|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
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts, GM of Platform at FinancialForce.com, will discuss the value of business applications on wearable ...
Aug. 31, 2015 12:16 PM EDT
Contrary to mainstream media attention, the multiple possibilities of how consumer IoT will transform our everyday lives aren’t the only angle of this headline-gaining trend. There’s a huge opportunity for “industrial IoT” and “Smart Cities” to impact the world in the same capacity – especially during critical situations. For example, a community water dam that needs to release water can leverage embedded critical communications logic to alert the appropriate individuals, on the right device, as soon as they are needed to take action.
Aug. 31, 2015 12:00 PM EDT
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Aug. 31, 2015 11:30 AM EDT Reads: 887
SYS-CON Events announced today that Micron Technology, Inc., a global leader in advanced semiconductor systems, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of technology leadership, Micron's memory solutions enable the world's most innovative computing, consumer,...
Aug. 31, 2015 11:15 AM EDT Reads: 226
As more intelligent IoT applications shift into gear, they’re merging into the ever-increasing traffic flow of the Internet. It won’t be long before we experience bottlenecks, as IoT traffic peaks during rush hours. Organizations that are unprepared will find themselves by the side of the road unable to cross back into the fast lane. As billions of new devices begin to communicate and exchange data – will your infrastructure be scalable enough to handle this new interconnected world?
Aug. 31, 2015 11:00 AM EDT Reads: 160
Through WebRTC, audio and video communications are being embedded more easily than ever into applications, helping carriers, enterprises and independent software vendors deliver greater functionality to their end users. With today’s business world increasingly focused on outcomes, users’ growing calls for ease of use, and businesses craving smarter, tighter integration, what’s the next step in delivering a richer, more immersive experience? That richer, more fully integrated experience comes about through a Communications Platform as a Service which allows for messaging, screen sharing, video...
Aug. 31, 2015 10:30 AM EDT Reads: 642
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies leverage disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevOps to advance innovation and increase agility. Specializing in designing, imple...
Aug. 31, 2015 10:15 AM EDT Reads: 300
In his session at @ThingsExpo, Lee Williams, a producer of the first smartphones and tablets, will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater. He will explain how M2M controllers work through wirelessly connected remote controls; and specifically delve into a retrofit option that reverse-engineers control codes of existing conventional controller systems so they don't have to be replaced and are instantly converted to become smart, connected devices.
Aug. 31, 2015 09:30 AM EDT Reads: 123
SYS-CON Events announced today that IceWarp will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IceWarp, the leader of cloud and on-premise messaging, delivers secured email, chat, documents, conferencing and collaboration to today's mobile workforce, all in one unified interface
Aug. 31, 2015 04:00 AM EDT Reads: 408
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Aug. 31, 2015 02:00 AM EDT Reads: 451
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Aug. 30, 2015 10:00 PM EDT Reads: 349
While many app developers are comfortable building apps for the smartphone, there is a whole new world out there. In his session at @ThingsExpo, Narayan Sainaney, Co-founder and CTO of Mojio, will discuss how the business case for connected car apps is growing and, with open platform companies having already done the heavy lifting, there really is no barrier to entry.
Aug. 30, 2015 05:00 PM EDT Reads: 138
Consumer IoT applications provide data about the user that just doesn’t exist in traditional PC or mobile web applications. This rich data, or “context,” enables the highly personalized consumer experiences that characterize many consumer IoT apps. This same data is also providing brands with unprecedented insight into how their connected products are being used, while, at the same time, powering highly targeted engagement and marketing opportunities. In his session at @ThingsExpo, Nathan Treloar, President and COO of Bebaio, will explore examples of brands transforming their businesses by t...
Aug. 30, 2015 10:15 AM EDT Reads: 230
With the proliferation of connected devices underpinning new Internet of Things systems, Brandon Schulz, Director of Luxoft IoT – Retail, will be looking at the transformation of the retail customer experience in brick and mortar stores in his session at @ThingsExpo. Questions he will address include: Will beacons drop to the wayside like QR codes, or be a proximity-based profit driver? How will the customer experience change in stores of all types when everything can be instrumented and analyzed? As an area of investment, how might a retail company move towards an innovation methodolo...
Aug. 30, 2015 09:15 AM EDT Reads: 450
The Internet of Things (IoT) is about the digitization of physical assets including sensors, devices, machines, gateways, and the network. It creates possibilities for significant value creation and new revenue generating business models via data democratization and ubiquitous analytics across IoT networks. The explosion of data in all forms in IoT requires a more robust and broader lens in order to enable smarter timely actions and better outcomes. Business operations become the key driver of IoT applications and projects. Business operations, IT, and data scientists need advanced analytics t...
Aug. 30, 2015 08:30 AM EDT Reads: 400
As more and more data is generated from a variety of connected devices, the need to get insights from this data and predict future behavior and trends is increasingly essential for businesses. Real-time stream processing is needed in a variety of different industries such as Manufacturing, Oil and Gas, Automobile, Finance, Online Retail, Smart Grids, and Healthcare. Azure Stream Analytics is a fully managed distributed stream computation service that provides low latency, scalable processing of streaming data in the cloud with an enterprise grade SLA. It features built-in integration with Azur...
Aug. 28, 2015 07:45 PM EDT Reads: 215
Akana has announced the availability of the new Akana Healthcare Solution. The API-driven solution helps healthcare organizations accelerate their transition to being secure, digitally interoperable businesses. It leverages the Health Level Seven International Fast Healthcare Interoperability Resources (HL7 FHIR) standard to enable broader business use of medical data. Akana developed the Healthcare Solution in response to healthcare businesses that want to increase electronic, multi-device access to health records while reducing operating costs and complying with government regulations.
Aug. 26, 2015 07:00 AM EDT Reads: 190
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducted a live demonstration of how quickly application development can happen when the need to comply wit...
Aug. 2, 2015 11:15 AM EDT Reads: 555
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
Aug. 1, 2015 10:00 AM EDT Reads: 484
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 @ThingsExpo, James Kirkland, Red Hat's Chief Architect for the Internet of Things and Intelligent Systems, described how to revolutionize your archit...
Jul. 30, 2015 07:30 PM EDT Reads: 1,569