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Wednesday, September 22, 2021
Home News Augmate Announces First IoT Device Management Platform Using Distributed Ledgers

Augmate Announces First IoT Device Management Platform Using Distributed Ledgers

Wearable device management company and “Gartner Cool Vendor” Augmate today announced the launch of Augmate Connect, the first IoT device management platform using distributed ledger technology. IoT is expected to be a $15 trillion market by 2030, yet innovation is so rapid that privacy and data are compromised at a staggering rate. Augmate Connect introduces a scalable solution: a new, distributed ledger device layer using smart contracts aimed at creating a secure ecosystem for device connectivity.

“In the next few years, there will be 50+ billion IoT devices on the market, and managing device security in a scalable model will be of utmost importance for both enterprises and individuals,” said Pete Wassell, CEO of Augmate. “We believe that distributed ledger technology is the future of IoT device security, and we’re developing Augmate Connect to power a global ecosystem of device and human connectivity.”

While at its core a Blockchain-agnostic platform, Augmate Connect will start by integrating the IOTA Tangle, a blockless distributed ledger that allows transfer of value between devices without fees. Augmate Connect will eventually integrate new Blockchain protocols bringing advantage to the IoT ecosystem. The Augmate Connect Platform will be activated and utilized with tokens called MATEs™ (Machine Access Token Exchange). MATEs act as usage tokens, and Augmate will continually add services including a DApp store and app store with resources for developers. This will make it easier for enterprises and consumers to manage a growing arsenal of connected devices, from one secure and streamlined platform.

Augmate was originally founded in 2014 in New York City as a B2B enterprise company specializing in wearable devices, and was recognized as a Gartner Cool Vendor in 2017. Investors include William Hickey, UPS Ventures, Simon Property Group, Tim Draper, Siemens Venture Capital, Rothenberg Ventures, and many others.

Augmate was founded in 2014 in New York City as a B2B enterprise company specializing in wearable device management and security. Augmate provides enterprises complete control over the management of their devices. The Augmate platform enables device management, user management, security, policies, and over-the-air application deployments. Augmate is now expanding from wearables to all IoT devices with Augmate Connect. For more information, please visit: https://www.augmate.io/

Augmate Connect is the first IoT device management platform using distributed ledger technology. The Augmate Connect Platform will be activated and utilized using tokens called MATEs™ (Machine Access Token Exchange). For more information, please visit:

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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