About BDATA

A cyberattack costs, on average, around $3.6 million to manufacturers and critical infrastructures. Over 50% of the damage is due to disruptions in operation by shutting down high-value machines and equipment. Less than 10% of the damage is directly related to the attack. BDATA has created digital fingerprints for IoT, Edge, and Endpoint devices to increase the equipment’s transparency and keep the cyberattack from spilling over to the Operation side. By using password-less, peer-endorsing, and zero-trust networks, BDATA helps to reduce disruptions in operation and minimize cyberattack damage.

Location: Toronto

Year Founded: 2020

Vertical: Cyber Security / Blockchain

Employees: 1 – 10

Website:  BDATA

Social Media: 

Ideal Customers

Businesses (B2B)

Problem

Our modern payment system is a distributed system at scale. With millions of payment terminals and ATMs at remote locations, it is extremally hard to monitor and manage each endpoint securely. A compromise must be made between device consistency and availability to ensure the transactions are secure and aligned across the entire system. These costs delay the availability of the service and therefore add tremendous costs to the system. At the fundamental level, it is a problem with how we deal with device management and device identity.

Core Benefits

BDATA does not use traditional certificate driven technology to identify, manage and authenticate devices. In stead BDATA create digital fingerprints for each endpoint device and monitor, manage and authenticate device using blockchain. The digital fingerprints serves as a unique identifier for each device and is used in BDATA zero trust management platform.

Milestones

in 2021, we have successfully raised our pre-seed round. in 2022, we have acquired many high profile partnerships with companies such as Intel, Asus, Advantech, Arrow, and Soracom. Currently we are establishing a sales channel partner with Scheider electric and Accenture.