A clear path to built-in security
Built-in cybersecurity is an iterative process that services, manufacturers, and users must all adopt together. Moving our culture from the world of passwords to a world of secure devices has tremendous benefits, but won’t come without its challenges. Consumers are resistant to change. Services are resistant to friction. Manufacturers avoid costs wherever possible. Yet, we believe the market forces are clearly pointing towards built-in cybersecurity. Passwords are universally derided. Multi-factor authentication (MFA) is becoming easier and better understood in the blockchain community, and multi-signature (multisig) wallets are becoming standard.
According to a recent Gartner report, “Authentication is no longer a sufficient basis for establishing trust in a digital environment. Devices themselves must also be trusted.” The demand for better built-in security is strengthening, and technology providers are starting to adapt.
These are the market forces that Rivetz expects to harness and use to drive early adoption. There is already an established network of services that support multi-factor authentication, from Coinbase to Google, and most well-regarded services are pushing users to adopt it. However, both the security and the usability could use some major improvements. SMS two-factor authentication (2FA) has proven to be flawed and easily hacked. Software authenticators are a great start but pose significant risks. External tokens burden the user with yet more things to remember. A strong built-in and provable solution will enable the next evolution of use by providing better security with less hassle.
Rivetz has prototyped this solution and expects to deliver the first capability leveraging RvT tokens to be available this year. Our goal is strong multi-factor authentication that requires minimal user interaction. We plan to follow this with a machine-controlled multisig for tokens. These products will be as easy to activate as installing an app, and are designed to integrate with other apps through commonly adopted standards.
Today Rivetz is already demonstrating its multi-factor authentication capability. The solution is compatible with Google and many other 2FA solutions. We have invested significant engineering time to support blockchain transactions as well. The integration of RvT will provide a new model of cybersecurity that is expected to dramatically improve the proof that a device used to access sensitive online services is properly identified on the user’s behalf and operating as expected.
The multi-factor market will provide the platform for the RvT Ecosystem to expand. The addition of CyberControls should create the opportunity for many new integration models to emerge. This fall, we plan to release and major update to our APIs that developers can use to easily integrate our identity and attestation services into their own products. Rivetz is committed to incentivizing and supporting the growth of this market. The Rivetz CyberControls marketplace can provide the tools to meet the demand for better security practices across diverse industries.
We expect adoption of the RvT token to grow in 2018 as solutions enabled by our toolkit begin to show up in third-party applications. A small number of developers have been invited to use our Alpha toolkit, available today. The Beta release of our Android toolkit is slated for this fall, and will be publicly available for use in other apps.
The combination of fundamental utilities and a standards-based developer platform provides the foundation for market entry. Rivetz aims for simple services a user can adopt and make a part of their everyday lives. Security should be an evolution and not a revolution. We want to help users feel safer and more secure. We are committed to delivering provable controls, not marketing hype.
As part of the technical product rollout, the company has also been engaged in building strong relationships to support the adoption of Rivetz. We were an active contributor to NIST SP 800–63.3, the US government guidance on strong authentication. We are also excited to be participating in the National Cyber Center of Excellence. The project explores multi-factor authentication for Retail ecommerce.
Rivetz is focused on delivering a simple building block to help the world put blockchain and Trusted Computing to work. Multi-factor authentication and machine multi-signature will provide the first steps in that journey. The RvT token provides a tool to enable this business and drive its adoption.