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IDG Contributor Network: Ping Identity invests in blockchain vendor to create new identity...

Discussion in 'Network World' started by RSS, Jun 6, 2016.

  1. RSS

    RSS New Member Member

    Now, this is interesting.

    Ping Identity is a well-known identity vendor. Basically, Ping handles authentication, single sign-on (SSO) and other identity-related functions that large organizations have. The company competes with vendors such as OneLogin and Okta. So, what is it doing investing in a formerly stealthy blockchain vendor?

    It seems Ping sees blockchain as a potential disruptor for identity session management. It's so excited about it that it is spending some of its hard-earned cash to invest in Swirlds, a new platform that is creating the "hashgraph," a distributed consensus platform. Swirlds sees itself as solving some of the limitations that are inherent in blockchain. Swirlds contends that it delivers the three legs of the consensus stool: fairness, distributed trust and resilience to Denial of Service attacks.

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