VECAP

VECAP is a blockchain-based IoT security solution.

Whitepaper

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What is VECAP

VeCap protects all devices in a smart home and office by uniting them in a decentralized network. Transactions between IoT devices will be recorded in blockchain as smart contracts.

A hypothetical hacker will have over 51% of the network to hack a specific device, and the completion of this task is almost impossible: all blockchain records would be duplicated on millions of IoT devices in tens of thousands of smart homes and offices.

Value of Interoperability

In home environment interoperability will have the biggest impact through linking chore automation with energy and security systems and by increasing customer satisfaction through pleasing experience of using compatible devices

Interoperability will mostly affect offices through enhanced energy management and security in buildings and the productivity increase achieved by offering the workers ideas on how to better their performance and making office a more comfortable place to be.

However, to this day there is no universal solution on the market that could make these benefits come to life. VeCap is going to offer this solution.

VeCap’s Solution

VeCap certified devices will be automatically added to the blockchain ecosystem that allows them to interact with each other directly or via VeCap Smart Home and Smart Office Central Module.

VeCap will also create an adapter to connect uncertified devices manufactured by other companies. Adapter enables a tighter integration of the smart objects in the home via blockchain ecosystem allowing all smart devices to work together.

VeCap Central Module

VeCap Central Module will be in charge of the device network. Through central module users will be able to set up the rules for smart home and smart office.

The majority of VeCap devices will be able to interact with each other without the intervention of central module which will make the system more resistant to possible technical problems with it.

VeCap certified devices

The central module will connect directly to VeCap certified devices. VeCap will produce only the minimal number of basic IoT devices.

The majority of them will be produced by other vendors. To make sure the security and interoperability of all devices in the system, VeCap will set up a Certification Process.

The certification process will consist of analysis of the VeCap standard by third-party vendor, adaptation of a device to the standard and VeCap certification committee.

Standards include information about the hardware and software requirements for devices.

After the successful certification, selected devices will be marketed and sold on VeCap online store.

The devices that have positive feedback from users will be additionally promoted by VeCap each month.

There will also be a constant certification renewal process to make sure the alignment of existing devices with updated standards.

VeCap Adapter

VeCap do recognizes the fact that some consumers have already purchased the devices that are not certified by VeCap. To attract these people and companies and to make VeCap’s offer more sticky for them, VeCap will produce a VeCap Adapter.

Basically, it will be a device that will connect open standard IoT devices that were not certified by VeCap to the Blockchain system. Thus, the barriers to joining VeCap Ecosystem for consumers will be lower.

VeCap Ecosystem will be a marketplace where hardware producers will be able to promote and sell their products, crowdfund their future undertakings and communicate with customers. The ecosystem will also feature a VeCap Fund for supporting producers initiatives.

Online hardware store

Hardware producers will be able to promote and sell their products via VeCap’s store.

Crowdfunding platform

Each producer can apply for crowdfunding of a new product to speed up development process and meet customers demands

Community

Social media platform to increase engagement of producers and create additional

VeCap’s fund for supporting producers initiatives

VeCap will act as an investor for development of the most promising products interactions with customers