Crypviser is building “the first encrypted network for social and business communication based on Blockchain”.
The World Needs Encryption
With the inception of the Internet, securing information has become a fairly complicated task. While physical documents were somewhat easy to protect, the digital world provides many more challenges as information needs to be constantly available and in transit.
Cryptography has become indispensable for both individuals and companies, the former of which rely on it not just to protect their financial security and professional information, but also to provide them with personal privacy.
Online safety and privacy is still a distant reality, however. Just this year, we’ve seen many large-scale hacks, leaks, and data breaches like Bell Canada’s hack in May, the Cloudflare vulnerability in February, and a data breach to PoliceONE that resulted in thousands of law enforcement forum accounts stolen.
Cybercrime is only a part of the problem, however, as average citizens are also subject to privacy breaches from government entities themselves, a common occurrence in social media and IM apps.
Crypviser: Leveraging DLT to enhance privacy
Due to the aforementioned problems, privacy has become a scarce and precious commodity that is highly sought after by some and loosely sacrificed by others. Keeping your communications secure is indispensable for most people and companies and while some IM solutions are available, their centralized model often makes them vulnerable allowing these companies to access information selectively and making them prone to attacks.
In A Cypherpunk’s Manifesto, published on March 9, 1993, author Eric Hughes notes:
Privacy is necessary for an open society in the electronic age. Privacy is not secrecy. A private matter is something one doesn’t want the whole world to know, but a secret matter is something one doesn’t want anybody to know. Privacy is the power to selectively reveal oneself to the world.
Enter Crypviser, a project that is leveraging the transparency and decentralized nature of the blockchain to build a fully encrypted network for secure communications that can be used by individuals and companies alike. Crypviser’s authentication model allows users to identify themselves and confirm each other’s identity.
The Crypviser system will not be limited to messages within the ecosystem, as the OpenWorld technology will also provide services that extend to the outside world as well, including international VoIP calls, International Virtual DID numbers, wholesale minute packages for international calls and more.
CVCoin & ICO
Since the Crypviser model is based on blockchain technology, transactions are required in order to “authorize and identify the users’ public encryption keys”. Crypviser will use its own blockchain for this purpose, whose value token is called CVCoin. The CVC coin will be used to pay the transaction fees when authorizing and identifying the users’ public encryption keys.
Not only will the CVC token be required to interact with the Crypviser product, it will also allow users to make in-chat transactions through the use of the CVPay tool, enabling a simple tipping system that can also be used for any other types of transactions.
In order to provide a fair distribution of the CVC token and to fund the development and marketing of Crypviser’s ecosystem, an Initial Coin Offering (ICO) campaign is currently ongoing and will last until June 30, 2017. So far, Crypviser has gathered roughly $1.6 Million, a modest sum in today’s ICO frenzy that leaves the company some room to grow.
Can Crypviser be the next step in cryptography-based privacy for secure communications? Share your thoughts in the comment section.
Images courtesy of Crypviser, ShutterStock