IoTEX in partnership with Tenvis announced the new UCAM which is the world’s first Blockchain-powered home security camera. Let’s delve into the features of the device. If you have some basic understanding about Blockchain then go ahead. In case if you’ve hearing blockchain for the first time, no worry, we’ve explained briefly below in this article.
Wikipedia has a simple definition of Blockchain. “A blockchain originally blocks chain, is a growing list of records, called blocks, that are linked using cryptography”. A blockchain is a decentralized, distributed, and most public. The invention of the blockchain for bitcoin made it the first digital currency to solve the double-spending problem without the need for a trusted authority or central server.
IoTEX and Tenvis UCAM Security Camera
The UCAM functions very much similar to that of any home security camera except with some added benefits which will be discussed below. UCAM comes with most premium features such as Full-HD 1080p video recording and playback, 360 ° coverage, night vision, motion detection alerts, and two-way audio.
What really makes the UCAM unique from other security cameras is the built-in privacy features. End-to-end encryption makes the data accessible only to the users at either end. No one can access it during transmission because of encryption. The UCAM uses the IoTeX blockchain and decentralized identity to authorize who can view what content and for how long. Furthermore, all the content acquired by UCAM is the exclusive property of the user. No one will be able to access it, not even IoTeX or Tenvis.
IoTeX and Tenvis are introducing an exciting new paradigm for privacy: their new cameras including the UCAM will be user-centric, allowing consumers to own their data. No one else has tried this before making it a versatile product. Interested users can visit their official website for more information on the product and avail the best offers. However, it is retailing at the discount price of $44.99.
- Enhanced Privacy and Security
- 1080p HD Video recording
- 360-degree coverage
- Motion Detection
- Night Vision
- Two-way Audio
- Lifetime Technical Support
Blockchain can be defined as a digital ledger consisting of digital records called Blocks. Blocks are used to record transactions across many computers so that any involved block cannot be altered retroactively, without the alteration of all subsequent blocks and requires consensus of the network majority. By design, a blockchain is resistant to modification of the data. This allows the participants to verify and audit transactions independently and at a much lower cost. A blockchain database is managed autonomously using a peer-to-peer network and distributed timestamping server.
Blocks hold batches of valid transactions that are hashed and encoded into a Merkle tree. Each and every block includes the cryptographic hash of the previous block in the blockchain, which links the two. The linked blocks form a chain. This iterative process confirms the integrity of the previous block, all the way back to the original genesis block.
It is the average time it takes for the network to generate one extra block in the blockchain. For example, in the case of Bitcoin, it takes on an average of 10 minutes to generate a new block.
This is an important security feature of blockchain. By storing data across the peer-to-peer network, blockchain eliminates risks that come with data being held centrally. The decentralized blockchain uses ad hoc message passing and distributed networking. These blockchain networks lack centralized points of vulnerability that computer crackers can exploit also one thing to note is that it has no central point of failure.
Blockchain security methods include the use of public-key cryptography. A public key is a long, string of numbers that looks random. It is an address on the blockchain. Value tokens sent across the network are recorded as belonging to that address. A private key is like a password that gives its owner access to their digital assets or the means to otherwise interact with the various capabilities that blockchains now support.
Well, that’s a lot of information. Hope you enjoyed reading about the UCAM and blockchain in general.
ALWAYS BE THE FIRST TO KNOW – FOLLOW US!