The Rivetz ecosystem is designed to be a simple system that offers an intuitive approach to cyber security. It is built around hardware-based identity. Rivetz works through the Trusted Execution Environment which is a private hardware system that can be operated through any smartphone but works independently from the OS. No apps or software can have access to what’s happening inside the vault as it works in isolation. That’s why Rivetz is able to work in absolute security while managing keys, password and other information.
Rivetz makes use of the RvT token and blockchain to ensure cryptographically that the vault in your phone is secure right through the time it travels from the manufacturer to your wallet. The RvT blockchain is engineered to run checks to verify the integrity of the vault. It also makes sure that the transactions happen exactly the way users intend it to happen.
Essentially, RvT works to create the system for cybersecurity micropayments. The RvT is used by banks for identity verification while withdrawing funds. The local stores also use RvT for protection of their supply chain. In other words, routine tasks and actions can be powered by the blockchain in a very secure manner.
The RvT model can provide an operational as well as a business role. The operational role has been designed to evolve as technology moves from simple use to full integration into cryptocurrency. The platform has already prototyped the technology to integrate the solution efficiently. However, some of the core capabilities are available only in the mainstream blockchain roadmap.
Future plans of Rivetz involve investing in the technology to operate and integrate the RvT into cases of critical applications. They want to make sure that every token and chain can benefit from the cybersecurity controls enabled by Rivetz. The achievement of this objective rests largely on several factors such as competition and upcoming technologies and its adaptability.
The Rivetz team with their many years of experience in computing and blockchain technologies has been able to secure over a million dollars in revenue from the U.S. government for many projects. Rivetz technology is compatible with over 500 million mobile phones for existing non-blockchain capabilities. This can help in for multifactor and embedded authentication as well as in file encryption and secure messaging.
The total supply of RVT in the market is 200,000,000 of which 26,244,468 are in circulation presently. The market cap is $18,918,719 and the currency is trading at $0.720865.
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