EOT - Encryption of Things
https://bit-media.org/wp-content/uploads/2017/08/EOT-4.pngIntroducing the “Encryption of Things” - EOTThere is a huge surge in devices attached to the internet, known as the Internet of Things, and it is estimated that over 80 Billion devices will be connected to the internet by 2025, from industrial machines to devices in our home. The constant hacking and cyber attacks have increased not only the demand but the necessity of secure solutions. Our privacy and digital footprint are at risk.
Some examples where encryption plays a role:-
Secure messaging - To make messages truly secure we need a process whereby a cryptography can be applied to encrypt transaction.
Secure calling - Secure calling is a process whereby the caller and the recipient of the call are identified and linked via a blockchain enabled cryptocurrency transfer, again creating public and private encryption keys making the call truly private.
Secure media storage - To safely and securely store media a process is required where 1.) Access to the media is encrypted via public and private keys of the person wanting to store the media. 2.) The media itself needs to be encrypted with a set of encryption keys and 3.) Media storage costs need to be paid via cryptocurrency
Secure browsing - To browse the internet securely we need to create a process of verification whereby nodes on the blockchain can verify websites as “safe”. Furthermore, the entire process needs to be encrypted as well.
Verification - This is one of the most important uses of a blockchain, we can verify websites as in the example above but also various other things such as identity, title and ownership, date stamps and source of products as with the verification of source of agricultural or other products. These are just a few examples. All of this data needs to be encrypted as well.
“Smart home” security - Wi-Fi is often used for remote monitoring and control. Home devices, when remotely monitored and controlled via the Internet, are an important constituent of the Internet of Things - all needing encryption, otherwise hackers paradise.
EOT in the future - The examples we mentioned above are only “scratching the surface” of where these technologies are applicable and who knows what will be invented in future. Google, Apple and Uber are all testing cars that drive themselves. A major issue with this technology is again the security aspect and the need to protect against hacking and who want’s to get into a spaceship to Mars that might be hacked or hijacked by ransomware?
So the future for the “Encryption of Things” – EOT, looks very interesting indeed and the role of cryptocurrencies in this will be major.
Read the full white paper here -
http://eottoken.com/index.php/whitepaper/
The first device using EOT Coin is the BitVault® - the World's first crypto communicator and blockchain phone. The BitVault is a revolutionary new product that is built around security and privacy enabled through Blockchain technology. Biometric Security enabled through fingerprint and iris scan. Iris patterns are unique to you and are virtually impossible to replicate. This means that iris authentication is one of the safest ways to keep your BitVault locked and the contents private. Proven Biometric technology brings a whole new level of security to your cryptocurrency and blockchain transactions. Creating Military grade security for your device through third party independent Multilayer security.
More on the BitVault here -
https://swissbankinyourpocket.com/bitvault/The EOT Token is will be trading on the Waves Platform until 31 October 2017 - thereafter, the token will be redeemed 1:1 for the open source and decentralized EOT Coin, which will then also be available on other exchanges.
Opportunities are available with EOT - from Development, Mining, Trading as well as other business opportunities built around the EOT currency and the "Encryption of Things"
EOT Community -
http://encryptionofthings.org/community/Mining EOT -
http://encryptionofthings.org/mining-eot/Full Node Source Code -
https://github.com/EmbeddedDownloads/EOTCoin
