San Diego — Matryx (https://matryx.ai.) and Airbitz are teaming up to bridge the gap between virtual reality and blockchain-based identity.

Bitcoin wallet platform Airbitz has partnered with Matryx, a platform for decentralized collaboration, in order to increase the latter’s usability and security. Integrating Airbitz SDK applications into virtual reality allows for a more streamlined blockchain experience in VR. Matryx will leverage the Airbitz Edge Security SDK for security and privacy.

“In an ideal world, users wouldn’t have to remove the VR headset to communicate with a blockchain platform,” says Edgardo Leija, Matryx Co-Founder. “Airbitz’s integration into VR products is essential to improving our user experiences.” The end goal is safe and comfortable user experience.

“We believe users should be in control of their own assets and effectively manage their own private keys,” says Matryx CEO Steve McCloskey. “Through our partnership with Airbitz we are adding value to our customers by offering a secure and reliable private key management system while they interact with the Matryx platform.”

Matryx facilitates collaboration within the STEM fields. (science, technology, engineering and math) A key aspect to this is increased collaboration. Matryx believes the way to do this is by incentivizing contributions to projects and research with rewards.

Edge Security will allow Matryx platform users to sign in to the platform with a username and password, and automatically encrypt the data client-side and create backup private keys. Neither Airbitz nor Matryx will have access to user’s keys or private information.

“Airbitz is excited to partner with organizations like Matryx to bring zero-knowledge security solutions to its users,” said Paul Puey, CEO of Airbitz. “Projects like Matryx are the first glimpse into how blockchains will be used as tools to do many things in a new way. They have an excellent team with a proven track record delivering products to market.”

Other applications using Airbitz Edge Security include the decentralized prediction market Augur, the DAO management platform Wings.ai, and Cashaa, the blockchain remittance platform.

“The Airbitz SDK decentralizes security while keeping data in the hands of end users,” stated Puey. “The six pillar platform known as Edge Security secures data with blockchain-inspired technology to provide high security standards in an easy to use app. The Airbitz SDK locally encrypts data on end user devices, synchronizes it across devices, provides automatic, encrypted backups, and enables one-touch Two Factor Authentication. The platform is zero knowledge meaning that even Airbitz doesn’t have access to user data. 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.”

This initiative with the innovative Airbitz allows Matryx to accentuate a key aspect of blockchain technology: decentralization. Users on the Matryx platform can rest assured that neither Airbitz nor Matryx controls their private keys. They do. And they do so in the Metaverse. By confirming their identity with the Airbitz SDK on Matryx, VR users can bring their cryptocurrencies and ERC20 tokens with them into a virtual shared space.

About Matryx

Matryx aims to incentivize collaboration in fields of knowledge and creation like science, technology, engineering, and mathematics (STEM). The open source platform consists of a bounty system, a library of digital assets, and a marketplace. Matryx will create a de facto standard for incentivized collaboration on top of the Ethereum blockchain using the ERC20 token MTX. Matryx is a product of Nanome Inc., creator of virtual reality software for scientific research and development. The Nanome software suite includes Calcflow, the industry-leading VR mathematics toolkit, nano-one, a VR interface for nanoscale design and simulation and Matryx. For more information, please visit https://matryx.ai.