Airbitz and Matryx Partnership Combines Blockchain and Virtual Reality

  • “The toughest problem with integrating and developing blockchain platforms is private key management,” explains Matryx CEO Steve McCloskey, who graduated from the world’s first Nanoengineering department at UC San Diego.
  • Neither Airbitz nor Matryx will have access to user keys or private information.
  • “By using Airbitz SDK technology, we can better focus on various design aspects of our virtual reality and blockchain platforms.”
  • A forthcoming ‘EDGE’ wallet will allow users of Matryx’s virtual reality collaboration platform to trade in ERC20 tokens, which are tokens designed by developers and projects atop the Ethereum blockchain.
  • “The Airbitz Edge wallet supports Ethereum-based ERC20 tokens, which will give our VR experience an integrated means of exchanging ERC20’s on the platform,” says McCloskey.

Two San Diego-based blockchain companies are hoping to merge blockchain and virtual reality. Bitcoin wallet and edge security platform Airbitz has partne…

“The toughest problem with integrating and developing blockchain platforms is private key management,” explains Matryx CEO Steve McCloskey, who graduated from the world’s first Nanoengineering department at UC San Diego. “The Airbitz system allows users themselves to secure private keys.” Neither Airbitz nor Matryx will have access to user keys or private information.

“We think controlling your own private keys, instead of relying on a centralized third party, is critical to the blockchain experience,” relays McCloskey. “By using Airbitz SDK technology, we can better focus on various design aspects of our virtual reality and blockchain platforms.”

Airbitz SDK secures many different types of data while providing all the benefits of blockchain, such as decentralization and immutable record keeping. “Users essentially login using their Airbitz wallet with their phone, which then informs our VR system to realize that this is the correct user that has logged in, thereby verifying identity,” elucidates McCloskey. “Then, the system tracks how they participate on Matryx, and whether they need IP or tokens attributed to them for their design efforts.”

“The platform is zero knowledge meaning that even Airbitz doesn’t have access to user data,” said Airbitz CEO Paul Puey. “While best known for their bitcoin mobile app, Airbitz applies the same techniques to allow for several types of data to be secured on end user devices.”

Airbitz has been known as one of the stalwarts…

Airbitz and Matryx Partnership Combines Blockchain and Virtual Reality