CANBERRA, Australia, June 12, 2021 (GLOBE NEWSWIRE) — ZEXPRWIRE, Congruent Labs, an Australian-based cybersecurity and id administration firm, is working to disrupt the outdated cybersecurity business by making their sought-after companies accessible and inexpensive at present.
In an effort to revolutionize a important service that helps thousands and thousands of companies within the face of breaches, hacks, and data theft, Congruent Labs is leveraging the decentralized software know-how on blockchains to make affordability a actuality.
“We’re constructing the way forward for cybersecurity, id, and privateness, all bundled into one,” mentioned Timothy Quinn, Co-Founder and Managing Director of Congruent Labs. “Again in 2017, our group was uninterested in seeing the excessive prices and complexities within the cybersecurity business, which made it virtually inconceivable for any individual or enterprise to simply safe themselves. We wished to make on-line safety inexpensive and accessible – so we did.”
Two months in the past, Congruent Labs launched Signata ($SATA), a cryptocurrency undertaking designed to wrestle again management of non-public on-line data that has been seized by large tech corporations. By creating the Identification Guard & Anonymity Framework (IdGAF) along side the discharge of the token, Congruent Labs is behind a decentralized, jurisdiction-free, and privacy-preserving resolution to on-line identities.
“This cutting-edge know-how on the planet of safety will guarantee we will present a zero-trust cost, authentication, and authorization so on-line platforms can cut back the price of compliance and funds administration,” mentioned Quinn. “These methods will function utilizing widespread requirements by means of a sequence of sensible contracts and public off-chain methods.”
Congruent Labs just lately introduced they are going to combine Signata with Chainlink Oracles to energy its on-chain id administration system. The combination will construct the required linkage between blockchain id administration methods and the off-chain identification of danger for real-world use instances.
Congruent Labs can be engaged on extra initiatives with the SATA Token, together with Signata Crypto, and Signata MFA. They plan to repeatedly launch extra instruments, tokens, and companies that can change the cyber safety business ceaselessly.
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