Nodle acquires Brickchain to secure IoT networks
March 17, 2020
California-based Nodle, which is building a Bluetooth connectivity service for the IoT, has acquired Brickchain to help IoT manufacturers, large enterprises and smart cities comply with GDPR and CCPA data privacy regulations and build a more secure IoT network.
Brickchain, based in Stockholm, is a specialist in securely managing and protecting identities. Brickchain’s infrastructure provides a safer way for users and consumer electronics manufacturers, as well as government institutions, convert devices and user activity into cryptographic facts with proof and record of what happened. Brickchain has raised $3m in funding.
As part of the acquisition, Brickchain founders Declan Caufield and Lars Larsson will join Nodle. Caufield will reinforce the management team as head of security and privacy, and support Nodle’s efforts to productise and market its security protocol to large enterprises, consumer electronics manufacturers and governments in the IoT space. He will additionally oversee Nodle’s compliance with the new regulations around privacy.
“Brickchain is a timely acquisition for Nodle that will further enable and accelerate Nodle’s continued rapid growth,” said Caufield. “Brickchain can provision services, applications and identity through its self-sovereign jurisdictions, called Realms. This truly distributed architecture transcends blockchain’s limitations by providing exceptional scalability, without compromising data privacy.”
Larsson, an infrastructure architect and developer, will join the engineering team and work on the integration of the Brickchain protocol into the Nodle infrastructure.
“Brickchain is a secure federated application framework and protocol that provides service providers, for example manufacturers, users and devices with a robust trust mechanism,” said Larsson. “It is massively scalable by design, as each Brickchain Realm can establish its own independent relationship with trusted shared services while maintaining end-to-end user privacy, something that is extremely hard to do with blockchains. It is a great fit with Nodle’s infrastructure and chain.”
Even with the massive number of hacks, scandals and privacy laws being enacted globally, there is no industry standard, and secure access control in today’s IoT infrastructure to authenticate devices and encrypt data in a way only users can access the data.
Mobile network operators have been selling raw data for years, and there are no guidelines or handbook on what to do to protect users’ privacy, simply because it has barely been considered.
Earlier this year, Amazon’s Ring Camera team said they would allow users to opt-out of data collection by third parties. This was only after the EFF (Electronic Frontiers Foundation) brought this to light.
“We are poised to lead the way to better manage the data generated by connected devices, dramatically increase scalability and provide enterprise customers, industrial and consumer electronics manufacturers and smart city entities with a stronger privacy model,” said Micha Benoliel, Nodle’s co-founder and CEO.
Nodle’s network, dubbed The Citizen Network, is a community of smartphones and other Bluetooth LE-enabled devices that act as secure nodes to connect and locate smart assets at low cost. Valuable data insights are gathered and interpreted for intelligent decision-making in various industries, including the financial sector.
With estimates reaching 55 billion connected devices on the planet by 2025, Nodle does not require the deployment of physical hardware. Instead, it extends the reach capabilities of wireless networks.