IDG Contributor Network: Ping Identity invests in blockchain vendor to create new identity standard
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.To read this article in full or to leave a comment, please click here