Civic, a provider of blockchain identity verification technology, has formed a partnership with Rivetz.
The RegTech said it is working with Rivetz, which develops decentralised mobile security solutions, to bring more secure identity verification to global telecom networks and mobile device manufacturers.
Civic and Rivetz will collaborate to create digital identity and mobile security solutions that incorporate added hardware protections according to a statement.
“As blockchain technology is changing the way companies approach security and privacy, Rivetz shares our sentiment about the importance of protecting privacy without collecting data. Rivetz security technology will perfectly complement the Civic App to make a secure, trusted digital identity more accessible for people around the world,” said Vinny Lingham, CEO and co-founder of Civic.
By integrating the Civic App with Rivetz hardware protections, identity information stored locally in the Civic App will be protected by an additional layer of hardware security. This integration will bring ‘the best’ of digital identity and mobile security solutions.
Rivetz verifies the intent of every transaction by combining blockchain technology and the hardware-based trusted computing capabilities already built into millions of devices. It claims to bridge today’s obsolete username/password model to a future where security is built in.
Steven Sprague, CEO and founder of Rivetz, added: “In an era of high-profile data breaches, identity information is progressively vulnerable to security threats. We’re looking forward to our partnership with Civic to explore solutions that leverage the best of blockchain-based identity and mobile security to create a safer, private user experience that will benefit our telecom partners users across the global.”
Headquartered in San Francisco Bay Area, California, Civic is a blockchain identity-verification technology company that allows consumers to authorise the use of their identities in real time. It lets users safely access websites and services using Civic Secure ID, satisfy KYC requirements with its resuable KYC, and protects the user before, during, and after an ID-theft incident. Civic’s Secure Identity Platform (SIP) uses a verified identity for multi-factor authentication on web and mobile apps without the need for usernames or passwords. The company also provides Reusable KYC, a blockchain-based tool for organisations that require more than basic account verification services.
Smartlands, a platform for tokenisation of real economy assets, recently partnered with Civic Technologies. Through the partnership, the platform will gain access to secure, trusted identity verification, including Know Your Customer (KYC). Menlo One also recently partnered with the RegTech. The company, which provides an open-source framework for making decentralised applications on the blockchain, said it will use the technology for login and KYC services.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
