Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.


Rivetz Enhances Security for Blockchain-based Apps with Trustonic

05 June 2018, Cambridge, UK and MA, US – Device and application security leader Trustonic today announces the integration of its Trusted Execution Environment (TEE)* APIs into Rivetz’s flagship software development kit for securing blockchain-based applications. The use of Trustonic’s APIs means that developers using the Rivetz platform will automatically have access to the decentralized cyber security protections and controls required when developing blockchain, IoT and cloud applications for high-risk markets such as financial services, legal and healthcare.

Steven Sprague, CEO and Founder, Rivetz, comments: “Our partnership with Trustonic makes it even easier to integrate support for the added protections that the TEE provides into blockchain-based applications and services. By combining the hardware-backed identity and authentication supplied by the TEE with immutable attestation provided by blockchain technology, the developers of blockchain-based apps and services can prove the data recorded on the blockchain was from a known device in a known condition. This enables a new model for decentralized cybersecurity.”

The integration of Trustonic’s technology into the Rivetz platform means that the private keys and instructions in applications can be executed in an area protected from the device’s normal operating system. This is necessary because rich operating systems (OS) have software and hardware vulnerabilities, which can be exploited by hackers and malware looking to take control of applications or to steal sensitive data. The Rivetz Authenticator uses the Trustonic TEE to provide advanced security capabilities such as storing and creating two-factor codes in a device’s hardware, which provides greater levels of security than software protection alone. Along with an encrypted backup and restore feature, this provides the user with a safer alternative to SMS and other software-only two-factor authentication methods.

Ben Cade, CEO of Trustonic, adds: “Foundational, end-to-end security built in at the hardware level is crucial to protect both consumers and enterprises. Blockchain will enable transformational use cases that unlock tremendous market potential and value, so robust security and trust is essential. We look forward to continuing to enable and support Rivetz as they deliver a new level of truly secure blockchain apps to the market.”

The Rivetz solution is compatible with the 1.5 billion+ Trustonic-enabled devices that have already been deployed in the market, providing developers with simple tools to enhance their applications and offer a simpler and safer solution for the user. The new models of frictionless commerce will both protect users’ identities and improve their privacy on the network.

Learn more about how Trustonic Application Protection could protect your digital service.

At Money2020 Europe? Visit us on stand E121 or get in touch to arrange a meeting.

Continue Reading

Recent Posts