Modern IOT devices managed and delivered through cloud service providers, as well as their security systems, contain serious violations, including insufficient encryption, weak authentication requirements (for example, automatic login or default password) and the ability to connect externally via VPN, which makes it possible to access the system without the consent of the host.

Today, getting access to smart home devices takes hackers less than a minute. Devices with zero-day vulnerabilities could be hacked as soon as security breaches become known. Manufacturers are unable to update all smart devices instantly.

In addition, the IOT system has many entry points. The average smart home owner uses several smart devices, and the lack of full protection on just one of them is enough to get access to the whole network of “smart home”. By 2020, each house will have at least 50 interconnected devices, which will only increase the risks of hacking the system.

What does VeCap system do?

VeCap protects all smart home and smart office devices by connecting them via a decentralized network. Transactions between smart home devices will be recorded in the blockchain as smart contracts. Hypothetically, a hacker would need to own more than 51% of the network in order to hack into a particular device, which makes this task almost impossible, since all blockchain records will be duplicated on millions of IoT devices in dozens and thousands of “smart homes” and “smart offices” around the world.

You can learn more about the implementation of the concept in the field of security improvement from VeCap on our website https://en.vecap.io/.