Companies to Display Their Blockchain Offerings at Premiere Mobile Event
RICHMOND, MA and NEW YORK, NY, Feb. 12, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Rivetz, a leader in decentralized cybersecurity, today announced it will be joined by global internet solutions provider PeerStream (OTCQB: PEER), at their partner pavilion at 4YFN, the sister conference to Mobile World Congress in Barcelona. The companies will be demonstrating advanced mobile security for messaging and media streaming at Booth 116 in Hall 4YFN Montjuic Hall M8, from Feb. 25-28.
PeerStream has been building innovative consumer apps for 20 years, with its flagship video chat product, Paltalk. Now PeerStream is introducing Backchannel, a blockchain-enabled secure live video messaging app targeting prosumer, enterprise and government use cases. Released in private beta in December 2018, Backchannel uses blockchain technology to provide the foundation for decentralized security assuring only the users control their keys and communications. Backchannel is built on PeerStream Protocol (“PSP”), which adds an additional layer of security that anonymizes and protects the user’s identity along with their streamed data.
The Rivetz Network and Toolkit enable companies and platforms to build hardware-level security into their offerings. The easy-to-integrate solution offers state-of-the-art protection of the user’s identity and encryption keys. The technology is built on already embedded Global Platform standards.
“Our organizations share a common goal in the continued development of security- and privacy-oriented solutions covering a spectrum of applications. We look forward to continuing our collaboration with the Rivetz team and leveraging their technology to extend and complement our own," said Eric Sackowitz, PeerStream's Chief Technology Officer.
"PeerStream provides a great solution for content sharing and messaging, showing how blockchain technologies can be put to work," said Steven Sprague, CEO of Rivetz. “We are pleased to provide the mobile security that puts the user in control of their identity and their privacy, assuring safe and simple operations.”
About Rivetz
Rivetz technology and services aim to provide a safer and easier-to-use model for all users to protect their digital assets using hardware-based trusted execution technology. The device plays a critical role in automating security and enabling the controls that users need to produce high assurance data and benefit from modern services. Rivetz leverages state-of-the-art cybersecurity tools to develop a modern model for users and their devices to interact with services on the Internet. Find out more at www.rivetz.com and follow Rivetz on Facebook, Twitter, YouTube and Telegram.
Media contact: Community@rivetz.com
About PeerStream Inc. (OTCQB: PEER)
PeerStream is a global internet solutions provider pioneering the real-world adoption of emerging blockchain technologies by developing software, services and applications for corporate clients and consumers. PeerStream supports clients’ transition to blockchain through license of proprietary software such as PeerStream Protocol (“PSP”), a protocol for decentralized multimedia communications and live video streaming currently in development. PeerStream has a 20-year history of technology innovation and holds 26 patents. For more information, please visit: http://www.peerstream.com. To be added to the news distribution list, please visit: http://www.peerstream.com/investor-alerts/.
Forward-Looking Statements
This press release contains "forward-looking statements." Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential," or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties related to our increasing focus on the use of new and novel technologies, such as blockchain, to enhance our applications, and our ability to timely complete development of applications using new technologies; our ability to effectively market and generate revenue from our new business solutions unit; development and acceptance of blockchain technologies and the continuing growth of the blockchain industry; legal and regulatory requirements related to the use of blockchain, us investing in cryptocurrencies and accepting cryptocurrencies as a method of payment for our services, the use of the internet and privacy and protection of user data; risks related to our holdings of XPX tokens, including risks related to the volatility of the trading price of the XPX tokens and our ability to convert XPX tokens into fiat currency; and our ability to manage our partnerships and strategic alliances, including the ability of our partners to satisfy their obligations under these arrangements. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission ("SEC"), including the Company's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's website at http://www.sec.gov.
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PeerStream Contacts:
IR@peerstream.com
Kirin Smith / Stephanie Prince
PCG Advisory Group
ksmith@pcgadvisory.com / sprince@pcgadvisory.com
646-863-6519