Blockchain technology company, DigitalX (ASX:DCC) has entered into an agreement with MailGuard, the world’s foremost private cloud and email cyber security company.
DigitalX will advise MailGuard in the development of a Blockchain cyber security ecosystem called GlobalGuard.
GlobalGuard combines artificial intelligence (AI) and Blockchain technology to identify email-borne cyber threats
The company says global spending on cybersecurity products and servicesis expected to exceed $1 trillion by 2021.
DigitalX says the collaboration is a significant step towards commercializing GlobalGuard technology.
Shares in DigitalX (ASX:DCC) trading 1 per cent higher at 23 cents.