rivetz
Rivetz
$ 0.024
Supply 28,823,329.28 RVT
Volume $137.38
Market Cap $680,305.00
  • ICO Sep 2017
  • 1 RVT = 0.88 USD
  • $19,710,000 raised
  • 22,397,727 RVT sold
⭕ Max Supply --- 200,000,000 RVT
🏗️ Platform ------- Ethereum
Project

Rivetz is developing technology to push the edge of security to the screen of the device. Rather than a password being the last line of defense, individual devices can be deputized to broker access to valued online assets. The Global Attestation and Identity Network is intended to record and verify the health and integrity of the device using an RvT and blockchain technology. This new service builds on the last three years of work by Rivetz in creating the platform and tools to simplify a developer’s access to the Trusted Execution Environment (TEE), a dedicated and impenetrable hardware platform that existsin every device.

Token

Rivetz is building a Global Attestation and Identity Network, powered by the Rivetz Token (RvT), in order to improve the security of the devices on which we rely. (see whitepaper p.4)

Rivetz intends to introduce the RvT, a cybersecurity token that can enable the registration of devices and attest to their cybersecurity controls. The RvT is intended to be integral to delivering automated device-to-service or device-to-device payment for the consumption of the cybersecurity service and eventually other permissioned services. It is planned to assist the owner of the device to forensically prove verified cyber controls are in place when a transaction is executed. (see whitepaper p.5)

Enterprise/ Individual Ownership of a RvT will generate transactions:

  • Register owner account, Register the identity of their devices from 1 to thousands
  • Record reference integrity measurements
  • Manage policies on the device for access to and use of services
  • Administer access to logged compliance and encryption data
  • Update and remove devices
  • Manage and make global micropayments for service
  • Have access to use the Rivet Network

OEM Ownership of a RvT will generate transactions:

  • Record and secure a reference core root of trust for the health measurement (i.e., a device birth certificate)
  • Establish identity for settlement
  • Manage micropayments for device supply chain validation

Service Provider ownership of a RvT will generate transactions:

  •  Route traffic to public a Cyber Checkpoint
  • Prepay for validations as a perk to users
  • Manage cloud encryption as a service

Cyber checkpoint operators will generate transactions:

  • Operate a Cyber Checkpoint
  • Collect micropayments forservice
  • Enable secure logging of data
  • Offer new services

(see whitepaper p.14-15)

Distribution
  • 24% Token Sale 48 million
  • 46% Company use 92 million
  • 30% Marketing 60 million
  • Total 200 million

(see Rivetz FAQ)

Governance

Rivetz Corporation (“Rivetz” or the “Company”), the parent company of Rivetz Intl., is a “First-mover” with patent pending cyber security services and capabilities thatseeks to leverage the Trusted Execution Environment (“TEE”) already available on hundreds of millions of existing devices.

(see whitepaper p.33)

Ecenomics

A growing demand for improved cybersecurity is crystal clear in Cybersecurity Ventures’ recent report. Cybersecurity Ventures, a firm that delivers cybersecurity market data, insights, and groundbreaking predictions to a global audience of CEOs, CIOs CSOs, venture capitalists, and government cyber defense leaders, predicts cybercrime will continue rising and cost businesses globally more than $6 trillion annually by 2021. The firm forecasts that global spending on cybersecurity products and services will exceed $1 trillion cumulatively over the next five years, from 2017 to 2021. In 2017, Cybersecurity Ventures expects the global cybersecurity market to be worth more than $120 billion, having grown roughly 35 times over 13 years. The firm further expects 12-15 percent year-over-year market growth through 2021. (see whitepaper p.18)

Services

Multi-factor authentication with provable cybersecurity controls Many companies have implemented multifactor authentication as part of their projects. Rivetz provides the tools to enhance these solutions using provable hardware security. The attestation services will enable integration of external checks such as geolocation and enterprise status to be verified before authentication is confirmed to the service. Rivetzsupports a 2FA capability today and this will be the initial service to support the RvT token capability with full attestation support.

Assured transaction Instructions for e-commerce transactions Rivetz is participating in the NIST NCCOE for retail e-commerce. Attestation can assure that the advanced cybersecurity controls in the device that are used to protect an e-commerce instruction are working properly and configured according the requirements of the owner of the platform. The RvT health and integrity validation of the users confirming device is a check that could be required to be performed as part of every e-commerce transaction.

Assured instructions for online and offline cryptocurrency wallets The fundamentals of a secure crypto-currency transaction of secure display, secure PIN entry and protection of private credentials can be accomplished with the TEE for both online and offline transactions. Attestation that these controls are in a known condition can be integrated into the processing of the pay to script process. The result is the data recorded on the chain would have mathematically provable cybersecurity controls assuring the data recorded was intended, enhancing the quality and integrity of the data written to the chain.

Token project protection of client private keys and process Recent projects for identity, storage and networking are using the blockchain protocol for innovative purposes. However, in general if you can steal the private key you can steal the service. Rivetz provides a model that will enable hardware protection of the private key and an embedded multifactor authentication. These cybersecurity controls can dramatically enhance the quality and simplicity of many of the token services. If the services integrate support for the RvT token, then attestation can become part of the provable claims the services can make, thereby increasing their utility. Custom development can further integrate the capabilities and bring a whole class of provable owner managed enterprise controls to the decentralized token solutions.

Machine multisig Most token systems will support a multisig wallet for better protection. Rivetz intends to deliver support for machine multisig. Once tokens are placed into a multisig wallet the conditions must be satisfied to use the tokens. The user will use their favorite service but before the token transaction can be submitted it will need to be cosigned by a Rivetz Cybersecurity Controller (RCC) in the TEE. The RCC will receive the partially signed request and a RvT token with a real-time health test and the locator for a reference health hash. The cybersecurity controller will process the RvT transaction and use the resulting data to authorize the user’s transaction with their favorite token and deliver it to the service for execution. This will be a simple way to integrate support for the cybersecurity protections offered by a trusted execution environment with little to no integration. It is not suitable for small microtransactions where the RvT solution should be fully integrated.

(see whitepaper p.16-17)


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