The accomplished blockchain technologies company PeerStream, Inc. has joined the partnership of Telefonica’s cybersecurity unit ElevenPaths and decentralized hardware-based cybersecurity leader Rivetz, to work cooperatively on next-generation zero trust architectures, and offer privacy and security protection for business communications.
Alex Harrington, CEO of PeerStream, said: “We are excited to collaborate with such esteemed partners to build groundbreaking software that has the potential to deliver real value for a large worldwide client base. We are honored to join ElevenPaths and Rivetz in this common vision.”
PeerStream is focusing on privacy and security improvements and the development of enterprise-grade communications software that is being readied to enter the market under the Backchannel brand. Backchannel incorporates a growing suite of software tools created to control secure, real-time data and messaging channels, including support for video streaming. The company’s decentralized network routing technology may operate on either blockchain or traditional distributed architectures.
In accordance with the agreement, Backchannel will be integrated with the Dual Roots of Trust advanced cybersecurity architecture, which was developed by Rivetz and ElevenPaths. The Dual Roots of Trust cryptography allocates a user’s private key to two independent roots of trust, thus providing an additional layer of protection for private keys even if one of the systems is compromised.
Steven Sprague, CEO of Rivetz, stated: “We use dozens of apps and services on our smartphones daily – making us ‘modern subscribers’ – but at the same time we’ve transformed our mobile devices into repositories of personal, financial and other sensitive data. We are pleased to bring security and privacy at the hardware level along with PeerStream’s offerings. The integration of built-in security is expected to allow users to simply and safely make trusted payments, communicate and stream video.”