand for AI applications to assist numerous devices streaming continuous raw sensor data and is designed for high-throughput AI at the edge where data is primarily sourced to achieve instantaneous and guaranteed response times while reducing bandwidth to the cloud. According to the company, by 2025, there could be up to 150 billion machine sensors and the Internet of Things (IoT) devices streaming…

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Huawei pushes its AI strategy forward with new database and storage products

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China’s Huawei Technologies has launched new database and storage products with the aim of redefining its data infrastructure and strengthening the global presence of its cloud business. The world’s first AI-native database GaussDB supports differentiated scenarios such as private and public clouds and data services in the finance, internet, logistics and automotive sectors. Huawei’s FusionStorage 8.0 is claimed to be the industry’s best-performing distributed storage solution for supporting enterprise applications. “Humanity is entering the age of an intelligent world,” said David Wang, Huawei Executive Director of the Board and President of ICT Strategy and Marketing. “Data is the new factor of production, and intelligence the new productivity. Heterogeneous, intelligent, and converged databases will become the key data infrastructure of the financial, government, and telecoms industries.” With this new database management product, the Shenzhen-based company marks its official entry into the database field and places itself in direct competition with…

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Telefonica, Rivetz and PeerStream join for Blockchain-powered cybersecurity

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The accomplished blockchain technologies company PeerStream, Inc. has joined the partnership of Telefonica’s cybersecurity unit ElevenPaths and decentralized hardware-based cybersecurity leader Rivetz, to work cooperatively on next-generation zero trust architectures, and offer privacy and security protection for business communications. Alex Harrington, CEO of PeerStream, said: “We are excited to collaborate with such esteemed partners to build groundbreaking software that has the potential to deliver real value for a large worldwide client base. We are honored to join ElevenPaths and Rivetz in this common vision.” PeerStream is focusing on privacy and security improvements and the development of enterprise-grade communications software that is being readied to enter the market under the Backchannel brand. Backchannel incorporates a growing suite of software tools created to control secure, real-time data and messaging channels, including support for video streaming. The company’s decentralized network routing technology may operate on either blockchain or traditional distributed architectures. …

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A cutting-edge project from China Mobile – the Blockchain water purifier

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China Mobile, one of the largest state-owned telecommunications companies in that country, has designed a water purifying device powered by blockchain, thus making an explicit statement that blockchain technology is not something extraneous and out of this world, but is a beneficial high-tech solution that may be advantageously applied to ordinary household appliances. The Product Market Director at China Mobile IoT, Xiao Yi, stated: “Our goal is to also attract those who are not in the cryptocurrency or blockchain community, who may have heard of this technology but not necessarily understand it. To embrace a more mainstream adoption, we need to turn something that appears professional into something that’s very ordinary.” The Internet of Things (IoT) division within the company has developed a product with a built-in computing chip and an IoT module.  This innovative gadget collects applicable user data related to consumer behaviour habits and shares it…

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Awaiting the cutting-edge Samsung Galaxy S10 Plus

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Samsung phone fans are eagerly looking forward to the upcoming release of Samsung’s Galaxy S10 trio, including the top of the range model – the Galaxy S10 Plus. The new smartphone series is expected to be put on display for the first time at the Mobile World Congress 2019 in Barcelona next month. As we get closer to that expo date, additional details of this high-end smartphone are being revealed. Vision – Dynamic, Private, Detect The expectations are set high with three new trademarks applicable to these phones – Dynamic Vision, Private Vision and Detect Vision, which Samsung Electronics submitted for patents at the Korean Intellectual Property Office (KIPO) last December. The company is working hard on biometrics and eye movement control for the S10 series, and the advanced technology of the camera makes it possible to record videos at a speed up to 2000 frames per second. Three…

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FIX Network will store Private Keys on SIM Cards and use Blockchain to secure our digital lives

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We are rapidly evolving into a digital and decentralized society, where private keys on mobile devices will play a critical and indispensable role in ensuring the safety of our daily transactions and securing our digital identities. FIX Network are aiming to revolutionize the blockchain and cellular industries by providing mobile device users with innovative key holder and transaction security, coupled with a practical user experience. The underlying technology for securing the user’s private keys are the SIM cards used by mobile operators, enabled by the FIX Network open-source STK residing on those SIM cards. This standard SIM hardware, together with blockchain- powered, distributed policy engines that govern end-user transactions, form the architectural backbone of the FIX Network security solution. This solution introduces the concept of a pool of SIM cards, enhancing security, and at the same time, eliminating the possibility of a single point of failure. Multiple SIM…

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Telefonica and IBM partnership for international call blockchain

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The global telecom giants are increasingly acknowledging the benefits of blockchain technology.  Telefonica, a Spanish multinational telecommunications company, has signed a partnership with IBM, a leader in open-source blockchain solutions, to employ IBM blockchain technology for superior administration of international call traffic. Telefonica expects that the usage of the cloud-based IBM Blockchain Platform will help to improve the traceability of international call data, such as the origin of the call, its destination and duration. They will be able to detect fraud and address other challenges caused by the use of different networks and operators when routing international calls. Operators will have permissioned access to a decentralized platform, and perform real-time tracing of calls to achieve accurate billing processes. “This project is one of our first initiatives to secure real benefits from the adoption of blockchain in our core business. We believe that the new paradigm of process decentralization…

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HTC launches its blockchain-focused phone Exodus

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The Asian electronics manufacturer HTC has officially announced the pre-order of a product creating the latest buzz in the crypto world – their blockchain-enabled smartphone called Exodus 1. According to the Exodus website, the smartphone can only be purchased in cryptocurrency – for 0.15 Bitcoin or 4.78 Ethereum – which, at the moment, converts to around 960 US dollars. The expected shipping date is December 2018, making the Exodus phone the perfect end of year gift for blockchain enthusiasts. The new smartphone will have a 6 inch Quad HD+ display, 16 MP dual rear and 8 MP dual front cameras, a Qualcomm Snapdragon 845 processor, 6 GB of RAM and 128 GB of internal storage. Yet these usual specifications are not what makes this phone unique. The intriguing blockchain side of the phone will include a hardware cryptocurrency wallet called Zion, which was developed by HTC. To keep…

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Kakao’s Grand X launches its blockchain platform Klaytn

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Grand X, a subsidiary of the leading South Korean mobile operator Kakao, has unveiled the test version of their blockchain platform called Klaytn. At the moment, the testnet version of this service-centered blockchain platform has only been offered to 10 partners of Kakako, along with a publicly available whitepaper to outline the network potential and capabilities. If all goes well, the mainnet version of the network is expected to be launched in the first quarter of 2019. According to the information in Klaytn’s whitepaper, this network focuses on a seamless user experience for all parties, including developers and end users. “The popularization of blockchain requires providing a practical blockchain service for mass adoption thereby validating the value and utility of blockchain technology. To achieve this, Ground X has designed Klaytn that can provide an easy and friendly environment for end users, service providers and developers all at…

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