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VECAP - Company Overview


VECAP protects all devices within the home and sensible workplace by desegregation them into a suburbanised network. Transactions between IoT devices are recorded on the blockchain as sensible contracts. A hypothetic hacker can have over fifty one of networks to crack bound devices, and this task is nearly impossible: all blockchain entries are duplicated on many IoT devices in tens of thousands of sensible homes and offices.

VECAP offers a special BIoT answer for sensible homes and sensible offices that solve key client issues. the corporate has deep data and skill within the IoT "smart home" and "smart office" segments, which can facilitate quickly gain market share.

VECAP also will create AN adapter to attach devices from alternative makers. The adapter can enable the combination of sensible objects nearer reception through the blockchain system, permitting all sensible devices to figure along.

The VECAP central module are liable for network devices. because of the central module, users are able to set rules for sensible homes and sensible offices. However, the foremost common devices can perpetually have to be compelled to be connected as a result of their restricted computing power. Most VECAP devices are able to act with one another while not intervention from the central module, which can create the system additional immune to attainable technical issues with it.

The central module are connected on to a licensed VECAP device. VECAP can solely manufacture the minimum range of basic IoT devices.

The certification method can incorporates VECAP customary analysis by third-party vendors, adapting devices to the standards and VECAP certification committee. Most of them are made by alternative suppliers. to confirm the protection and compatibility of all devices within the system, VECAP can tack the certification method. Standards embody hardware and software system necessities for the device.

VECAP acknowledges the very fact that some shoppers have purchased devices that aren't certified by VECAP. to draw in these individuals and corporations and create VECAP offerings additional versatile for them, VECAP can create AN adapter.

In essence, it'll be a tool which will connect open customary IoT devices that haven't been certified by VECAP to the blockchain system. Thus, barriers to connecting VECAP system to shoppers are lower.

VECAP system are a market wherever instrumentation makers will promote and sell their product, expand their future comes and communicate with customers. this technique also will embody VECAP funds to support producer initiatives.

Transactions in the VECAP managed blockchain system will be paid for by tokens. There will be two types of tokens: VECAP tokens to pay a monthly subscription and purchase of hardware and IoT tokens, which will be burned every time a transaction occurs between IoT devices. Thus, VECAP will make money not only on software, devices, and commissions in online stores, but also on the large number of transactions that will occur between several IoT devices.

VECAP will create a public Blockchain platform on Ethereum, which will support smart contracts to ensure smart home security and smart office devices.

Because security issues are one of the biggest in the field of IoT for smart homes and smart offices, VECAP customers will benefit from using a public blockchain platform that brings together all users' devices. Because hackers need to control more than 51% of devices in the System to hack them, the more devices connected to the platform, the better. The Blockchain technology will ensure device security, but it will not protect user data. To overcome this problem, VECAP will add end to end encryption. In addition, this platform will be able to analyze energy consumption patterns, spending, cellular communication, labor productivity, etc. However, VECAP can negotiate the creation of a private block chain platform for B2B company customers who want to separate themselves from the public platform.

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Author : appdeal

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