Xage, the startup focused on making industrial infrastructure better, secure, and efficient, has recently announced its support towards hierarchical blockchains. They believe that in today’s age, when the devices and equipment can be accessed remotely, introducing solutions allowing control over industrial devices may create a better environment for the workers. The company has been working with oil & gas companies, utilities, and energy industry, and manufacturers to ensure better security while operative their massive devices.
Duncan Greatwood, Xage’s CEO, explains that with the introduction of hierarchical blockchains, they will have better control over the devices installed by their customers globally. This will further boost the blockchain revolution that has already been creating waves since its inception. The idea is to introduce a local blockchain, which will relate to the global component to handle different types of complexities. The new process enables customers to define and enforce their security policies and then do it on the blockchain. By connecting individual entities to one main unit, Xage has decomposed the complex process into simpler steps. While conventional blockchains do not allow separation through the new independent blockchains, customers can continue to write in the case of separation from the global blockchain. It gets integrated with the global blockchain as soon as the reconnection happens.
Greatwood also emphasized the new concept of a supermajority, allowing rule imposition only when the entity gets the majority of both nodes. So, even if the company has lesser nodes, then it is also protected unless it agrees to participate in the write to the ledger.
Another significant achievement of this new process is scaling improvements. Through the hierarchal blockchains, Xage has also been reduced computing requirements by over 10X times. It has always managed to be at the forefront of making technological developments to ensure optimization of blockchain-based processes, and with this new system, a lot of ambiguity will get resolved over time in the industrial sector.
