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Bitcoin and the Role of Known Devices

Last summer, JPMorgan Chase lost over 80 million customer records.

In 2013, Target lost over 40 million records.

These two cyber-attacks alone amount to a stunning 1.2 billion passwords lost.

So what can be done to prevent situations like these? Rivetz proposes a shift to a model where the users leverage their collection of devices.  Not just one, but many devices provide the right answer. Instead of relying on one super device, this model depends on all devices working together to protect their user. As electronic services grow, people need help to remember all of their codes, perhaps even to remember all of the services they use. Rivetz provides a new model: one that is built not on one, but on many devices, helping the user to manage access and to address the risks of losing any one of their devices. Devices are good at checking each other and they are good at following rules. They should be configured to serve their user and to provide the safest and most private experience. Devices are also good at helping a user to manage privacy, if properly configured. Registering a device is a simple, one time step that allows devices to communicate and work in collaboration to provide the best experience.

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