Taekion to Build Its Transactive Cybersecurity Platform on Hedera Hashgraph Public Distributed Ledger

Taekion, an AI and distributed ledger based cybersecurity platform, announced that its transactive distributed ledger will use the Hedera hashgraph distributed ledger platform.

Taekion enables connected devices to disappear from public networks and safely transact with other devices and smart contracts. It offers Entry-to-Endpoint Cybersecurity™ (E2EC) via an application funnel that eliminates threat vectors and reduces the attack surface of edge computing networks.

"With Hedera, we will build and scale a superfast transactive distributed ledger on top of our cybersecure fabric stretching across billions, then trillions of interconnected things," said David A. Cohen, Taekion's founder and CEO and Hashgraph advisor.

The Hedera hashgraph platform will offer a public, distributed ledger that enables anyone to easily develop secure, fair, lightning fast, globally distributed applications.

Cohen added, "We firmly believe in Hedera's blazing fast transaction speeds, low transaction fees, bank-grade security and governance system that will allow us to discretely build out critical infrastructure solutions into the future. Hedera will support our dual ledger approach, using our native security blockchain to identify and secure devices, and the Hedera-based distributed ledger to transfer value within the Hedera public network."

"Cybersecurity is an ideal use-case for distributed ledger technology and Taekion's application of it can potentially change the way that trillions of devices will interact securely," said Jordan Fried, VP of business development for Hedera. "With the backing of the Department of Energy (DoE) and others, Taekion is well positioned to deliver on the goal of secure device-to-device communication and we are thrilled that they have selected to build their offering on the Hedera platform."