Telecom Breakthrough: Blockchain to Stop Big Brother From Watching You
Cointelegraph spoke with Roman Nekrasov about Encrypto Telecom, an intriguing projects in the Blockchain space setting out to transform telecommunication industry.
Ensuring privacy and security is perhaps one of the key issues in the era of the Internet. Advancements in technologies allowed us to access information faster, communicate easier and at the lower cost. However, the same technologies allowed third parties to collect our personal data.
“The Internet is the most liberating tool for humanity ever invented and also the best for surveillance,” said John Perry Barlow, the cyber rights activist, “It is not one or the other. It is both.”
Cointelegraph spoke with Roman Nekrasov, CEO and Co-Founder of Encrypto Telecom, an intriguing project in the Blockchain and cryptocurrency space setting out to transform telecommunication industry.
There is a lot to be changed in telecom industry
Roman came to Blockchain industry with Bitcoin mining. In late 2012, following his friend’s advice he set up a Bitcoin farm using four Radeon 7970 video cards. As the Bitcoin price was rising, he got more and more interested in the technology behind Bitcoin, how cryptocurrencies work and what are the reasons of such an obsession about cryptocurrencies nowadays beside mining.
In 2014, working in the local telecom company, Roman encountered a bunch of issues ranging from absolute lack of interest in customers’ needs, inconvenient user interface of personal accounts, topped with vulnerability of customers’ personal data.
“It was the time I came up with the idea to start a project which could solve some of these problems through integration of Blockchain technology. This is how we created Encrypto Telecom. My partners supported the idea, and agreed that we had everything we needed to create a service we imagined - convenient, secure, protected and at an adequate price.”
So insecure, so vulnerable!
It is a scary thought, but our personal data is being monitored constantly. It is collected by a range of organizations or individuals, ranging from state agencies, harvesting data for the purposes of ensuring national security, to business corporations, wishing to learn more about customer’s habits.
The safety of collected data can never be fully guaranteed - high-profile hacks and leaks of millions of users’ accounts details, passwords, credit cards information, home addresses take place with frightening frequency. Besides, hackers and malicious organizations can purchase this data to defraud its owners.
There is now a whole bunch of applications for communication through instant messaging, voice and video calls. Some of them are placing privacy and security at the core, however, there are applications still relatively insecure.
Thus, even if the content of the call is not intercepted, it is still possible to collect metadata and other details posing a risk to the security and privacy of those making a call.
Ensuring privacy of communications
EncryptoTel has developed a platform that enables users to communicate securely through existing applications such as Zoiper, X-Lite, etc, ensuring full encryption of voice and video calls and financial privacy through integration of cryptocurrency payments tools.
EncryptoTel’s suggests integration of a virtual private branch exchange (PBX), which can be rolled out for businesses easily and quite fast. It will enable businesses to deploy a secure Internet-based telephone network, which could be connected to the external phone system. Many offices are already using PBXs or IP-PBXs, EncryptoTel aims to develop this model further significantly improving privacy and making it more cost-effective.
Nekrasov told Cointelegraph:
“EncryptoTel is more than just another PBX system. Besides offering a range of services for businesses, we are also aiming to extend these services to individual customers, who wish to communicate not caring too much about the privacy of their personal data.”
Currently there are no competing companies in the space offering similar model. “Well, there are giants like Twillio and DIDWW, but we don’t consider them as our competitors, as our approaches differ a lot,” Nekrasov explains. “We are aiming to take the maximum benefit from integration of Blockchain technology and cryptocurrencies. Moreover, we are planning to collaborate with these companies to expand our services and numbering capacity.”
How the platform works
EncryptoTel uses the most innovative digital technology solutions, including encryption through open, trusted algorithms, and Blockchain technology. The company has developed services for a basic user, businesses and marketing agencies.
EncryptoTel’s PBX allows transferring incoming calls to any number, including mobile and stationary phones. It is possible to carry a fully automated distribution of calls with the help of specially created schemes and scenarios.
Once the complex setting up of the call queue and incoming calls transfer schedule is completed, it becomes easy to distribute calls among let’s say company’s employees, therefore significantly simplifying tasks of a secretary.
Platform also offers a number identification feature along with hiding/substitution of the number. The most reliable traffic encryption protocols are used to ensure privacy of all conversations. All data is effectively protected inside the network and only the user can have access to it through a personal account.
Roman says that the interest in EncryptoTel is already huge, however, there is a number of challenges the team had to encounter. Thus, there is no clear understanding among users what is the PBX and how it functions, not even mentioning the understanding of Blockchain technology, but EncryptoTel team members are always ready to address all the questions and requests from customers.
“We would like to expand our services, attracting more and more customers but the project is currently financed through our personal savings, as well as with the support of friends and community.”
On April 24, EncryptoTel launches an ICO, which is going to last for 37 days. The team is expecting to raise at least $100,000, which would allow building a stable and fully-functional PBX. In case the ICO attracts more than $250,000, company will embark on development of a native traffic encryption protocol based on Blockchain technology. If investments exceed one mln. EncryptoTel will start a huge campaign aimed at international expansion in B2B, B2C, B2G sectors.
The EncryptoTel team has successfully completed development of the majority of platform’s features of a working BETA version of the platform, which can be found here.