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Blockchain startup to assist Telefonica in securing smartphone apps

Monday 14 May 2018 00:53 CET | News

Telefonica, a large Spanish telco, has partnered with Rivetz, a security technology startup, to develop smartphone security solutions for blockchain-based transactions.

The partners will combine the telco’s network security services with Rivetz’s blockchain and computing technologies to explore decentralized solutions for security and data controls. The resulted work aims to improve applications for secure messaging and cryptocurrency wallets. Thus, the end product should be secure enough to hold multiple cryptocurrencies, assuring the digital assets and processes are protected within a device’s hardware.

Moreover, with this partnership, the companies intend to examine new ways to automate the backup and recovery of user identity information by leveraging existing mobile hardware security. The partners will merge their version of the tech with Rivetz’s current app developer and plan to offer the product to chosen partners by June 2018.


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Keywords: Telefonica, Rivetz, partnership, blockchain, mobile apps, online security, fraud prevention, cryptocurrency, Spain
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