The Combination Of Blockchain And Smarthomes

Blockchain and Smart homes might be the next big thing. With the real estate industry continually on the move, the mix with the Internet Of Things …

Built on the blockchainShutterstock

Blockchain and Smart homes might be the next big thing. With the real estate industry continually on the move, the mix with the Internet Of Things appears to be a logical step forward. We spoke to Imad Labbadi, Founder and CEO of VeCap GMBH, a new blockchain startup that specializes in the delivery of smart homes.

You consider yourself to be a blockchain consultant? What is your opinion of the space at the moment?

“In the next few years, Blockchain technology will change the world as we know it now. The number of blockchain investments and activities is increasing sharply. This is most clearly reflected in the various proofs-of-concept of Blockchain companies. However, it will take some time before some of these projects are ready to be officially launched on the market. However, already today the advantages of the blockchain-technology for companies as well as governments cannot be denied”.

Labbadi studied Blockchain Technology at an early age to understand its advantages and disadvantages as well as its applications. Projects such as EOS and IOTA, which showed real visions of the future, were inspiring and interesting to him.

“It was important to me to understand the blockchain technology in a way that it can be applied to current problems in a solution-oriented way on this basis and the current infrastructure I developed the idea for our project Vecap”.

The cryptocurrency market has once again taken a nosedive in the past weeks. Asked if he thought that there would be a recovery at some point or would there be a continued decline, Labbadi replied that it was common for every industry to have its ups and downs. He continued by saying that the market must first free itself of all the garbage and that projects were needed that could realistically connect to the real market and offer a foreseeable added value. This would allow a person who was not familiar with blockchain technology to be involved.

He also stated that whether the market rose or not was likely to depend on the SEC’s decision on current ETF applications and that the ETF boss at Bitwise was confident that 2019 would be the year that a Bitcoin ETF would be launched. Labbadi added that still, others provided evidence for an imminent crypto boom from bitcoin. He also stated that we could also be curious to see how the market developed in the coming months and that he was looking forward to this in a positive way. He concluded by stating that many companies were currently working on establishing a realistic business as they do and that he was therefore optimistic about the Kryptomark.

Imad Labbadi, CEO VeCapVeCap

What is VECAP offering to the market that kind of smart homes are you developing? And how do you tackle security in your product?

“Vecap offers a very simple solution to a project that ensures the security of a smart home network thanks to innovative blockchain technologies and smart contracts. Every action carried out on the Vecap platform will be recorded in an immutable and virtually invulnerable database – in order to crack it, the hacker would need to get administrator access to 51% of individual devices, which becomes absolutely impossible as the project spreads around the world”.

Labbadi added that Vecap combines all smart homes into a single decentralized network and protects their data from intruders. The platform uses an innovative security standard that is independent from the built-in security features. Thus, thanks to Vecap, hackers will no longer be able to penetrate the smart home data network and violate their privacy as they will no longer depend on a group of disparate storage devices on a company’s vulnerable server. At the same time, Vecap will be able to make your data network not only safer, but also much faster and more efficient.

Do you believe that mass adoption is only round the corner?

“I am sure that this is the case as our market analyses in the IoT & Smart home segment show that the number of IoT devices will increase sharply in the next 3 years – today you can already control conventional devices such as refrigerators and smart washing machines. It won’t be long before every device you want to buy is smart and connected to your internet – at the latest there you offer an enormous attack surface that can harm your privacy and that regardless of whether you buy smart home devices or not. With our Vecap Central Module you are able to protect all these devices”.

When asked what his personal opinion on the IOT was and how blockchain and the IOT would merge, Labbadi replied that the IOT itself was fascinating and exciting, offering both enormous potential and challenges which would be overcome. He said that one of the greatest challenges of the IoT was a Security ecosystem that encompassed all fields of IoT architecture. He went on to state that addressing the security issue in the IoT was of paramount importance for future development. This was exactly where the connection of Blockchain came into a decentral approach for IoT networking which would close the major security gaps, introducing a standardized peer to peer communication model which would process millions of transactions between devices.

He stated that the advantage of reducing the cost of installing and maintaining large centralized data centres prevented a failure of a single node in a network from causing the entire network to fail and that Blockchain technology had become an essential part of innovation for many. He concluded by saying that it offered the opportunity to develop new business models and, in addition, recorded transactions or any digital interaction securely, transparently, fail-safe, auditable and efficiently. According to him, the blockchain technology was the missing link which would solve data protection and reliability problems as well as security gaps in the IoT

Do you think your product is a step forward the smart homes industry can do? Apps, exchanges, payment platforms are being developed and sponsored with initial coins offering so why go for smart homes?

“I certainly think so, we ourselves have to constantly improve our product and adapt it to the development of the IoT and Blockchain market. Our product will be the first of its kind to implement the IoT and Blockchain link, in a segment that already has many security problems and we want to be the ones to solve them. As soon as we have achieved that and we will, it will significantly advance the smart home market and also the IoT market. This is also the reason why we chose Smart home as our project. We wanted to achieve something that is different from others in the real market and can be realized in the foreseeable future and solve an already existing problem. This way we not only create an interesting project for our community but also a real one. This is also the reason why we have specialized in smart home and smart offices and that time will come when it will be necessary to specialize to achieve progress”.

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VeChain (VET) Collaborates with Mlily, Official Global Partner for Manchester United

… teams says “companies like Mlily have unique barriers and business processes that make VeChain Thor a stronger smart contract platform”.
VeChain (VET) Collaborates with Mlily, Official Global Partner for Manchester United

VeChain (VET) has announced a partnership deal with Healthcare Co. Ltd. (Mlily), an official global partner for Manchester United since 2016.

Mlily is a China A-Shares listed Public Company and a Shanghai Stock Exchange Mainboard listed Company, DBA Mlily.

It is the largest memory foam mattress and smart bedding product research, development and manufacturer in the whole of China.

Aside that, Mlily is the maiden among its peers to go into healthcare-related industries utilizing its proprietary Smart Bedding products.

The healthcare bedding firm has global recognition, operating in Canada, Japan, Ireland, UK, US and China.

Healthcare Co. LTD has been an official partner for Manchester United, signing a 5 year contract since October 31st, 2016.

Mlily is to use VeChain Thor for Proof of Origin, Proof of Authenticity and Supply chain management. According to estimate, the project is expected to add nothing less than “20 million RFID chips every year for the next five years (blockchain data entry points) on chain”.

While showing their happiness, VeChain teams says “companies like Mlily have unique barriers and business processes that make VeChain Thor a stronger smart contract platform”.

VeChain has been showing its superiority for some times now. The blockchain platform has been among the most required owing to its unmatched traceability solution demanded by big companies across the globe.

Not long, VeChain’s traceability solution was demanded to fight PharmaScandal in China, the blockchain companies has ready-made innovations that works best in the supply chain industry, pharmaceutical space, food and wine industries among others.

With VeChain’s readiness to liberate the society of counterfeit goods, the blockchain industry stand to benefit a lot from the corners of the world.

VeChain is employed by Cyprus Government. The company will bring in worthwhile innovations that has the potential of transforming the country. VeChain’s innovations is making observers to say the blockchain firm is the future of IoT.

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Desire (CRYTarget PriceO:DSR) Price Reaches $0.0043

Desire (CRYTarget PriceO:DSR) Price Reaches $0.0043 … Ethereum Classic (ETC) traded 4.3% lower against the dollar and now trades at $4.29 or …

Desire (CURRENCY:DSR) traded 5.9% lower against the US dollar during the 1-day period ending at 13:00 PM ET on January 13th. During the last week, Desire has traded down 3.1% against the US dollar. Desire has a market capitalization of $27,892.00 and approximately $6,027.00 worth of Desire was traded on exchanges in the last 24 hours. One Desire coin can currently be bought for approximately $0.0043 or 0.00000121 BTC on major cryptocurrency exchanges including CryptoBridge, CoinExchange, Mercatox and Stocks.Exchange.

Here is how related cryptocurrencies have performed during the last 24 hours:

Bitcoin (BTC) traded 4% lower against the dollar and now trades at $3,594.91 or 1.00000000 BTC.

Ethereum (ETH) traded 4.7% lower against the dollar and now trades at $119.10 or 0.03318014 BTC.

Bitcoin Cash (BCH) traded down 5.9% against the dollar and now trades at $123.44 or 0.03438979 BTC.

Litecoin (LTC) traded 5.1% lower against the dollar and now trades at $31.08 or 0.00865848 BTC.

Monero (XMR) traded down 4.8% against the dollar and now trades at $44.14 or 0.01229808 BTC.

Ethereum Classic (ETC) traded 4.3% lower against the dollar and now trades at $4.29 or 0.00119656 BTC.

Zcash (ZEC) traded down 4.3% against the dollar and now trades at $52.56 or 0.01464329 BTC.

Dogecoin (DOGE) traded 0.6% lower against the dollar and now trades at $0.0021 or 0.00000059 BTC.

Bitcoin Gold (BTG) traded 2.4% lower against the dollar and now trades at $11.30 or 0.00314696 BTC.

Nano (NANO) traded down 4.1% against the dollar and now trades at $0.87 or 0.00024223 BTC.

Desire Coin Profile

DSR is a proof-of-work (PoW) coin that uses the NeoScrypt hashing algorithm. Its genesis date was October 15th, 2017. Desire’s total supply is 7,022,401 coins and its circulating supply is 6,422,401 coins. Desire’s official website is www.desire-crypto.com. The Reddit community for Desire is /r/desireCoin and the currency’s Github account can be viewed here. Desire’s official Twitter account is @DesireCoin.

Desire Coin Trading

Desire can be purchased on the following cryptocurrency exchanges: Stocks.Exchange, CryptoBridge, CoinExchange and Mercatox. It is usually not possible to purchase alternative cryptocurrencies such as Desire directly using U.S. dollars. Investors seeking to acquire Desire should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Desire using one of the aforementioned exchanges.

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American Professors Developing a Cryptocurrency that Will Top Bitcoin

Satoshi Nakamoto’s (the mastermind of bitcoin) real identity remains a mystery, but now at least we all know who’s willing to throw a challenge at him- …

It was merely last year that a group of American professorscollaborated and formed a non-profit foundation by the name DistributedTechnology Research (DTR). Now the brightest minds under the foundation havecome up with their first project-Unit-e, a cryptocurrency they claim to processabout 10,000 transactions per second.

Could Unit-e DethroneBitcoin?

Satoshi Nakamoto’s (the mastermind of bitcoin) real identityremains a mystery, but now at least we all know who’s willing to throw achallenge at him- DTR. Under the mantle of DTR, backed by Pantera Capitalmainly for developing the next-generation digital currencies for broaderadoption, are presenting Unit-e.

The proposed cryptocurrency is to launch later this year,and it has been claimed that it will do what the giant coin has provedincapable of doing: processing about 10,000 transactions per second. Perhaps,the purpose of the currency is to solve the scalability problem of bitcoin thathas continuously been the target for the critics all the years.

Interestingly, the virtual coin in the making is claimed to beat Visa’s throughput which boasts below 2,000 transactions per second. Comparing to bitcoin’s 7 TPS and Ethereum’s 30 TPS, Unit-e will surely be miles away from the current state of transactions.

Redefining Blockchain

DTR did their homework and had to deconstruct the blockchaintechnology which supports the cryptocurrencies to come up with scalability aswell as higher speeds. According to Pramod Viswanath, a researcher on DTR and aprofessor of electrical and computer engineering at the University of Illinois,they sought to improve most elements of the blockchain.

The performance limits of blockchain were the target, andthen technologies designed that will operate close to the limits as much aspossible. The lightening network is for instance supposed to make the paymentsfaster as well as cheaper without the need of recording each transaction on theblockchain.

The new methods of sharding that allow partitioningblockchains is another new method apart from the payment networks created.Success is not yet guaranteed for Unit-e, but in the long-term, it’s the besttechnology that will carry the day. Whether Unit-e will dethrone bitcoin ornot, is a matter of time that will tell.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of journaltranscript.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: https://www.journaltranscript.com/disclaimer

Aidos Kuneen (CRYTarget PriceO:ADK) Price Attains $2.91 on Major Exchanges

Aidos Kuneen (CRYTarget PriceO:ADK) Price Attains $2.91 on Major … Ethereum Classic (ETC) traded 4.9% lower against the dollar and now trades …

Aidos Kuneen (CURRENCY:ADK) traded 4.7% lower against the US dollar during the 24 hour period ending at 10:00 AM Eastern on January 5th. During the last week, Aidos Kuneen has traded down 2.7% against the US dollar. One Aidos Kuneen coin can now be bought for approximately $2.91 or 0.00080692 BTC on cryptocurrency exchanges including AidosMarket and Stocks.Exchange. Aidos Kuneen has a total market cap of $0.00 and $26,260.00 worth of Aidos Kuneen was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed during the last day:

Bitcoin (BTC) traded down 3.8% against the dollar and now trades at $3,602.91 or 1.00000000 BTC.

Ethereum (ETH) traded down 4.1% against the dollar and now trades at $120.00 or 0.03332631 BTC.

Bitcoin Cash (BCH) traded 5.3% lower against the dollar and now trades at $124.05 or 0.03445014 BTC.

Litecoin (LTC) traded 4% lower against the dollar and now trades at $31.38 or 0.00871485 BTC.

Monero (XMR) traded 4.4% lower against the dollar and now trades at $44.35 or 0.01231519 BTC.

Ethereum Classic (ETC) traded 4.9% lower against the dollar and now trades at $4.29 or 0.00119058 BTC.

Zcash (ZEC) traded down 3.3% against the dollar and now trades at $52.98 or 0.01471413 BTC.

Dogecoin (DOGE) traded down 0.3% against the dollar and now trades at $0.0021 or 0.00000059 BTC.

Bitcoin Gold (BTG) traded 3.6% lower against the dollar and now trades at $11.24 or 0.00312025 BTC.

Nano (NANO) traded down 3.1% against the dollar and now trades at $0.88 or 0.00024396 BTC.

Aidos Kuneen Profile

ADK is a proof-of-work (PoW) coin that uses the IMesh hashing algorithm. Its genesis date was June 6th, 2017. Aidos Kuneen’s total supply is 25,000,000 coins. Aidos Kuneen’s official website is aidoskuneen.com. Aidos Kuneen’s official Twitter account is @Aidos_kuneen.

Aidos Kuneen Coin Trading

Aidos Kuneen can be bought or sold on these cryptocurrency exchanges: AidosMarket and Stocks.Exchange. It is usually not presently possible to purchase alternative cryptocurrencies such as Aidos Kuneen directly using U.S. dollars. Investors seeking to trade Aidos Kuneen should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Aidos Kuneen using one of the exchanges listed above.

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