Spanish telecoms giant Telefonica has partnered with security technology startup Rivetz to develop smartphone security solutions for blockchain-based transactions and messaging, the companies announced on Thursday.
The partners will combine Telefonica's network security services with Rivetz's blockchain and trusted-computing technologies to explore decentralized solutions for security and data controls.
"Blockchain access and secure messaging are core building blocks to automating the user experience when it comes to digital services," Rivetz CEO Steven Sprague said in the statement.
Rivetz and Telefonica cited the growing body of projects related to blockchain and the internet of things as the impetus for the partnership, noting that Rivetz's technology has been in beta since January of this year.
The partners will merge their "Enhanced" version of the tech with Rivetz's current app developer and plan to offer the product to chosen partners by June.
Neither Rivetz nor Telefonica is new to the blockchain space.
This week Telefonica announced that it had joined a blockchain settlement trial for the telecoms industry led by Colt Technology Services and PCCW Global.
Rivetz has been involved in the industry since 2014,the firm when it started developing cybersecurity protection for bitcoin wallets.
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Telefonica, Blockchain Startup Team Up to Secure Smartphone Apps
gepubliceerd op May 11, 2018
by Coindesk | gepubliceerd op Coinage
Coinage
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.