IoTeX Offers Privacy Focused Surveillance Camera Based on Blockchain Technology September 30, 2020 September 30, 2020 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsSeptember 30, 2020 by Kelly Cromley

IoTeX Offers Privacy Focused Surveillance Camera Based on Blockchain Technology

IoTeX, a privacy-centered tool for the IoT (Internet of Things), has collaborated with camera manufacturer Tenvis Technology to offer Ucam, an in-home surveillance camera powered by blockchain technology.

Larry Pang, chief of business development at IoTeX, stated that Ucam users will be able to access the data recorded by the camera through a decentralized platform and log in using an “uncrackable” password.

The camera or a smart phone of user manages the process of computing, implying decryption happens on the gadget, enabling users to have a control over the info.

Pang said “A private key is used to end-to-end encrypt all the data. We need to have technology that guarantees our privacy and our ownership instead of terms and conditions and policies.”

The tool was built to prevent the kind of data and security infringement that have affected several firms using internet based surveillance cameras. Back in December, Amazon’s Ring users alleged a plethora of breaches and some of those incidents involved harassment of people residing in their homes by hackers.

Earlier this year, identical incidents happened to those who used Google Nest Camera. One such incident involved criminal playing pornographic sounds in the bedroom of a 2-year old baby girl.

IoTeX executive explained the nature of those hacks “These kinds of hacks are all ‘walking through the front door. They’re password-based hacks, where they’re brute-force hacked. An 8-character password can get breached in a few minutes.”

By utilizing blockchain framework, Ucam will supposedly deliver the end-to-end encryption, a distinct characteristics of cryptos, to home security by utilizing blockchain framework.

Pang pointed out that even Ucam users who are not tech oriented will begin to witness the advantages of the technology, with both conventional features and crypto notion of “not your keys, not your coins” being provided together.

“What better kind of daily life problem is there than peace of mind and privacy? That’s the first kind of intro for people to crypto.”

Furthermore, IoTeX executive said “We can try to convert [customers] into crypto users.”

He further pointed out that the underlying technology would offer a totally different kind technique to reach those who do not possess adequate knowledge about digital currency. “We’re not talking about speculation of assets. They don’t really need to know about blockchain — they just need to know privacy is the goal, privacy is the result.”

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.