- New Addition Enables Advanced Hardware Protections for Blockchain-Powered Trusted Payments, Multimedia Communication and Video Streaming
Richmond, New York and Madrid, Spain, March 14, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — ElevenPaths, Telefónica’s Cybersecurity Unit, and Rivetz, an industry leader in decentralized hardware-based cybersecurity, today announced that PeerStream, Inc. (OTCQB: PEER), a global internet solutions provider driving adoption of emerging blockchain technologies, will join its partnership to offer next-generation zero trust architecture, privacy and security protection for enterprise applications and communications.
PeerStream is developing enterprise-grade communications software focusing on enhanced privacy and security, which it is planning to bring to market under the Backchannel brand. Backchannel is designed to offer a growing suite of software tools built to power secure, real-time data and messaging channels, which are also planned to support streaming video. At the core of Backchannel is PeerStream’s decentralized network routing technology, PeerStream Protocol (“PSP”), which may operate on either blockchain or traditional distributed architectures. The parties plan to integrate Backchannel with the Dual Roots of Trust advanced cybersecurity architecture developed by Rivetz and ElevenPaths. The integration is expected to further enhance authentication and identity security of the Dual Roots of Trust platform for mobile consumers and enterprise end users across a variety of use cases.
“We are excited to collaborate with such esteemed partners to build groundbreaking software that has the potential to deliver real value for a large worldwide client base,” said Alex Harrington, CEO of PeerStream. “We are honored to join ElevenPaths and Rivetz in this common vision.”
Dual Roots of Trust cryptography distributes a user’s private key between two independent roots of trust, or operating systems: the Trusted Execution Environment (TEE) and the carrier’s subscriber identity module (SIM). The solution provides an additional layer of protection for private keys even if one of the systems is compromised.
“We use dozens of apps and services on our smartphones daily – making us ‘modern subscribers’ – but at the same time we’ve transformed our mobile devices into repositories of personal, financial and other sensitive data,” said Rivetz CEO Steven Sprague. “We are pleased to bring security and privacy at the hardware level along with PeerStream’s offerings. The integration of built-in security is expected to allow users to simply and safely make trusted payments, communicate and stream video.”
Rivetz’s best-in-class security solutions make use of the TEE, which is an isolated, measured computer environment separate from the device’s operating system. By provisioning all digital transactions through the TEE, Rivetz assures that users’ private keys cannot be altered or stolen if the operating system is tampered with or infected by malware.
At ElevenPaths, Telefónica Cyber Security Unit, we believe in the idea of challenging the current state of security, an attribute that must always be present in technology. We’re always redefining the relationship between security and people, with the aim of creating innovative security products which can transform the concept of security, thus keeping us one step ahead of attackers, who are increasingly present in our digital life.
Telefónica, S.A. Dirección de Comunicación Corporativa Tel: +34 91 482 38 00 Ronda de la Comunicación, s/n email: [email protected] 28050 Madrid http://saladeprensa.telefonica.com
Telefónica is one of the largest telecommunications companies in the world by market capitalization and number of customers with a comprehensive offering and quality of connectivity that is delivered over world class fixed, mobile and broadband networks. As a growing company it prides itself on providing a differential experience based both on its corporate values and a public position that defends customer interests.
The company has a significant presence in 17 countries and over 356 million accesses around the world. Telefónica has a strong presence in Spain, Europe and Latin America, where the company focuses an important part of its growth strategy.
Telefónica is a 100% listed company, with more than 1.5 million direct shareholders. Its share capital currently comprises 4,975,199,197 ordinary shares traded on the Spanish Stock Market and on those in London, New York, Lima, and Buenos Aires.
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 ww.rivetz.com and follow Rivetz on Facebook, Twitter, YouTube and Telegram.
About PeerStream Inc. (OTCQR: PEER)
PeerStream is a global internet solutions provider pioneering the real-world adoption of emerging blockchain technologies by developing software, services and applications for corporate clients and consumers. PeerStream supports clients’ transition to blockchain through license of proprietary software such as PeerStream Protocol (“PSP”), a protocol for decentralized multimedia communications and live video streaming currently in development. PeerStream has a 20-year history of technology innovation and holds 26 patents.
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Contacts [email protected] Kirin Smith / Stephanie Prince PCG Advisory Group [email protected] 646-863-6519