ElevenPaths and Rivetz add Peerstream to blockchain cybersecurity partnership
- New Addition Enables Advanced Hardware Protections for Blockchain-Powered Trusted Payments, Multimedia Communication and Video Streaming.
Richmond (New York) and Madrid (Spain), March 14, 2019. - ElevenPaths, Telefónica’s Cybersecurity Unit, and Rivetz, an industry leader in decentralized hardware-based cybersecurity, today announced that PeerStream, Inc. (OTCQB: PEER), a global internet solutions provider driving adoption of emerging blockchain technologies, will join its partnership to offer next-generation zero trust architecture, privacy and security protection for enterprise applications and communications.
PeerStream is developing enterprise-grade communications software focusing on enhanced privacy and security, which it is planning to bring to market under the Backchannel brand. Backchannel is designed to offer a growing suite of software tools built to power secure, real-time data and messaging channels, which are also planned to support streaming video. At the core of Backchannel is PeerStream’s decentralized network routing technology, PeerStream Protocol (“PSP”), which may operate on either blockchain or traditional distributed architectures. The parties plan to integrate Backchannel with the Dual Roots of Trust advanced cybersecurity architecture developed by Rivetz and ElevenPaths. The integration is expected to further enhance authentication and identity security of the Dual Roots of Trust platform for mobile consumers and enterprise end users across a variety of use cases.
“We are excited to collaborate with such esteemed partners to build groundbreaking software that has the potential to deliver real value for a large worldwide client base,” said Alex Harrington, CEO of PeerStream. “We are honored to join ElevenPaths and Rivetz in this common vision.”
Dual Roots of Trust cryptography distributes a user’s private key between two independent roots of trust, or operating systems: the Trusted Execution Environment (TEE) and the carrier’s subscriber identity module (SIM). The solution provides an additional layer of protection for private keys even if one of the systems is compromised.
“We use dozens of apps and services on our smartphones daily – making us ‘modern subscribers’ – but at the same time we’ve transformed our mobile devices into repositories of personal, financial and other sensitive data,” said Rivetz CEO Steven Sprague. “We are pleased to bring security and privacy at the hardware level along with PeerStream’s offerings. The integration of built-in security is expected to allow users to simply and safely make trusted payments, communicate and stream video.”
Rivetz’s best-in-class security solutions make use of the TEE, which is an isolated, measured computer environment separate from the device’s operating system. By provisioning all digital transactions through the TEE, Rivetz assures that users’ private keys cannot be altered or stolen if the operating system is tampered with or infected by malware.