"Trusted computing technologies are not an end by themselves,
but are an opportunity to improve mobile users' security, providing a research
and innovation framework in the context of cybersecurity," said Sergio de
los Santos, head of the Discovery and Innovation Lab at Telefónica’s cyber
security unit ElevenPaths, according to the announcement.
Telefónica is one of the largest carriers in the world by market
capitalization and number of customers. The company has a global presence,
which is especially strong in Spain, Europe and Latin America.
"Blockchain access and secure messaging are core building
blocks to automating the user experience when it comes to digital
services," said Steven Sprague, CEO of Rivetz, per the announcement.
"We're honored to partner with Telefónica to explore how to fully leverage
the embedded cybersecurity technologies of mobile to deliver next-generation
data services and business models to enhance the quality of subscriber
Rivetz is a technology company that provides digital security
solutions and services using hardware-based trusted execution technology.
“Rivetz is the gateway for developers to include trusted hardware
within their applications,” according to a Rivetz
The company describes itself as a facilitator, focused on making
it simple for developers to use a Trusted Execution Environment (TEE). Since a
TEE is designed to be secure and unique to each device, it can be used to
identify a personal device with military-grade assurance. According to Rivetz,
over 2.5 billion devices already have a TEE.
“By using the TEE that has been designed to hold secrets, we can
let people keep track of their devices and let the devices remember
credentials, securely,” claims the Rivetz
post. “You sign into your device, and your device will sign you into
Rivetz is initially focusing on the Android platform, which as of
mid-2017 had an 87.7
percent share of global sales to end users. Through a partnership with Trustonic, Rivetz has special access
to the TEE inside Android phones with ARM’s TrustZone.
press release emphasized that the global rise of distributed ledger technology
(DLT) and Internet of Things (IoT) applications requires a decentralized
cybersecurity model, and this collaboration will provide state-of-the-art
cybersecurity protections by combining advanced network security services,
provided by ElevenPaths, with Rivetz's trusted computing and DLT solutions. The
project will use split-key encryption across the hardware and the SIM.
Rivetz and Telefónica will use both DLT and trusted computing
technology to provide cybersecurity controls and protection to hold multiple
cryptocurrencies, assuring that the digital assets and processes are protected
within a device's hardware. Later this year, the enhanced solution developed by
Rivetz and Telefónica is expected to be integrated into Rivetz's existing
application developer solution and made available to selected partners.
The system will also use Rivetz Tokens (RVT), utility
crypto-tokens now available
on the Bancor network, to enable provable controls for data compliance through DLT.