Next generation of Smart Home
DEVICES ARE BECOMING INCREASINGLY INTERCONNECTED IN A DECENTRALIZED WAY. NUMBER OF IOT DEVICES
WILL BECOME LARGER THAN SMARTPHONES IN THE NEXT 3 YEARS
SMART HOMES AND OFFICES ARE UNDER THREAT OF BEING HACKED
Insufficient protection: Several devices of Amazon and other vendors have serious breaches in their security systems: insufficient encryption,
weak authentication requirements (e.g. auto-login), possibility of external connections via VPN, etc.
Fast break-in: It takes hackers less than a minute to get access to smart home devices, for example coffee machines and DVRs. Huge numbers of devices with zero-day vulnerabilities will be hacked as soon as the breaches become known, before manufacturers will be able to update all vulnerable smart devices.
Plenty of entry points: An average smart home owner has several smart devices and a single unprotected one is enough to compromise
an entire network. The number of vulnerabilities will become critical since it is expected that in 2020 each home will have an average of 50 interconnected products.
VECAP STARTS REVOLUTION IN IOT SECURITY
Extremely reliable: VeCap removes a need to rely on built-in security functions. VeCap protects all devices in a smart home by uniting all homes in a decentralized network. All transactions between IoT devices are recorded in blockchain via smart contracts. With this approach, hypothetical hacker needs to take over control of 51% of such network to control a specific device. The completion of this task is almost impossible: all blockchain records are duplicated on millions of IoT devices in tens of thousands of smart homes.
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