Prudence Pitch

08:30 12/01/2020 | 7newstar.com

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IoTex unveils Ucam that is a blockchain-powered private home camera that uses end-to-end encryption to ensure user privacy

(Tech) The device might be just what hackers don’t want when it comes to the security of the internet of things, or making everyday objects smart and connected. But this kind of technology might help tech vendors comply with privacy laws such as the California Consumer Privacy Act (CCPA), which went into effect on January 1.

 

 

Ucam is designed to give people peace of mind and is the first smart device powered by IoTex’s privacy-centric blockchain platform. Its features include 1080p HD video, motion detection, night vision, and two-way audio.

The device allows users to monitor their homes from anywhere at any time. More importantly, IoTex said Ucam offers stronger protection against brute-force hacking than the user-generated passwords that have been a key target in recent high-profile home camera breaches.

IoTex said Ucam enables private video streaming and places full ownership of its data in the hands of users, who can flexibly set their own storage parameters. Ucam owners, rather than corporations or cloud service providers, will have data freedom because they own and control all of the data the camera produces. The combination of these features makes Ucam a significant improvement over existing home security cameras in terms of safety and privacy, the company said.

Ucam is now available for preorder at https://ucam.iotex.io. It is priced under $50, or about 50% less than similar home cameras sold by big companies. IoTex has raised about $25 million from more than 50 accredited investors, including Draper Venture Network, Blockchange Ventures, Kenetic Capital, Hashkey Capital, and more.

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