Rivetz joins the Trusted IoT Alliance
The Internet of Things is growing by leaps and bounds, and along with that growth comes increased concern about the security of those Things.
That’s why Rivetz today announced that it has joined the Trusted IoT Alliance, an open-source software foundation supporting a secure, scalable, interoperable, and trusted IoT ecosystem.
Rivetz CEO Steven Sprague many times has emphasized the importance of having a secure way to send commands to smart devices. It’s great if you have a smart home and can unlock your door remotely. But what if someone can hijack your private key and unlock your house when you’re not at home?
“It is critical that the instruction sent is not just signed by a private key but also includes cybersecurity data about the integrity of the thing that sent the instruction,” Sprague explained recently in a chat with the Telegram community of our partner, Agrello.
“In a decentralized system, there is no network security to supervise all of the transaction,” he continued. “If a private key is stolen, there are no defenses. Rivetz allows a second set of controls that can observe the sender of the instruction using the trusted agent in the device to ask ‘What condition am I in?’ and bind it to the control.”
That use case is why the Trusted IoT Alliance was glad to welcome Rivetz on board, said Zaki Manian, Executive Director of the Trusted IoT Alliance.
“Their Trusted Execution Environment technology has deep potential to link smart contracts with the physical world,” he said.
The Trusted IoT Alliance is a coalition of Fortune 500 companies and startups who are working at the intersection of blockchain technology and the IoT. The Alliance has a blockchain-agnostic philosophy — it doesn’t matter what blockchain the companies are using; it’s the technology that is important.
The Alliance works with companies like Rivetz to develop standards, certification, technical advancements, and business opportunities. This includes registering IoT devices and creating event logs on decentralized systems, creating an ecosystem that links cryptographic registration, identities, and metadata.
“Known devices in known conditions, whether protecting digital assets or creating or consuming provable data, are a fundamental capability to ensuring trust in decentralized applications,” Sprague said. “We engaged with the Trusted IoT Alliance because we believe it is the most appropriate forum to advance these types of capabilities in the blockchain community, working with the organizations who have a vested interest in ensuring the security of the entire ecosystem.”
https://blog.rivetz.com/rivetz-joins-the-trusted-iot-alliance-6549b09c7f61