SAN FRANCISCO--(BUSINESS WIRE)--Civic, the global digital identity leader, today announced it will join Rivetz, an industry leader in decentralized hardware-based cybersecurity, in their partnership with Telefónica’s cybersecurity unit, ElevenPaths, to offer next-generation identity solutions powered by blockchain.
Digital identity is a cornerstone for the growing decentralized economy. Civic provides convenient, user-friendly identity solutions, which will integrate with the advanced cybersecurity architecture developed by Rivetz and Telefónica. This partnership will enable billions of mobile users to have a digital identity that they control and that simplifies access to global services.
“The ability to prove who you are is a fundamental human need. Our partnership with Rivetz and ElevenPaths is a massive step in putting an uncomplicated digital identity solution in the hands of mobile users, who then call the shots,” said Vinny Lingham, CEO and Co-Founder of Civic. “The concept of identity is rapidly changing, and we look forward to a revolutionary partnership that makes sharing and verifying identity safe and seamless.”
With Dual Roots of Trust cryptography, a user’s private key will be distributed between two independent roots of trust, or operating systems: the Trusted Execution Environment (TEE) and the carrier subscriber identity module (SIM). The solution provides an additional layer of protection for private keys even if one of the systems is compromised. With Civic, personal information is stored locally on a mobile device, protected by biometrics and high-level encryption. This integration will enable Civic to separate locally stored personal information from the user’s private key, adding an extra layer of protection.
"We are pleased to have Civic as part of the project to bring blockchain-powered identity verification services to the consumer," said Steven Sprague, CEO of Rivetz. “The integration of built-in security and digital identity will offer a simple yet powerful new capability for users.”
“Trusted computing technologies are not an end by themselves, but are an opportunity to improve mobile users’ security, providing a research and innovation framework in the context of cybersecurity,” said Pedro Pablo Pérez, Telefónica Global Security VP & ElevenPaths CEO.
Rivetz’s best-in-class security solutions hinge upon access to 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.
Civic is a visionary blockchain identity-verification technology that allows consumers to authorize the use of their identities in real time. They are spearheading the development of an ecosystem that is designed to facilitate on-demand, secure and low-cost access to identity-verification services via the blockchain. Civic recently introduced a Civic token that participants in the ecosystem will use to provide and receive identity-verification-related services. The company sold $33 million of its tokens during its token sale event in June 2017.
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 https://rivetz.com/ and follow Rivetz on Facebook, Twitter, YouTube and Telegram.
About ElevenPaths and Telefónica
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 is one of the largest telecommunications companies in the world by market capitalization and number of subscribers, with a comprehensive offering and quality of connectivity that is delivered over world-class fixed, mobile, and broadband networks.
The company has a significant presence in 21 countries and more than 322 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 and its shares are traded on the Spanish Stock Market and on those in London, New York, Lima, and Buenos Aires.
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