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Conectric and Black Buffalo partner on IoT blockchain
- April 1, 2020
Conectric Networks, a Californian wireless IoT start-up, and New York-based Black Buffalo have agreed to collaborate on delivering IoT blockchain fusion technologies.
Black Buffalo is an artificial intelligence and IoT smart systems firm and a member of South Korea’s Hyundai BS&C family of companies. Its main offering is operational and includes blockchain enabled smart systems for IoT product manufacturers.
The two companies are working together to:
- Secure massive real-time IoT sensor data with smart contracts in public-private hybrid blockchain software;
- Provide middleware over blockchain to integrate IoT sensor data, operational systems and analytics platforms for defence, telecoms, building operators, industrial factories and ESG reporting; and
- Integrate smart city applications using blockchain across municipal boundaries and disparate operational and data management vendors.
Black Buffalo’s technology caters to smart cities, homes, factories, offices and buildings. It provides a spectrum of services and systems to assist IoT and M2M transaction security, safety, functionality, and transaction payment processing.
“This partnership allows both Conectric and Black Buffalo to provide innovative and immediately practical solutions to enhance the tech stack for IoT devices within all ecosystems,” said Michael Woods, CEO of Black Buffalo. “Hyundai BS&C has made extensive progress globally with these smart solutions and, with the assistance of Conectric, we can now provide this value domestically in the USA with scalable and sustainable opportunities.”
Black Buffalo’s market demand has been strong globally within cities, factories, homes and apartment buildings. Conectric’s scalable wireless sensor private networking and sensor pack devices provide for Black Buffalo’s domestic entry into these highly scaled, sensor dense and security conscious business environments.
“This will completely change the IoT security paradox by providing a simple and practical solution for keeping business and enterprise IoT data secure,” said Conectric CEO Phillip Kopp. “Additionally, we see a great application for the blockchain as middleware, enabling interoperability between smart city platforms and even cloud providers. This will finally allow different municipal governments to communicate data across a standardised layer and provides citizens with seamless benefits from one block to another. We have multiple pilots planned for 2020 and expect this will be available to channels before next year, finally solving these substantial industry problems.”
Conectric and Black Buffalo are performing technical integrations and testing. They plan to launch the combination before the end of the year, making it commercially available to global customers.
Conectric Networks provides real-time wireless mesh technology enabling billions of battery-powered sensors, devices, software and artificial intelligence to communicate autonomously. The technology is found in wireless sensors, routers and an open edge API used by data centres, smart buildings and carrier IoT.
Black Buffalo is the New York based, US affiliate and member of the family of companies for Hyundai Business Solutions & Consulting, based in Korea. Black Buffalo has two main business lines that focus on the centre between AI and blockchain research and development – smart IoT blockchain-enabled systems and smart 3D construction printing and services.