by Kenneth Nwaeze
This is my first post on steemit, so I decided to a life picture of myself to proof that I am human and not a robot
Have a good read
Already used by 4 to 6 million mobile phones
This security will be a separate chip on your mobile phone. So a social hacker will have to get your phone itself in order to manipulate service providers for your information. Which is a more risky and expensive attack by the offender
The hardware will be built into the device, so no need to get a separate hardware.
This kind of security, like Yubi key (search in Google Images), is in applepay. So as far RVT is concerned it is the first to bring this security to the blockchain
This application will be appreciated in the blockchain especially for centralized exchanges such as Poloniex, Bitfinix, hitbtc, Bittrex, Kraken etc. The RVT can be helpful to crypto exchanges such as Poloniex who suffer attacks at their home page.
Since the blockchain is immutable, having an unchangeable record, so authentication is guaranteed, and the application of a utility such as rivetz that already has a working software that is used by millions of people will be an extra ordinary fit to the blockchain community
The Rivetz blockchain can also provide a register for recording all devices owned by a user.
Rivetz's database that can still track a user's location. So if the user's changes location, authentication will not be a problem
Rivetz also takes care of privacy needs of users. So rivetz will not your information available to the public. If you have a hash, people will not know what that hash is.
The TTE (trusted) chips portion as an execution environment of the chip has already been approved to rivetz by intel
Rivetz began a prototype in 2013. And, already has customers today, hence they have decided to extend the service to the larger communities such as blockchain users.
Developers don't have to go through a permission process to access RVT.
RVT has the potential to secure cryptocurrency assets without the use of hardware wallets. Because there is this extra layer of security. Although this will not close all loop holes like phising. But nevertheless, this limits all exterior attacks. Thereby, narrowing attack opportunities.
The value of rvt in the cryptospace and main cyberspace is visualized to be comparable to McAfee security service. Because all in the cryptospace that has a wallet needs this type of application. This can also be adopted by hardware wallets. It may lead to synchronization of all popular crypto hardware wallets such as Trezors, Ledger Nano S (whatever series), etc.
Although RVT will be issued on ethereum as an ERC 20 token, the blockchain of RVT will become to separate from ethereum as its own blockchain protocol.
RVT is still dependent on ethereum to scale.
The best utility for RVT will be in wallets in holding lots of coins for customers.
If you wish to join the Rivetz ICO? Go to their website www.rivetz.com ; https://rivetzintl.com
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