Truth-not-Trust

ended

Logging is a universal and industry-agnostic practice, and organizations across diverse sectors are becoming increasingly vigilant about log security. Logs are the core sources for insights into the state of digital systems and are central to discovering cyber attacks. Thus, malicious actors commonly remove traces of their activities by manipulating logs. To date, the market is missing solutions that can independently monitor and verify that the logs have not been tampered with by malicious insiders or outside attackers. Without confidence in the integrity of logs, organizations are unable to mitigate cyber incidents in time as they have zero or very limited situational awareness of the occurrence and scope of cyber incidents. Guardtime AS, a pioneer in hash-based cryptography and production-grade blockchain technology implementation, has developed a breakthrough solution for log security - TrueTrail (TT). TrueTrail provides immutability and independent log verification, leveraging our proprietary blockchain technology for a decentralized trust anchor. Thereby we will bring into the market a fundamentally new approach to log security, which: • enables massive scale automated and independent log integrity assurance; • provides real-time log integrity checks and long-term log record validity; • makes any log data immutable and detects currently hidden log manipulations. We have piloted the solution and validated the value proposition with large-scale piloting with several governmental institutions as well as gained first customers from the finance sector. By completing the TNT project we can launch TrueTrail to global markets, implement a highly scalable business model, significantly shorten the sales and implementation cycles, and target new customer segments. Moreover, the SMEI funding will allow us to achieve commercial independence and technological freedom.