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AUSTIN, Texas and RICHMOND, mass. is MADRID, 17 January 2019 / PRNewswire / – Rivetz, a leader in blockchain-based embedded mobile security solutions, and ElevenPaths, Telefónica's IT security unit, announced that Wanchain, the world's leading public interoperability blockchain, will join the their partnerships to offer blockchain solutions to enable next-generation technology for some of the most powerful privacy and cybersecurity protection systems for mobile subscribers of today's consumers and businesses.
Wanchain enables decentralized transfer of value between blockchains, providing industry-leading cross-chain capabilities – a key component for entrepreneurs and businesses alike to leverage the Web 3.0 economy. By enabling a secure and frictionless flow of values between blockchains, Wanchain's core technology paves the way for mass adoption of digital currencies. The solution simplifies the transfer of value from one currency to another and will offer users the convenience and simplicity required for daily use.
The partnership expands on Dual Roots of Trust, the integrated hardware security technology developed by Rivetz and ElevenPaths, which helps protect carrier-grade identity and e-commerce protections on tens of millions of devices on Telefónica and on billions of devices all over the world. Wanchain will also integrate Rivetz's advanced hardware protections to provide a new level of security that transactions and blockchain data are recorded as intended.
With Dual Roots of Trust, a user's private key is cryptographically distributed between two independent trust roots: the Trusted Execution Environment (TEE) and the operator's identity module (SIM). The solution provides an additional layer of protection for private keys even if one of the systems is compromised and ensures that users retain control of their private keys.
The companies will demonstrate how their solutions integrate and collaborate during the week of the Mobile World Congress in Barcelona, Spain over it 25-28 February 2019. Demonstrating how blockchain provides an innovative solution that dynamically changes the way users interact with services, companies are working to provide mobile subscribers with a simpler and more secure solution for accessing Web 3.0 services. The solution offers a new model for complete identity, privacy, payment and operational experience.
"Wanchain is not looking forward to working with these new partners to bring millions of new users to the future of the blockchain," he said Jack Lu, founder and CEO of Wanchain. "Together with our new partners, we will integrate to make the security and privacy of the mass market possible that every user must have a simple and safe experience."
"Wanchain offers a new model for data integrity and privacy transactions, which is an excellent complement to integrated mobile security," he said Steven Sprague, founder and CEO of Rivetz. "We are looking forward to providing the basis for consumer protection that can be demonstrated with every digital transaction".
"In ElevenPaths, Telefónica's IT security unit, we have the task of creating breakthrough innovations in security, making our customers' lives safer, and we look forward to working with partners to develop innovative core technologies to protect user identities, sensitive information and digital resources, "he said Pedro Pablo Perez, CEO of ElevenPaths and Global Director of Security of Telefónica.
The best security solutions Rivetz derive from access to the Trusted Execution Environment (TEE), which is an isolated and measured IT environment, separate from the operating system. By provisioning all digital transactions through the TEE, Rivetz ensures that users' private keys can not be altered or stolen if the operating system has been tampered with or infected with malware.
About ElevenPaths
In ElevenPaths, Telefónica's IT security unit, we believe in the idea of challenging the current state of security, an attribute that must always be present in technology. We are always redefining the relationship between security and people, with the goal of creating innovative security products that can transform the concept of security, thus keeping us one step ahead of attackers, who are increasingly present in our digital life . Find out more about their blog, on chirping, Facebook, YouTube or LinkedIn.
More information:
www.elevenpaths.com
About Telefónica
Telefónica is one of the largest telecommunications companies in the world by market capitalization and number of subscribers, with a complete offering and quality of connectivity that is provided on fixed, mobile and broadband networks worldwide. The company has a significant presence in 17 countries and over 356 million accesses worldwide. Telefónica has a strong presence in Spain, Europe is Latin America, where the company concentrates an important part of its growth strategy. Telefónica is a 100% listed company and its shares are listed on the Spanish stock market and on those of London, New York, File, is Buenos Aires.
More information:
+34 91 482 38 00
[email protected]
pressoffice.telefonica.com
About Wanchain
Wanchain is a global organization with technical and commercial teams in Austin (United States of America) Beijing (China) is Europe. Wanchain is an interoperability platform that allows decentralized transfer of digital assets between blockchains, using privacy protection and smart contracts. Wanchain has recently announced that it has reached another important milestone: the launch of Wanchain 3.0, the latest version of the Wanchain platform. The launch of the Wanchain 3.0 product includes cross-chain functionality with Bitcoin, making Wanchain the first and only interoperable blockchain with Bitcoin and Ethereum using a secure multiparty calculation. Find out more on their website or on Medium, chirping, Reddit and YouTube.
More information:
[email protected]
About Rivetz
Rivetz technology and services aim to provide a safer and easier-to-use model for all users to protect their digital assets using reliable hardware-based execution technology. The device plays a fundamental role in the automation of security and in enabling the controls necessary for users to produce highly reliable data and benefit from modern services. Rivetz uses cutting-edge IT security tools to develop a modern model to allow users and their devices to interact with Internet services. They were selected for the prestigious 2018 Telecom Show Innovation Showcase Class. Find out more on www.rivetz.com and follow Rivetz on Facebook, chirping, YouTube and Telegram.
More information:
Nikki Dance, FortyThree, Inc.
[email protected]
831.401.3175
SOURCE Rivetz
Related links
https://rivetz.com
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