Rivetz Corp. announced on Wednesday that it has joined the Trusted IoT Alliance, an open-source software foundation supporting a secure, scalable, interoperable, and trusted IoT ecosystem. As a member of the Trusted IoT Alliance, Rivetz will collaborate with Fortune 500 companies and startups to develop and support the intersection of blockchain and IoT.
The Trusted IoT Alliance aims to increase interoperability and interworking, while maintaining a blockchain-agnostic philosophy. The Alliance works with companies like Rivetz to develop standards, certification, technical advancements, and business opportunities. This includes registering IoT devices and creating event logs on decentralized systems, creating an ecosystem that links cryptographic registration, identities, and metadata.
Rivetz is focused on solving problems associated with consumer and machine-to-machine digital transactions. Rivetz technology and services aim to provide a safer and easier-to-use model for all users to protect their digital assets using hardware-based trusted execution technology. The device aims to play a critical role in automating security and enabling the controls that users need to benefit from modern services. Rivetz leverages state-of-the-art cybersecurity tools to develop a modern model for users and their devices to interact with services on the Internet.
The Trusted IoT Alliance offers an inclusive membership model and annual events to connect Fortune 5000 enterprises, software developers, and blockchain technology companies. The Trusted IoT Alliance is an open source software foundation aiming to help its members exploit commercial value at the intersection of blockchain and IoT ecosystems.
Member organizations are involved in projects to provide cryptographic identities to devices, machines, and supply chain hardware with a blockchain and smart contract powered backend.
The Alliance coordinates POCs and testbeds, publishes open source code and standards, and awards small grants to support innovative open source projects.
Rivetz’s RvT cybersecurity token provides verifiable security controls for cloud authentication, IoT, blockchain, and legacy financial transactions. The RvT token enables multifactor authentication across devices, to achieve provable security at the transaction and authentication level. The Rivetz solution leverages technology that is already built in to hundreds of millions of mobile devices to assure the keys and transactions can not be altered or stolen by malware infecting the operating system.
“Rivetz looks forward to contributing to industry initiatives in order to bring enhanced device security to blockchain applications,” said Steven Sprague, founder and CEO of Rivetz. “Known devices in known conditions, whether protecting digital assets or creating or consuming provable data, are a fundamental capability to ensuring trust in decentralized applications. We engaged with the Trusted IoT Alliance because we believe it is the most appropriate forum to advance these types of capabilities in the blockchain community, working with the organizations who have a vested interest in ensuring the security of the entire ecosystem.”
“The Trusted IoT Alliance is pleased to have Rivetz as a member. Their Trusted Execution Environment technology has deep potential to link smart contracts with the physical world,” said Zaki Manian, Executive Director of the Trusted IoT Alliance.