Rivetz is once again in the news, this time in concert with a new blockchain management software and services company introduced last week at the World Blockchain Forum in New York City.
Cognida previewed the launch of a multi-blockchain enterprise platform and network expected to go live next month in line with their Token Generation Event, and today announced a partnership with decentralized mobile security solutions provider saying they will bring Rivetz technology to their enterprise customers providing “additional options for securing their private keys utilizing Rivetz’s access to the Trusted Execution Environment (TEE) private ‘vault’ inside the hardware in millions of mobile devices.”
Unpacking that, it appears Cognida is serious about going all the way to the edge of blockchain networks, where Rivetz’ software works with already embedded technologies, providing additional control beyond the traditional mobile device management approaches.
Rivetz supports advanced security capabilities that provide owners with account-enhanced protection, assuring integrity of messaging and applications with verifiable security controls for blockchain transactions. The Rivetz solution leverages technology that is already built in to hundreds of millions of mobile devices to assure the keys and transactions cannot be altered or stolen by malware infecting the operating system.
“Enterprises face the daunting challenge authenticating thousands of users in a plethora of environments and granting them the appropriate access to information,” said Steven Sprague, CEO of Rivetz. “By joining forces with Windmill, we offer enterprises an easy-to-use solution that leverages the powerful cybersecurity capabilities of both TEE and the blockchain.”
According to a Rivetz white paper, the company is developing technology to push the edge of security to the screen of the device. Rather than a password being the last line of defense, individual devices can be deputized to broker access to valued online assets.
The Global Attestation and Identity Network is intended to record and verify the health and integrity of the device using an RvT and blockchain technology. This new service builds on the last three years of work by Rivetz in creating the platform and tools to simplify a developer’s access to the Trusted Execution Environment (TEE), a dedicated and impenetrable hardware platform that exists in every device.
By focusing on the device identity, continuously measuring the state of the device, and enabling a new token-based business model, Rivetz is constructing a new decentralized approach to cybersecurity and transaction assurance.
The Rivetz solution takes advantage of the TEE, which provides Rivetz with an isolated execution environment within the main processor to execute code that cannot be observed or altered by the operating system. This vault on the processor enables Rivetz to store and process sensitive data and assure that policy and controls are executed as expected.
TEE is not unique to Rivetz; TEE capabilities have been available on both ARM and Intel architecture processors for many years.
In partnership with Rivetz, the Cognida Network contributes a secure service network layer that operates on top of the Internet. It establishes trusted service and data relationships between enterprises and service providers, enabling enterprise customers to administer and enforce their security policy requirements at each service interface on the network.
“By combining the security and data integrity tools available with Rivetz and the Cognida Network, the two companies offer enterprise customers a flexible suite of tools to more easily secure identities and administer data permissions,” said Michael Hathaway, Co-Founder & CEO of Windmill Enterprise.
Protecting data created and consumed by devices is an ever-growing challenge. Estimates peg the number of Internet of Things (IoT) devices to exceed 200 billion by 2020. IoT devices are the foundational layer, where data is created. The IoT industry assumes you can trust the data from the device, but in most cases, this is not true.
Edited by Maurice Nagle