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- Teleconsys is now part of the Touchpoint Open Builders Program.
- The startup joined this program with the help of its IOTA backed dOra protocol.
Italy-based cybersecurity solution provider Teleconsys has enlisted with the Touchpoint Open Builders Program through its IOTA drive project dOra “Distributed Oracle”. Notably, dOra is a distributed oracle for Decentralized Applications (DApps) that anchors on the IOTA Identity Framework for support. The dOra project leverages decentralized technologies and collective evaluation to achieve its focus which is to redefine IoT infrastructure security.
According to a Twitter post by Shimmer, the protocol noted that its “latest #Touchpoint project, @Cyronclad, promises to grant security to IoT infrastructures leveraging a distributed Oracle technology, @IOTA Identity and #Shimmer.”
Our latest #Touchpoint project, @Cyronclad, promises to grant security to IoT infrastructures leveraging a distributed Oracle technology, @IOTA Identity and #Shimmer. Read more: https://t.co/h8bi8AOymG pic.twitter.com/t0iPkn6Imx
— Shimmer (@shimmernet) June 8, 2023
dOra can also function as an oracle for Distributed Ledger Technology’s (DLT) smart contracts and at the same time, provide multi-party computation on its own. Distributed storage is offered as a feature on the dOra project as well and a demo has been done to confirm these capabilities.
Teleconsys developed this project bearing in mind the limitations of conventional approaches. Per the blog post, some of the limitations and vulnerabilities discovered on traditional centralized platforms are attacks, data leaks, and malfunctions at the application layer.
dOra Focus on Redefining IoT Security
Considering all these, Teleconsys decided that the most reasonable cybersecurity solution to address these crises would be to constrain critical tasks to an autonomous, decentralized system that can only be accessed on request by authorized entities.
The presence of the authorized committee makes it almost virtually impossible for all members to execute the wrong tasks. Hence, dOra was designed to solve most of these difficulties and authorize qualified individuals to carry out critical tasks independently. It offers a high level of reduced human errors as well as protection against cyber attacks.
The solution was based on the decentralized infrastructure for IoT, focusing on IOTA Identity for data authenticity. A specialized device with the STM32 U5 microcontroller, featuring an embedded “trust zone” for secure execution was designed to enforce security. Ultimately, Teleconsys is aimed at decentralizing data collection and device management in IoT solutions and the result is dOra.
Noteworthy, the function of dOra is similar to that of the IOTA Smart Contract Framework, in that it facilitates the creation of independent node committees. This committee then establishes trust through collective evaluation, hence acting as a programmable entity capable of collecting data from different sources. It then processes it using client-supplied Docker images, signing the data with distributed threshold signatures, publishing it to any destination, and storing it in separate object storages controlled by each committee member.
Each committee possesses its own identity based on the W3C DID and this includes a public key. This makes it easy for the committees to sign data and transact by combining partial signatures from its members. But these members cannot complete this task since there are no independent committee keys. On the other hand, each member signs their own produced data, and the possibility of coming up with a valid committee signature exists only if a larger percentage of members come up with identical data.
