Rivetz Showcases Blockchain Mobile Security
First Demonstration of New Smartphone Technology For Dual Isolated Roots of Trust
Rivetz, a leader in decentralized cybersecurity, today announced it will demonstrate its latest innovation in blockchain-based mobile security at Mobile World Congress Americas. The solution, entitled Dual Roots of Trust, leverages protections from both the Trusted Execution Environment (TEE) and mobile carrier SIMs. The project is the result of a collaboration between Rivetz and Telefonica, which was announced earlier this year.
The Rivetz solution implements robust protection for private keys and the creation of secure messages for IoT, Blockchain and cloud services. The Dual Roots of Trust solution assures protection of the private keys even if one of the systems is compromised. The Rivetz-enabled apps generate and cryptographically distribute the private key between the two roots – the TEE and the SIM.
By combining the power of the mobile carrier global infrastructure and the advanced security of the TEE already built into millions of devices, Dual Roots of Trust delivers built-in security both from mobile carriers and device manufacturers, assuring that users are in control of their private keys. Decentralized protection of keys puts the owner in control. The technology protects consumers, mobile carriers, manufacturers and enterprises alike.
For consumers, Dual Roots of Trust ensures users’ digital assets are securely protected in the handset, while providing an additional point of security control through the carrier SIM. In addition, the value of mobile carriers’ service offerings is greatly enhanced by the ability to deny access to protected apps if a user’s mobile device is compromised or lost – and quickly and easily restore service if the mobile device is found.
Finally, as employees increasingly use their own devices for use at work, enterprises can exercise greater control over sensitive corporate information accessed from personal devices. Employees may use company apps and access data, but Dual Roots of Trust gives enterprises the power to revoke access if an employee is no longer associated with the company.
“One of the most critical issues we face today is finding a balance between security and usability,” said Steven Sprague, CEO of Rivetz. “In partnership with Telefónica, we are proud to provide a seamless, built-in solution for decentralized mobile security.”
