True I/O
True I/O is a blockchain security firm based in Carlsbad, California, known for its innovative solutions in securing data and communications on blockchain networks. The company, formerly known as Total Network Services (TNS), recently underwent a rebranding to better reflect its primary product, the Universal Communication Identifier (UCID).[1]
Contents
History and Funding
Founded in 2018, True I/O garnered attention in the blockchain industry with a successful Series A funding round of $9 million. The round was led by Deal Box Ventures, a venture capital firm specializing in early-stage blockchain and Web3 companies.[2]
Products and Solutions
Universal Communication Identifier (UCID)
True I/O's flagship product, UCID, operates on the Interlife geospatial platform developed by Rypplzz. UCID is a permissioned blockchain designed to provide supply chain security for mobile and embedded devices, particularly in the Internet of Things (IoT) space. The company collaborates closely with the Telecommunication Industry Association (TIA) and utilizes the mobile equipment identifier (MEID) to uniquely identify and authenticate each mobile device.[3]
UCID's unique approach involves using the MEID as a token in the blockchain, establishing an immutable connection between the physical device and its electronic record. This allows for the creation of a secure and comprehensive history for each device, from manufacturing to end-user.
The supply chain verification provided by UCID extends beyond hardware to software, ensuring that the installed code remains unaltered. Continuous monitoring of the hash of the installed code allows for immediate detection of any attempted intrusion or software failure, enabling proactive investigation and remediation.[4]
Industry Collaborations
True I/O has been actively involved in standardization efforts within the industry. The company approached the TIA with the concept of tokenizing the globally adopted MEID, which led to their collaboration and involvement in designing the latest supply chain security standards. As a result, UCID now meets five out of the eleven standards laid out by TIA’s SCS-9001.[5]
A similar cooperative approach led to the development of the Electronic Medical Mobile Application (EMMA), marking one of the largest implementations of blockchain technology into the US government through collaboration with Forward Edge AI.
References
- ↑ https://www.prnewswire.com/news-releases/true-io-welcomes-cryptocoms-karl-turner-to-advisory-board-301791268.html
- ↑ https://www.thesaasnews.com/news/true-i-o-raises-9m-series-a
- ↑ https://www.trueio.io/blog-posts/true-i-o-ceo-thomas-carter-to-speak-at-the-palau-blockchain-summit-spotlighting-the-future-of-new-governance-and-sustainability-on-chain
- ↑ https://www.securityweek.com/blockchain-security-firm-true-i-o-raises-9-million/
- ↑ https://www.trueio.io/blog-posts/securityweek-blockchain-security-firm-true-i-o-raises-9-million
