ETHERLive
ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.

---

24hr ---
--%
Wednesday Nov 22nd 2017
RESOURCES

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More
SUBMIT

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story

Event

Submit an event for consideration on ETHNews

Submit Event

Explanation

Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
---
--%
Home
News
Etherlive
Ether Price Analysis
Resources
Events
Contact Us

Lockheed Martin To Incorporate Blockchain Technology

By

Jim

Manning

WriterETHNews.com

The aerospace giant has contracted Guardtime Federal to provide blockchain-based data integrity systems for a multitude of applications.

Lockheed Martin, US defense contractor, set to incorporate blockchain technology into its development processes. The multibillion-dollar conglomerate is going all-in on blockchain tech, leveraging the innovation’s benefits across diverse facets of its business. It’s doing this by integrating Guardtime Federal’s proprietary blockchain technology into its systems engineering processes, supply chain risk management, and software development.

Guardtime is a natural choice for Lockheed, seeing as how they have been working together on a project to secure data integrity since 2015. According to an October 2015 press release:

“The two companies [were] evaluating solutions that fundamentally address data manipulation and data integrity challenges that arise in military, aerospace and industrial systems increasingly dependent on complex processes, software supply chains, interconnectivity and storage platforms. The demonstration, conducted at Lockheed Martin's Center for Innovation, represented the first known test specifically designed to address the threat of data manipulation in a networked mission centric environment.”

Guardtime’s business is to produce data integrity products for the US national security market. It uses a proprietary blockchain, called KSI, a permissioned blockchain that provides an immutable record of the existence, ownership, and validity of data. The company’s website describes how its blockchain tech secures data integrity, writing, “A user interacts with the KSI® system by submitting a hash-value of the data to be signed into the KSI infrastructure and is then returned a signature which provides cryptographic proof of the time of signature, integrity of the signed data, as well as attribution of origin i.e. which entity generated the signature.”

Why would Guardtime use its own blockchain instead of a public blockchain like Ethereum? The main issue, other than anonymity on a public ledger, is settlement time. Guardtime states: “In contrast to the widely distributed crypto-currency approach, the number of participants in KSI blockchain distributed consensus protocol is limited. By limiting the number of participants it becomes possible to achieve consensus synchronously, eliminating the need for Proof of Work and ensuring settlement can occur within one second.”

When providing mission critical security services to the US government, the quality of a product is of utmost importance. This is likely why Guardtime created a consortium of advanced cyber-centric businesses (Galois, ForAllSecure, and Trail of Bits) to explore relevant fields, such as vulnerability analysis, formal methods, and automated vulnerability discovery and patching. These businesses have all previously worked on advanced DARPA cyber projects.

Lockheed is currently working toward using blockchain tech to secure its developmental processes. That means increasing efficiency for back office procedures, but more importantly, it assures the veracity of delivered data. By partnering with small businesses (as is their tradition; see the Skunk Works model), Lockheed Martin expects to see improved performance in modernizing existing systems to leverage blockchain technology’s benefits.

Jim Manning

Jim Manning lives in Los Angeles and has been writing for websites for over five years, with a particular interest in tech and science. His interest in blockchain technology and cryptocurrency stems from his belief that it is the way of the future. Jim is a guest writer for ETHNews. His views and opinions do not necessarily constitute the views and opinions of ETHNews.

ETHNews is commited to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Lockheed, Guardtime or other Ethereum technology news.