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 firm announced its amalgamation with Trusted IoT Alliance, an open-source software foundation supporting a secure, scalable, interoperable, and trusted IoT ecosystem.
"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.