Rivetz Introduces Decentralized Cybersecurity Token to Secure Devices
RvT Token Technology Can Enable Provable Cybersecurity Controls, Putting Device Security on the Blockchain
A newly formed subsidiary of Rivetz Corp announced the RvT cyber security token, created to combine trusted computing with blockchain technology that can offer comprehensive privacy protection. Rivetz believes the RvT token will enable multi-factor authentication across devices, to achieve provable security at the transaction and authentication level. Furthermore, Rivetz believes the solution will enable peer-to-peer transactions to have provable cyber controls that become a permanent part of the blockchain record, providing cryptographic proof that the measured protections were in place before a transaction can execute. The Rivetz solution is built on technology that has already been delivered on over a billion devices containing ARM-compatible processors.
RvT token technology takes advantage of the established capabilities of the Trusted Execution Environment (TEE) to provide a vault on the device to securely enable machine execution of instructions that are subject to owner-led policy. The Rivetz trusted app checks the status of a device before undertaking a task, such as connecting to the cloud. If the current condition of the TEE and the registered reference conditions match, the task can proceed. If not, the task will not be permitted.
“Since my introduction to blockchain in 2013, it’s been clear that blockchain technology and trusted computing have the potential to provide the global infrastructure to enable billions of trusted computing devices already in circulation with built-in decentralized cyber security,” said Steven Sprague, Founder of Rivetz. “We’ve invested and built the foundations to realize that vision. Rivetz believes that the launch of the RvT token and RvT powered services will provide a decentralized operational and economic model to boost the adoption of built-in security controls.”
The launch of the RvT token builds on existing trusted computing technology already deployed by Rivetz Corp., which has been done over the last three years to prototype advanced transaction and security capabilities. Blockchain, IoT, cloud computing and many other markets can benefit from provable controls. Today’s devices contain advanced security hardware, and Rivetz’s mission is to put that deployed security to work to provide a simpler, safer experience for users.