Rivetz (RvT) The decentralized & mobile cyber security token.
Rivetz is a “first-mover” with patent pending cybersecurity services and capabilities that leverage the Trusted Execution Environment (TEE). By providing a vault to isolate and protect keys and encrypted material from apps, malware, users, and hackers, Rivetz is focused on providing a truly safe experience for accessing all digital services – maximizing the quality and value of the provider-to-subscriber relationship.
Rivetz has been building this technical foundations for 3 years and has existing contracts with the U.S. government. The technical models for attestation have been part of global standards from the European Union to OASIS to NIST for many years but the economic model has been missing to support this ecosystem. Rivetz’ leadership has been part of the governance in this industry for the last 20 years, driving the adoption of trusted computing hardware and developing the technology services and economic models to put trusted computing to work.
Rivetz’s existing platform provides a unique set of market-leading solutions that have already generated over a million dollars in recent contract awards. Rivetz’ services and solutions can be leveraged by application development partners and service provides to enhance the value of subscribers on their systems. The company has a strategic relationship with Trustonic, giving it access to over a billion devices already in the field. Rivetz has also initiated discussions with major, established technology companies to support their commercial TEE solutions and potentially add billions more of devices that can utilize the Company’s capabilities.
Rivetz has invested over 3 years in executing a well-thought-out and novel strategy to create the market and capitalize on this substantial opportunity. In Q1 2017 the company was awarded a US Government contract and in Q2 it was further awarded an SBIR contract by the Department of Homeland Security (DHS) Science and technology (S&T) directorate. By simplifying the user experience and assuring that information is delivered as intended, Rivetz’s solution could unlock new models and services and provide value to users for years to come. Rivetz believes it has the short-term tactical plan to quickly engage customers to drive revenue, and the long-term vision to unlock the full potential of the technology which will produce a game changing market opportunity.
Rivetz existing solutions and application enable protection of keys and protection for messages, and already provide a solid starter platform to deliver the real cyber security control attestation of the health and identity of the device that creates a secure message or instruction. The Rivetz solution contemplated with the RvT is further intended to provide cyber security based on math that can prove that measurements made have not changed over time. There are no silver bullets in cyber security, and everything is vulnerable, but these tools represent simple integrated cyber controls that Rivetz believes are world-class and military grade.
In 2016, Rivetz built a reference architecture to validate the health and integrity of the device as an integral part of the transaction on a blockchain, delivering a decentralized cybersecurity control providing proof that the device’ internal and external controls were in a reference condition prior to the completion of a specific transaction. The following discussion explains how Rivetz intends to use a new token to enable the administration and operational security required to accelerate the use of these solutions by the global market, ushering in the new paradigm for cybersecurity architecture. The Global Attestation and Identity Network has the potential to accelerate the transition from the existing network security solutions to a new model built on the assurance that the connected and measured devices are performing transactions the user intends. In Rivetz’s view, this is not only essential for a bold new world utilizing crypto currencies, but transforms data and network security as well.
The following discussion explains how Rivetz intends to use a new token to enable the administration and operational security required to accelerate
the use of these solutions by the global market, ushering in the new paradigm for cybersecurity architecture. The Global Attestation and Identity Network has the potential to accelerate the transition from the existing network security solutions to a new model built on the assurance that the connected and measured devices are performing transactions the user intends. In Rivetz’s view, this is not only essential for a bold new world utilizing crypto currencies, but transforms data and network security as well.
The Rivetz Ecosystem
Rivetz is a state-of-the-art toolkit for harnessing the Trusted Execution Environment (TEE) to protect your secrets, your finances, and your privacy. It's like a hidden vault (already embedded in most phones) that no OS or software can eavesdrop on.
The RvT (Rivet) Token
Rivetz uses the RvT (Rivet) token and blockchain to cryptographically prove that the vault (TEE) in your phone is secure, from the manufacturer to your pocket. Once your vault's integrity and health is verified, you know any transactions you send are exactly the ones you intended.
Only Rivetz Provides Assurance
Only Rivetz utilizes the hardware security embedded in devices! Rivetz truly secures customers' devices and transactions from being exposed, and protects software development companies from financial exposure and public embarrassment.
The Rivet token is the CyberSecurity token. Together with the Rivetz ecosystem, it provides proof and assurance of privacy and security at a hardware level
The shift to decentralized security requires that the integrity of the data is built-in to the system; reliance on network observation is no longer effective.
The Trusted Execution Environment
Think of the TEE as a private “vault” inside your phone’s hardware – but instead of software (like apps and iOS/Android), it’s already built into your phone (the hardware). Inside of this vault, everything is isolated. No apps or software or operating system can see what’s inside. This could be your secrets, your passwords, keys, or any other private information.
RvT: The Rivet Token
Rivetz uses the RvT token and blockchain to cryptographically prove that the vault in your phone is secure, all the way from the manufacturer to your pocket. The RvT blockchain can perform a health check, verifying that your vault’s integrity is intact, and that transactions you send are exactly the ones you intended. Fundamentally, RvT creates an ecosystem for cybersecurity micropayments. Your banks use RvT to verify identify for withdrawing funds. Your local store uses RvT to protect its supply chain. Through RvT, everyday society and actions are securely powered by the blockchain.
Rivet (RvT) Token Sale Terms
Total token supply fixed at 200 Million (200,000,000) RvT, of which:
- 70M available in tokensale
- 60M promotional tokens used for approved marketing and incentive purposes
- 30,000,000 available
- 30,000,000 locked by smart contract for up to 1 year
- 70M reserved for future use.
- 10,000,000 now,
- 20,000,000 locked by smart contract 12 months
- 20,000,000 locked by smart contract 24 months
- 20,000,000 locked by smart contract 36 months
- Tokens will be sold for ETH.
- A Presale is available and will require a minimum purchase of 150ETH. For more information please contact [email protected]!
Rivetz - An AMA with our new partners, Rewards.comImage via RewardsToken.io
The co-founders of Rewards.com — CEO Todd Rowan and CMO Linda Butcher — joined us on our Telegram channel this week for an AMA. They also were joined by Rewards’ VP of Marketing, Michael Shepherd. The following is a transcript of the conversation, lightly edited for grammar and spelling, and in some cases to bring multiple answers to the same question closer together.
Linda: Just a little bit about us and our project. I am one of the co-founders. We have 15 years in the loyalty space, primarily around points programs. Last year, we took a major pivot and changed loyalty points into cryptocurrency.
Bob Digital: How did you guys get introduced to Rivetz?
Linda: I met Steve at a conference. As you guys know, there is a lot of noise in this space. Steve and the Rivetz team also have years of expertise in their field. It was a complementary match from the beginning
Todd: We have been talking with Steven for many months now on how we can work together and formed a partnership last month.
Rivetz: Please tell us a bit about the Rewards history — and how the points now convert into crypto?
Linda: Sure. The team has been running loyalty programs B2B for companies like Bank of America, AmEx, Caesars, hotels, airlines for many years. The programs centered around mostly shopping, where a member shops and earns a point like a Hilton point (for example).
Todd: We have been doing reward program for the banks and airlines for many years. We were in the process of taking Rewards down the standard points path with a new marketplace when we took a deep dive into looking at blockchain and crypto and realized that this was a great fit for a rewards program.
Bob: Are you just converting current points into a token or is there a token sale, too?
Linda: Rewards is already an existing platform, as you know. Right now, any members who leave their cash back in their account will automatically convert to the RWRD token in May.
There is also a token sale going on now. We are minting 1 billion tokens and 400 million are for sale in the token sale. Our whitepaper and token sale information can be found on the website rewardstoken.io
The transition to RWRD tokens on the site has already begun. Those who have balances in May will get a 25 percent bonus on the balance when they convert.
Bao: Does Rewards.com offer incentives for third-party entrepreneurs trying to utilize the RWRD token?
Todd: We will be rolling out the full rewards protocol for other rewards programs to link in.
Rivetz: So how does that work? Obviously, before, people were able to cash in rewards with partners such as hotels, airlines, etc., as you said above. How will they be able to use the tokens?
Linda: That’s one of the reasons I think the community likes us. We’re easy to understand. Everyone likes earn rewards. And earning a crypto for making purchases for hotels, clothes — the stuff you buy anyway — is a no-brainer.
Our explainer video puts it into simple terms:
Todd: The tokens are redeemable at our merchant partners. We have (everything from) travel products to everyday items
Rivetz: How will they be able to use the crypto? If you could explain the mechanics of it. Is the token just a different form of a point? And what does the partner do with the token then?
Linda: RWRD tokens can be redeemed for food, clothes, tickets — pretty much anything. RWRD tokens also will trade on the exchanges.
Todd: You can look at the token as a form of point, but with real value unlike a hotel point. So that does a few things: it lets the customer set the value, and it makes the point/token fungible across the network. Merchants currently do not have to worry about the crypto part of it, as we do all the conversion on our side.
Rivetz: So people will be able to buy tokens on exchanges that they then will be able to use with Rewards partners? That sounds very interesting!
Linda: My response tells you why there will be millions of shoppers and consumers using the program. For example, Rewards currently has more than 7000 merchant partners, such as Walmart, Groupon, Staples, Lowes, etc. If you shop through Rewards, you will earn RWRD if you make a purchase.
Let’s say you buy a grill from Lowes and pay $400. You would earn $20 in RWRD. You can use your RWRD token for a Subway sandwich or concert tickets — or you can take them out on the exchanges and trade them for Bitcoin.
Todd: They can buy from the exchange or earn then from our merchant partners. As tokens are earned, we have to buy from our exchange partner to fulfill the new earnings. For every 100,000 shoppers, we have to buy about 5 million in our token from the market.
Bao: Could you describe, in short, why you’re choosing to use the blockchain technology for other reasons than the security aspects of it?
Linda: The first phase of the project is ERC20. In phase 2, we are actually going to be creating our own blockchain. This will let us leverage years of experience in loyalty, helping the hotels with things like customer management, cost savings around the loyalty process itself — and the most beneficial thing of all, the RWRD token is not a liability for the program.
The application will run on Ethereum and will consist of multisig wallets, smart contracts, and an off-chain ledger stored in a private database that will be published daily to IPFS for transparency and whose hash will be stored on Ethereum.
There are bunch of reasons, but some of them are just cool. Because we are all about engagement and doing things like contests, voting, etc., our community now has the opportunity to participate actively by voting in new merchants, voting out merchants, (or even) allocating RWRD tokens for things like disaster relief. Pretty much anything they can think of.
Todd: The blockchain allows us to do many things. First, it allows for a global exchange of currency. There is no other reward program where you can earn in the U.S. and spend in the U.K., for example. It also allows for many programs to take advantage of the same platform and consumer base, while allowing the consumer to control their own data.
Then, there is the currency having real value — this lifts liability from the program and allows them to exchange currency with other programs. And many more (aspects). It’s just an amazing fit.
Bao: Where is the intrinsic value of RWRD based on? As in, when you say $20 worth of RWRD, does that mean the token is based on the value of the U.S. dollar?
Todd: As we drive sales for our merchant partners, they pay us part of the transaction. So, you go to Home Depot and spend $100, we get about 7 percent — or $7 — of that transaction. We will take that and buy tokens from the market to give you your $7 worth of RWRD tokens.
And if the token comes back for redemption — say you go to lunch at Chili’s — your token will convert for the merchant at the current spot price of the token. We will use a mobile payment app for this.
Bao: Will there be rewards for getting more businesses signed up to join Rewards.com (affiliate marketing)?
Linda: We will layer in Rewards through entire platform. We do have a referral program.
Todd: We have been in the market for over 15 years building programs for Bank of America, American Airlines, United Airlines, Sony, etc. Over that time, we have built more than 7,000 merchant relationships and are adding more all the time.
Rivetz: So @Bob_Digital & @bao asked at the very start: How does Rivetz fit into all this and how do you see us integrating with each other?
Linda: I think Rivetz is a good partner because they have a solid team and many years of experience — but the more direct answer is the security layer. We do have a wallet, and one of the areas we’ll expand out with our partnership with Rivetz is the security for the wallet.
Todd: Rivetz has a currency management platform coming out that will fit very well with Rewards as we move into the white label part of our program for rewards programs. This will all us to move white-labeled currency between programs with security and ease.
Michael: Hey guys, because we love our partnership with Rivetz, we wanted to give you guys a special referral bonus. So anyone that enters in a referral code ‘Rivetz’ when signing up will get a 100 percent bonus when they participate in our token sale. To join the token sale, just go to rewardstoken.io and click on “Buy Token” at the top.
Bob: Is the token sale open to non-accredited U.S. citizens?
Michael: The token sale is current open to non-U.S. investors and accredited U.S. investors at this time. However, we will have two other opportunities for non-accredited U.S. investors to join, providing there are still tokens available after our marketplace launches. You can join in at that time or on the open exchange.
For more information about Rewards, visit their website Rewards.com or their token sale site, rewardstoken.io. If you have further questions about the Rewards token sale, visit the Rewards Telegram channel. For more information about the partnership, visit the Rivetz Telegram channel.