What is the essence of VeCap technology its uniqueness?
VeCap will develop its own blockchain platform on Ethereum, which will support smart contracts in order to guarantee the security of the use of IoT devices for smart homes and offices.
> Public blockchain platform
The security problem is one of the most significant vulnerabilities of IOT devices in smart homes and smart offices. By bringing together IoT devices of all network users, the public platform VeCap helps its users to get rid of this problem.
A hacker will need to control more than 51% of the system devices for its successful hacking, which means that the more IoT devices will be connected to the system, the lower the probability of this event. But, nevertheless, it is possible to agree with VeCap on the creation of private platforms based on blockchain technology for corporate B2B customers who would like to separate from the public platform.
In addition, the platform will be able to analyze the statistics of energy consumption, purchases, use of mobile communication, productivity of workers, etc.
> Smart contracts
Information about transactions between devices will be stored in smart contracts based on Ethereum blockchain. The use of smart contracts will increase the speed of operations, which will help VeCap to track the number of IOT tokens burned. Decentralized and resistant to hacker attacks, VeCap’s smart contract system can create a high standard for the smart home and smart office market.
> Data encryption
Blockchain technology ensures the security of the device, but cannot protect user data. In order to solve this problem, VeCap will add to the system function end-to-end encryption.
Detailed information about the device platform VeCap is presented in our WhitePaper https://vecap.io/pdf/whitepaper/VeCap_Whitepaper.pdf