Now, this is interesting.
Ping Identity is a well-known identity vendor. Basically, Ping handles authentication, single sign-on (SSO) and other identity-related functions that large organizations have. The company competes with vendors such as OneLogin and Okta. So, what is it doing investing in a formerly stealthy blockchain vendor?
It seems Ping sees blockchain as a potential disruptor for identity session management. It’s so excited about it that it is spending some of its hard-earned cash to invest in Swrlds, a new platform that is creating the “hashgraph,” a distributed consensus platform. Swrlds sees itself as solving some of the limitations that are inherent in blockchain. Swrlds contends that it delivers the three legs of the consensus stool: fairness, distributed trust and resilience to Denial of Service attacks.