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Total Network Services (TNS) Secures $9M in Series A Funding

March 2023 by Marc Jacob

Total Network Services (TNS) announced a $9M Series A investment led by Deal Box Ventures, to accelerate deployment of its Universal Communication Identifier (UCID™), the world’s first blockchain-enabled service for supply chain security, device management, software licensing, and equipment tracking.

Concurrently, the company also rebranded as True I/O, reflecting the organization’s commitment to fostering trust and transparency within the global digital environment. Developed to simplify and standardize this security, True I/O utilizes the same blockchain technologies that power cryptocurrency to reimagine trust in our connected world. This preserves the value and capabilities of digital connection while mitigating the risk of cybercrime and protecting various assets. Through the integration of UCID™, we can protect transaction verification, private network and device security, as well as simple and secure payments.

UCID™ works by taking the identification number of any network-connected device and pairing a tokenized/blockchain version of that ID, storing the pertinent software, hardware, and location data needed by a given cybersecurity team. This allows UCID™ to monitor and record relevant and sensitive information using cryptographically protected distributed ledger technology. True I/O utilizes Rypplzz’ patented geo-spatial platform, Interlife®, which uniquely allows geo-fencing and other spacial capabilities within the UCID tech stack.

Security is a fundamental challenge confronting the vision of the IoT because of the heterogeneity of devices, physical accessibility to actuators, sensors and objects, and most prominently, the openness of systems that are connected to the Internet through a wireless communication medium. By protecting people and businesses from vulnerabilities through the integration of UCID™, users can apply their newfound trust to streamline business operations and drive enterprise value.

UCID™ provides real-time verification of connected devices and authorized usage. Relevant vulnerabilities at a user-specified severity level are automatically detected and recorded in both the National Vulnerability Database and Common Vulnerabilities and Exposures feed, listed in a specified UCID™ field, and can be immediately flagged for action as specified by the organization’s change management process.

Core to True I/O’s success with UCID™ has been going the standardization route. True I/O approached the Telecommunication Industry Association (TIA) with the concept to tokenize their globally adopted identification system, Mobile Equipment Identifiers (MEIDs). TIA responded positively and True I/O subsequently joined the comity to help design their latest supply chain security standards. As a result, UCID™ now meets five out of the eleven standards laid out by TIA’s SCS-9001.

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