An estimated 11 to 23 billion smart, connected devices are in use worldwide today. Most of the critical systems of our society are now dependent on them and we are ever more vulnerable to attacks and breaches which are increasingly more frequent and affecting more and more people. Cybercrime costs society an estimated US$600B/year globally.
Security is the #1 barrier to broader adoption of the IoT, and the realization of the societal and economic benefits that it promises to bring. Device platforms from all the major vendors have had critical security flaws exposed in the last 2 years. The gravity of the problem has prompted new, sweeping cybersecurity and privacy laws, including the EU’s GDPR, California’s SB-327 and Brazil's LGPD in 2018, China’s Cybersecurity Law in 2017, and India's upcoming Personal Data Protection Bill to police the problem and impose fines. However there is no clear path for industry to fully comply with such laws.
Two of Core Semiconductor’s key technologies are its Trusted Compute Engine (TCE) and the CORE ecosystem network.
Trusted Compute Engine (TCE)
The Trusted Compute Engine’s primary functions are to protect device confidential data and to provide inherent guarantees of secure software execution. It achieves the latter primarily by ensuring that code and data has not been tampered with, and that programs execute exactly as coded by the developer. The TCE has both hardware and software components.
A critical property of both the TCE (hardware and software), the CORE Blockchain Network and design tools are that they are open source, allowing the designs to be auditable and independently verifiable as correct and secure. This is critical to gain the trust of users, as security, safety and privacy are important in almost all products. Open source leverages a large global talent pool, multiplying the efforts of any single organization, allowing faster innovation, sharing of risks, and reduced time to market.