Rivetz Corp. and ElevenPaths are collaborating on the development of advanced mobile security protocols for blockchain transactions and messaging. The solution expects to leverage dual encryption, supporting both the Trusted Execution Environment embedded by multiple device manufacturers and the advanced encryption on SIMs deployed by Telefónica.
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 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 ElevenPaths 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.rivetz.com