|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
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
Jan. 24, 2017 02:30 PM EST Reads: 5,920
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
Jan. 24, 2017 02:30 PM EST Reads: 5,393
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
Jan. 24, 2017 02:15 PM EST Reads: 3,278
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
Jan. 24, 2017 01:45 PM EST Reads: 3,021
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Jan. 24, 2017 01:30 PM EST Reads: 4,499
Discover top technologies and tools all under one roof at April 24–28, 2017, at the Westin San Diego in San Diego, CA. Explore the Mobile Dev + Test and IoT Dev + Test Expo and enjoy all of these unique opportunities: The latest solutions, technologies, and tools in mobile or IoT software development and testing. Meet one-on-one with representatives from some of today's most innovative organizations
Jan. 24, 2017 01:00 PM EST Reads: 1,742
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 7-9, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and E...
Jan. 24, 2017 12:45 PM EST Reads: 5,931
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smart...
Jan. 24, 2017 12:00 PM EST Reads: 2,878
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web co...
Jan. 24, 2017 11:45 AM EST Reads: 3,080
"A lot of times people will come to us and have a very diverse set of requirements or very customized need and we'll help them to implement it in a fashion that you can't just buy off of the shelf," explained Nick Rose, CTO of Enzu, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jan. 24, 2017 10:45 AM EST Reads: 4,837
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists peeled away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud enviro...
Jan. 24, 2017 08:45 AM EST Reads: 5,105
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex softw...
Jan. 24, 2017 08:30 AM EST Reads: 2,024
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
Jan. 24, 2017 07:45 AM EST Reads: 3,934
The security needs of IoT environments require a strong, proven approach to maintain security, trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vic...
Jan. 24, 2017 04:00 AM EST Reads: 6,714
Who are you? How do you introduce yourself? Do you use a name, or do you greet a friend by the last four digits of his social security number? Assuming you don’t, why are we content to associate our identity with 10 random digits assigned by our phone company? Identity is an issue that affects everyone, but as individuals we don’t spend a lot of time thinking about it. In his session at @ThingsExpo, Ben Klang, Founder & President of Mojo Lingo, discussed the impact of technology on identity. Sho...
Jan. 24, 2017 02:30 AM EST Reads: 4,293
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet and...
Jan. 24, 2017 02:15 AM EST Reads: 6,737
IoT generates lots of temporal data. But how do you unlock its value? You need to discover patterns that are repeatable in vast quantities of data, understand their meaning, and implement scalable monitoring across multiple data streams in order to monetize the discoveries and insights. Motif discovery and deep learning platforms are emerging to visualize sensor data, to search for patterns and to build application that can monitor real time streams efficiently. In his session at @ThingsExpo, ...
Jan. 24, 2017 02:00 AM EST Reads: 5,657
What are the new priorities for the connected business? First: businesses need to think differently about the types of connections they will need to make – these span well beyond the traditional app to app into more modern forms of integration including SaaS integrations, mobile integrations, APIs, device integration and Big Data integration. It’s important these are unified together vs. doing them all piecemeal. Second, these types of connections need to be simple to design, adapt and configure...
Jan. 24, 2017 02:00 AM EST Reads: 1,994
"ReadyTalk is an audio and web video conferencing provider. We've really come to embrace WebRTC as the platform for our future of technology," explained Dan Cunningham, CTO of ReadyTalk, in this SYS-CON.tv interview at WebRTC Summit at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 24, 2017 12:30 AM EST Reads: 2,399
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
Jan. 24, 2017 12:30 AM EST Reads: 6,463