ElevenPaths and Rivetz Add PeerStream to Blockchain Cybersecurity Partnership
- New Addition Enables Advanced Hardware Protections for Blockchain-Powered Trusted Payments, Multimedia Communication and Video Streaming
Richmond, New York and Madrid, Spain - (NewMediaWire) - March 14, 2019 - ElevenPaths, Telefónica’s Cybersecurity Unit, and Rivetz, an industry leader in decentralized hardware-based cybersecurity, today announced that PeerStream, Inc. (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@example.com 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.
This press release contains "forward-looking statements." Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential," or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties related to our increasing focus on the use of new and novel technologies, such as blockchain, to enhance our applications, and our ability to timely complete development of applications using new technologies; our ability to effectively market and generate revenue from our new business solutions unit; development and acceptance of blockchain technologies and the continuing growth of the blockchain industry; legal and regulatory requirements related to the use of blockchain, us investing in cryptocurrencies and accepting cryptocurrencies as a method of payment for our services, the use of the internet and privacy and protection of user data; risks related to our holdings of XPX tokens, including risks related to the volatility of the trading price of the XPX tokens and our ability to convert XPX tokens into fiat currency; and our ability to manage our partnerships and strategic alliances, including the ability of our partners to satisfy their obligations under these arrangements. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission ("SEC"), including the Company's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's website at http://www.sec.gov.
All forward-looking statements speak only as of the date on which they are made. The Company undertakes no obligation to update any forward-looking statement or statements to reflect events or circumstances after the date on which such statement was made, except to the extent required by applicable securities laws.
Contacts IR@peerstream.com Kirin Smith / Stephanie Prince PCG Advisory Group firstname.lastname@example.org 646-863-6519