Imagine entering your home and your door automatically opens for you, lights turn on automatically, AC turns on by itself and your TV tunes to your favorite station. How amazing that will be. That is exactly what 'internet of things' does. It simply means devices and physical objects connected to the internet such that the internet controls them. With these devices, one's home becomes a 'smart home' and an office a 'smart office'. Consumers all over the world are enthused about this development and are in anticipation of what a smart home or smart office will look like.
Vecap has noticed this trend and has designed an amazing project. In advanced countries, the value of IoT devices is much higher as compared to less advanced countries. We have noticed that, even though IoT devices are increasing in number day in day out, their security is questionable and prone to hackers. This is believed to be a hindrance to the spread of these devices. We have also noticed that interoperability (how devices work together) is very poor. In addition, IoT devices are centralized and their management and operation is quiet costly. In case there is a failure in any of the service provider, the whole network is likely to fail.
Vecap has noticed all these problems and will use block chain technology to solve it. This technology helps to reduce the portal of entry by different users hence maximizing security. Decentralization also creates ways for a while lot of devices to connect to the network without traffic and without a server or a service provider. The decentralized system also allows storing of data and connections on the block chain network making it almost impossible to be attacked by hackers. It is believed that companies who specialize in a specific area of IoT will enjoy greater benefits.
The smart home industry as well as smart office industry is growing and will continue to grow hence a potential for making constant profit in the coming years. Vecap offers a specialized Blot solution that helps to address all customer problems. With the issue of interoperability, in both homes and offices, the devices certified by Vecap will be added to the blockchain ecosystem allowing them to communicate with each other. In addition, other devices created by other companies that are not verified by Vecap will be connected to adapters to allow them to work together. Even though most of Vecap certified devices will not be connected to the Vecap central module, users can set rules for devices connected to the module. For example if a user is not at home, he or she can set rules to determine how these devices operate in their absence.
Vecap will be responsible for producing certified IoT devices after which a certification committee will approve it. There will also be a constant certification renewal process to ensure all devices are working perfectly.
TOKENOMICS
Two tokens will be used on the platform. Firstly Vecap tokens will be used for purchasing hardware devices and for paying monthly subscriptions. IoT tokens will be used for transactions between smart devices. A total of 1 billion tokens will be issued and will be used for ICO, pre-ICO and shared between investors.
Token distribution
Tokens will be sold at $0.12 with a soft cap of $24M, medium cap of $48M and a hard cap of $72M.
In conclusion, Vecap will provide the best experience for smart homes and smart offices. Partner with us and enjoy this wonderful experience of maximum security, decentralized network and increased interoperability for IoT devices.
You can read more about this project through the following link:
Website:https://vecap.io/
Whitepaper: https://vecap.io/uploads/2019/01/VeCap_Whitepaper.pdf
Telegram : https://t.me/Vecapbounty
Authorship
My BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=2067551