SAN DIEGO and RICHMOND, Mass., Oct. 17, 2018 /PRNewswire/ -- Rivetz, an industry leader in embedded, blockchain-based mobile security solutions, and XYO Network, the technology bringing blockchain to the real world, today announced a partnership to integrate Rivetz's hardware-level security protections into XYO location services.
The partnership fortifies the XYO Network with Rivetz's decentralized cybersecurity protections, creating a seamless and secure experience for the decentralized applications (dApps) employing the XYO dApp open SDKs.
"The XYO Network is offering an innovative model to enhance proof of location for the Internet," said Markus Levin, COO and co-founder of XYO Network. "The Rivetz solution provides the foundation of a simpler and safer experience for our customers leveraging XYO's location services."
XYO Network connects the digital world online with the real world offline by developing location-based technologies based on Bluetooth and GPS tracking beacons. The technology allows everyday consumers to track real-world items in real-time, right from their smart phones. It is the world's first people-powered location network built on blockchain technology to enable location-based dApps.
"Rivetz builds the tools to ensure blockchain will always be secure," said Steven Sprague, founder and CEO of Rivetz. "Rivetz and XYO Network are leading the way in bridging security from the physical world to the digital world."
Rivetz's best-in-class security solutions hinge upon access to the Trusted Execution Environment (TEE), which is an isolated, measured computer environment separate from the operating system. By provisioning all digital transactions through the TEE, Rivetz assures that private keys cannot be altered or stolen if the operating system were tampered with or infected by malware.
About XYO Network
XYO Network is an effort to create a vast, geospatial, blockchain-powered location network currently under development with the goal to provide accurate, certainty-driven location data on everything from cars to smartphones. By combining location beacons with IoT and mobile devices, the XYO Network ecosystem plans to deliver the verified coordinates and data needed to execute smart contracts, run smart cities, foster financial transactions, and power a legion of location-centric applications. For more information, please visit https://xyo.network.
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 plays a critical role in automating security and enabling the controls that users need to produce high assurance data and 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. They were selected for Telecom Council's prestigious Innovation Showcase Class of 2018. Find out more at www.rivetz.com and follow Rivetz on Facebook, Twitter, YouTube and Telegram.
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