everlastingflower: Vecap

Vecap

Luckily for them, Vecap’s founders got a team of blockchain & smart contract experts together to find a solution. By combining these two technologies, we can secure all communications between devices in your network. If these connections are protected, so are you.

We believe that in all technical fields, safety and efficiency should be the top priorities, even more so when it comes to your home and your personal information. This belief underpinned our work in guarding your privacy. That allowed us to conciliate the technological progress and online security without compromising. The age of the smart home is just around the corner. While greed blinded the manufacturers of IoT devices, we focused on ensuring the primacy of the right to privacy for everyone.

Using our software infrastructure and physical hub, Vecap ensures all communications between external devices within smart homes are safe. With smart contract transactions protecting the internal connections of your network, and all recorded information being kept on a decentralized ledger, no hackers will give you nightmares.

Blockchain technology stacks the odds in your favour, so you don’t have to pick between your privacy and progress. The hope that every user should control his or her life independent from hacking threats has guided our founders and expert team in building a reliable, faster, and more trusted platform.

The peace of mind you’ve always wanted is well within your reach. Secure your smart home with Vecap.

Mission & Vision

VeCap’s mission and vision can be summarized in one simple phrase. We want to create the „Next generation of smart home and office“. VeCap will focus on making a home and office that think ahead come to life.

PROBLEM

Insufficient protection

Several devices from well-known companies and other vendors have serious breaches in their security systems: unsufficient encryption, weak authentication requirements (e.g. auto-login), a possibility of external connections via VPN. All it takes is one unprotected device to compromise the security of your smart home. Hackers only need to find that one breaking point to bring down your whole network.

Fast break-in

It takes hackers less than a minute to get access to smart home devices, from phones and TV´s to routers and consoles, all these machines are connected to the internet. Huge numbers of devices with zero-day vulnerabilities will be hacked as soon as the breaches become known before manufacturers will be able to update all vulnerable smart devices.

Short-term thinking compromised long-term security.

Plenty of entry points

An average smart homeowner has several smart devices and a single unprotected one is enough to compromise an entire network.

Vecap starts a revolution in IoT security

Don’t worry, our solution is as ambitious as it is simple. We’ll use smart contract transactions to secure all internal communications within your home system. Every action on the Vecap platform will be recorded on our blockchain, in an immutable database that is nearly impervious to corruption. A hacker would have to take control of 51% of such network just to control a specific device, rendering this effort impossible by every definition of the word.

By protecting the links between each device and uniting all smart homes in a decentralized network, Vecap safeguards all private information against malicious actors. We have reached a new privacy-protecting standard, one that does not rely on built-in security functions.

Problems and VECAP’s solutions

Interest in the Internet of things and the number of existing IoT devices continue to grow every day! But the security of IoT devices is significantly inferior to the pace of development of the Internet of things. According to Ericsson research, there will be over 18 billion IoT devices in the world by 2022. At the same time, according to AdaptiveMobile, about 80% of existing IoT devices do not have a sufficient level of protection. Thus, it becomes obvious that the issue of security is vital for the further development of the Internet of things technology.

Ø What does VeCap offer?

VeCap will be able to protect all smart home or office devices by combining them into a single decentralized network. All transactions made between IoT devices will be recorded in the blockchain on the basis of smart-contacts. Blockchain records will be duplicated on millions of IoT devices in tens of thousands of smart homes and offices, which will make this network virtually invulnerable.

Ø But that’s not all!

Another important problem faced by owners of smart homes is the problem of compatibility of devices with each other. BCG and McKinsey argue that in order to increase the market share of smart homes, their suppliers must develop ecosystems and platforms for compatible devices, which will eliminate the limitations of their offerings. The earliest owners of smart homes will be the first to understand the problem, who deal with the problem of compatibility of devices in their homes. Therefore, all IOT devices certified by VeCap will be automatically added to the blockchain ecosystem, which will allow them to interact with each other directly or through special VeCap modules.

More information about the solution for IOT from VeCap-on our official website https://vecap.io