IoTeX Partners With Tenvis Technology To Offer Ucam
IoTeX Partners With Tenvis Technology To Offer Ucam
September 30, 2020
IoTeX Partners With Tenvis Technology To Offer Ucam
IoTeX Partners With Tenvis Technology To Offer Ucam
September 30, 2020

IoTeX, a privacy-focused platform for the Internet of Things, has partnered with Tenvis Technology, a camera manufacturer, to offer Ucam, an indoor security camera powered by blockchain technology.

It has been reported that Larry Pang, the Head of Business Development at IoTeX, said that Ucam users can access their camera data through a decentralized system and log in with an “uncrackable” password. 

However, the camera or a user’s mobile phone handles all the computing, meaning decryption occurs on the devices, letting users control their own data.

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 system was designed to avoid the type of data and security breaches that have haunted many companies behind internet-based surveillance cameras. Amazon’s Ring users reported a series of breaches in December, some of which involved hackers using the system to harass people in their homes.

ALSO READ :  Ukrainian Ministry of Digital Transformation Releases A Web Series To Educate Citizens About Blockchain

There were similar incidents from Google Nest camera users this year, one of which involved a bad actor playing pornographic sounds into a 2-year-old girl’s bedroom.

Pang said:

“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.”

Likewise, by using blockchain infrastructure, Ucam will reportedly bring the end-to-end encryption typical of cryptocurrencies to home surveillance by using blockchain infrastructure.

Pang also said that even non-tech savvy Ucam users will start to see the benefits of the technology, offering the traditional camera features they want with the crypto concept of “not your keys, not your coins.”

ALSO READ :  South Korea To Adopt A Blockchain Voting System

He added:

“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.”

By stating the underlying technology would provide a brand new way to reach those unfamiliar with digital currency, Pang said:

“We can try to convert [customers] into crypto users.”

Thus, he concluded:

“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.”

Source: Cointelegraph


Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.