Shares 212 Views

Rivetz and Telefónica have begun collaboration to develop cutting edge mobile security protocols for blockchain transactions and messaging. Their solution leverages dual encryption using both the Trusted Execution Environment (TEE) built into billions of smartphones and the advanced encryption SIMs deployed by Telefónica. Dual encryption through the TEE and the SIM provides multiple layers of security to provide world-class hardware-based security for mobile users.

The collaboration will explore how to deliver a new, decentralized model for enhanced security and data controls, improving consumer applications that include secure messaging and cryptocurrency wallets. Rivetz and Telefónica will further explore new business models to simplify and automate backup and recovery and existing user identity information by enabling millions of endpoints to tap into already existing – but unused – mobile hardware security.

“Trusted computing technologies are not an end by themselves, but are an opportunity to improve mobile users’ security, providing a research and innovation framework in the context of cybersecurity,” said Sergio de los Santos, head of the Discovery and Innovation Lab at Telefónica – ElevenPaths.

The global rise of blockchain projects and IoT requires a decentralized cybersecurity model, and this collaboration will combine Telefónica’s advanced network security services through its cybersecurity unit, ElevenPaths, with Rivetz’s trusted computing and blockchain-based solutions to provide state-of-the-art cybersecurity protections.

The partners will leverage isolated roots of trust in the hardware and in the SIM to enable split-key encryption and offer state-of-the-art protection of consumer assets and data. The solution is expected to use both blockchain and trusted computing technology to provide cybersecurity controls and protection to hold multiple cryptocurrencies, assuring the digital assets and processes are protected within a device’s hardware. Rivetz and Telefónica aim to accelerate existing efforts in privacy, data compliance and security, facilitating the revolution in information integrity and assurance driven by enhancing the quality of transactions.

“Blockchain access and secure messaging are core building blocks to automating the user experience when it comes to digital services,” said Steven Sprague, CEO of Rivetz. “We’re honored to partner with Telefónica to explore how to fully leverage the embedded cybersecurity technologies of mobile to deliver next-generation data services and business models to enhance the quality of subscriber relationships.”

The Rivetz technology has been in an active beta test since January 2018, providing a strong foundation for the enhancement of security achieved by the integration of the SIM-protected key management. The enhanced solution will be integrated into Rivetz’s existing application developer solution, which will be available to select partners later this quarter. Application providers will be able to easily integrate this solution, thus increasing data security, transactional quality and value of services delivered to users through their devices. This system will provide provable cybersecurity controls on the blockchain for next-generation data compliance.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

You may be interested

business
shares10 views

Elon Musk under Fire: Why GM Could Pass Tesla as Most Valuable US Car Maker

Brian Evans - Jan 18, 2019

Billionaire Elon Musk must be feeling the heat now that General Motors appears on track to surpass Tesla to become the most valuable US car maker for 2019.…

Altcoin
shares9 views

Linux-Targeting Cryptojacking Malware Disables Cloud-Based Security Measures: Report

Brian Evans - Jan 18, 2019

New report reveals a cryptojacking virus targeting Linux servers has the ability to disable cloud-based security measures to avoid detection

Business News
shares8 views

Overstock’s Patrick Byrne Says tZERO Will Launch Next Week

Brian Evans - Jan 18, 2019

The tZERO security token trading platfrom will go live next week, says Overstock.com CEO Patrick Byrne.

Most from this category

%d bloggers like this: