|By Xenia von Wedel||
|July 28, 2014 12:55 PM EDT||
Rivetz Corp. has been named as one of the AlwaysOn Global 100 Companies to Watch, congratulations! Please tell us, what is Rivetz all about and what do you do?
Steven Sprague: Rivetz is leveraging the trusted execution technologies in new devices powered by Intel and ARM to protect the Crypto Currency Private Keys and Transaction from Malware. We are building security services for all of the wallet providers to protect the user's secret key, securely display the transaction amounts and trusted Input to assure the users Pin number cannot be stolen. Rivetz is also helping the user to leverage their collection of devices to work together help the user manage their access to the exciting world of Bitcoin providing convenience, backup and protection that comes from having more than one device.
Who is your target audience and how do you intend to reach them?
Sprague: We are building solutions for the users of Bitcoin and other crypto currencies. Providing the benefit of hardware protection of bitcoin on the devices they choose to use. We are using tools from Trustonic and Intel to provide the solutions.
I'd be curious to hear any general thoughts you have on market trends...
Sprague: Crypto Currency provides an incredible opportunity for the modernization of E-commerce. After 20 years of typing in Credit card number and CCV codes and worrying about fraud bitcoin and trusted execution provide an opportunity to revolutionize how we shop online world wide. Bitcoin will provide global access to commerce and trusted execution provide the state of the art security we have been expecting for years.
Why are you targeting the Bitcoin market?
Sprague: Bitcoin is revolutionizing financial services. The potential to change how we all think about commerce on the Internet. In addition to currency, the block chain represents one of the most exciting evolutions of the internet in years. We are adding the ability for the internet to store a fact. This capability will affect every corner of the internet from Currency and E-commerce to Property, and licensing to Identity and Privacy. It is one of the most interesting technologies to come along in years.
What's the business model?
Sprague: We will offer user the opportunity to upgrade the android phone or Intel pc and tablets to leverage the security in their device to protect their bitcoin wallet. There will be a small fee charged to enable these features and will be available as an in Wallet upgrade. We will also offer the user the opportunity to manage their collection of devices for a small annual fee. Finally we see the opportunity to bind other services the user wishes to register with their collection of devices and believe we can help to retail these service relationships to the customer.
Who are your competitors? What is your differentiator?
Sprague: We compete with two core groups. The first is the protection of your bitcoin through complex process the user is trained to follow. The second is a collection of external hardware devices that provide similar service to Rivetz but are external to your phone or PC. We believe the built-in solution is the customer's preference.
What other market segments will benefit from your technology?
Sprague: Rivetz is focused on building security support for more than just Bitcoin. Services like access to global WIFI or secure messaging that would benefit from the storage and protection of access and encryption keys on my collection of devices can provide tremendous benefit. We look to provide the user with access to a selection of services that will benefit from a higher quality user relationship.
Will mobile device security become a major issue in the future?
Sprague: It is today. The recent compromise in Europe of the device as a second factor is a great example. I would just add that we see no distinction on the size or shape of your device. All devices should be able to provide their user/ Owner with access to the services they desire without having to bother the user to remember complex passwords in their head. By registering ‘My devices' with ‘My services' we can help the user have a simpler and safer relationship with the world.
What other business or technology could yours disrupt?
Sprague: The combination of the blockchain as a registration authority and the trusted execution environment as the secure device representation can offer a new style of service relationship for all cloud services. Trusted display for secure private communications, secure input to assure integrity of user provided data and protection from cloning of user secret keys will have a significant impact on the value of a subscriber.
Who founded the company, when? What can you tell me about the story of the company's founding?
Sprague: My brother and I founded Rivetz in March. After years as the CEO of Wave Systems Corp. an enterprise security software company, I saw a huge opportunity to exercise trusted computing technologies in the consumer market. While exploring the foundations for a new business model and plan I was introduce to Bitcoin in January. The light bulb went off to build a company to Integrate the modern market of Crypto currencies and Bitcoin with the client protections that can be enabled by trusted execution technologies and Rivetz was born.
What is your distribution model? Where to buy your product?
Sprague: We will offer the solution directly for users to download and install. We will also partner with the wallet and device providers to offer the solution for the end user to have a great out of the box experience.
What's next on your product roadmap?
Sprague: We have the tools to build the solution in house and hope to show demonstrations of the capabilities by the end of the summer with an SDK for third parties to leverage the Rivetz tools in the fall.
Are you targeting a first VC round? If yes when and what will you use the funds for? How much money is being sought?
Sprague: We are actively closing our seed round to fund the Demonstration and SDK and set the stage for a series A. We will use our seed round funds to build out the team and show the capabilities, wallet partners and OEM partners to take the solution to market at Scale. We are actively raising up to 1.5 million in our seed round.
What else would you like to add?
Sprague: ever since the first E-commerce transaction we have been waiting for a safer and easier model to shop and do financial services online. We are watching the decay of those systems and the level of fraud is growing daily. Rivetz and bitcoin provide a fresh approach to solving the global challenge and bringing a new age of device level commerce to the world from mobile payments in Africa to buying gold in America. Years and billions of dollars has been invested to build the foundations of this business but the exposure of the device security technology has been a challenge. Bitcoin offers the once in a career opportunity to enable tis transition.
Rivetz is building applications on both the Trustonic and Intel Platforms for trusted execution.
The company is at seed stage and is not started to generate revenues.
Rivetz Corp. is a new venture focused on improving consumers' relationships with financial and other online services. Rivetz provides a safer and easier-to-use model for all users to protect their digital assets and online transactions using hardware-based device identity and execution protection. The device plays a critical role in automating security and enabling the controls that users need to benefit from modern services. Rivetz leverages state-of-the-art cybersecurity tools to develop a modern model for users and their collection of devices to interact with services on the Internet. For more information, visit www.Rivetz.com.
Follow Rivetz on Twitter at @Rivetzcorp
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at @ThingsExpo, Robin Raymond, Chief Architect at Hookflash, will walk through the shifting landscape of traditional telephone and voice services ...
Nov. 25, 2014 06:00 PM EST Reads: 1,245
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using the URL as a basic building block, we open this up and get the same resilience that the web enjoys.
Nov. 25, 2014 06:00 PM EST Reads: 664
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series data. By focusing on enterprise applications and the data center, he will use OpenTSDB as an example t...
Nov. 25, 2014 06:00 PM EST Reads: 698
The Domain Name Service (DNS) is one of the most important components in networking infrastructure, enabling users and services to access applications by translating URLs (names) into IP addresses (numbers). Because every icon and URL and all embedded content on a website requires a DNS lookup loading complex sites necessitates hundreds of DNS queries. In addition, as more internet-enabled ‘Things' get connected, people will rely on DNS to name and find their fridges, toasters and toilets. According to a recent IDG Research Services Survey this rate of traffic will only grow. What's driving t...
Nov. 25, 2014 05:30 PM EST Reads: 1,026
Enthusiasm for the Internet of Things has reached an all-time high. In 2013 alone, venture capitalists spent more than $1 billion dollars investing in the IoT space. With "smart" appliances and devices, IoT covers wearable smart devices, cloud services to hardware companies. Nest, a Google company, detects temperatures inside homes and automatically adjusts it by tracking its user's habit. These technologies are quickly developing and with it come challenges such as bridging infrastructure gaps, abiding by privacy concerns and making the concept a reality. These challenges can't be addressed w...
Nov. 25, 2014 04:30 PM EST Reads: 1,127
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at Internet of @ThingsExpo, James Kirkland, Chief Architect for the Internet of Things and Intelligent Systems at Red Hat, described how to revolutioniz...
Nov. 24, 2014 07:00 PM EST Reads: 1,550
Bit6 today issued a challenge to the technology community implementing Web Real Time Communication (WebRTC). To leap beyond WebRTC’s significant limitations and fully leverage its underlying value to accelerate innovation, application developers need to consider the entire communications ecosystem.
Nov. 24, 2014 12:00 PM EST Reads: 1,432
The definition of IoT is not new, in fact it’s been around for over a decade. What has changed is the public's awareness that the technology we use on a daily basis has caught up on the vision of an always on, always connected world. If you look into the details of what comprises the IoT, you’ll see that it includes everything from cloud computing, Big Data analytics, “Things,” Web communication, applications, network, storage, etc. It is essentially including everything connected online from hardware to software, or as we like to say, it’s an Internet of many different things. The difference ...
Nov. 24, 2014 11:00 AM EST Reads: 1,559
Cloud Expo 2014 TV commercials will feature @ThingsExpo, which was launched in June, 2014 at New York City's Javits Center as the largest 'Internet of Things' event in the world.
Nov. 24, 2014 09:00 AM EST Reads: 1,577
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, phone and digital TV services to consumers primarily in rural areas.
Nov. 23, 2014 07:30 PM EST Reads: 1,763
"There is a natural synchronization between the business models, the IoT is there to support ,” explained Brendan O'Brien, Co-founder and Chief Architect of Aria Systems, in this SYS-CON.tv interview at the 15th International Cloud Expo®, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Nov. 23, 2014 12:00 PM EST Reads: 1,707
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com), moderated by Ashar Baig, Research Director, Cloud, at Gigaom Research, Nate Gordon, Director of T...
Nov. 23, 2014 07:45 AM EST Reads: 1,714
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and assessments, including a decade of leading incident response and digital forensics. He is co-author of t...
Nov. 22, 2014 05:30 PM EST Reads: 1,457
ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ -- IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and delivery with a single-tenant version of Bluemix, IBM's platform-as-a-service. The new platform enables developers to build ap...
Nov. 22, 2014 05:30 PM EST Reads: 1,529
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, and physical persons. In the IoT vision, every new "thing" - sensor, actuator, data source, data con...
Nov. 21, 2014 08:00 PM EST Reads: 1,458
Technology is enabling a new approach to collecting and using data. This approach, commonly referred to as the "Internet of Things" (IoT), enables businesses to use real-time data from all sorts of things including machines, devices and sensors to make better decisions, improve customer service, and lower the risk in the creation of new revenue opportunities. In his General Session at Internet of @ThingsExpo, Dave Wagstaff, Vice President and Chief Architect at BSQUARE Corporation, discuss the real benefits to focus on, how to understand the requirements of a successful solution, the flow of ...
Nov. 21, 2014 08:00 PM EST Reads: 1,534
"BSQUARE is in the business of selling software solutions for smart connected devices. It's obvious that IoT has moved from being a technology to being a fundamental part of business, and in the last 18 months people have said let's figure out how to do it and let's put some focus on it, " explained Dave Wagstaff, VP & Chief Architect, at BSQUARE Corporation, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Nov. 21, 2014 07:00 PM EST Reads: 1,385
Focused on this fast-growing market’s needs, Vitesse Semiconductor Corporation (Nasdaq: VTSS), a leading provider of IC solutions to advance "Ethernet Everywhere" in Carrier, Enterprise and Internet of Things (IoT) networks, introduced its IStaX™ software (VSC6815SDK), a robust protocol stack to simplify deployment and management of Industrial-IoT network applications such as Industrial Ethernet switching, surveillance, video distribution, LCD signage, intelligent sensors, and metering equipment. Leveraging technologies proven in the Carrier and Enterprise markets, IStaX is designed to work ac...
Nov. 20, 2014 09:15 PM EST Reads: 1,436
C-Labs LLC, a leading provider of remote and mobile access for the Internet of Things (IoT), announced the appointment of John Traynor to the position of chief operating officer. Previously a strategic advisor to the firm, Mr. Traynor will now oversee sales, marketing, finance, and operations. Mr. Traynor is based out of the C-Labs office in Redmond, Washington. He reports to Chris Muench, Chief Executive Officer. Mr. Traynor brings valuable business leadership and technology industry expertise to C-Labs. With over 30 years' experience in the high-tech sector, John Traynor has held numerous...
Nov. 20, 2014 06:00 PM EST Reads: 1,384
The 3rd International @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades.
Nov. 20, 2014 01:00 PM EST Reads: 1,659