Tenvis & IoTeX Launch Ucam, a New Home Security Camera that Protects Your Privacy

Ucam is the first absolutely private home security camera where users exclusively own and control their videos. Ucam offers all of the latest security camera features, as well as unprecedented privacy and data ownership for users.


Ucam delivers impenetrable security and privacy that gives users the freedom to exclusively own and control all videos from their Ucam.

IoTeX, a Silicon Valley-based technology platform for privacy-protecting smart devices, and Tenvis Technology Ltd, a global security camera manufacturer founded in 2005, announced today the launch of Ucam, the world’s first blockchain-powered and privacy-protecting home security camera that is now for sale on Amazon.

With a vision for an Internet of Trusted Things, IoTeX has partnered with specialist camera manufacturer Tenvis to co-develop this first-of-its-kind security camera with absolute privacy. Ucam applies blockchain, end-to-end encryption, and edge computing technology to deliver impenetrable security and privacy that gives users the freedom to exclusively own, control, and share the videos captured by their Ucam.

“We are proud to bring the first 100% private consumer product to the mass market with Ucam,” IoTeX CEO Raullen Chai said. “Ucam allows parents, caretakers, pet owners, and more to protect their loved ones without ever worrying about being spied on. Only the Ucam owner and authorized users can access your Ucam and your videos -- not even our engineers have access under any circumstance. With no strings attached, Ucam users will have peace of mind knowing there is no corporation manipulating or selling their data because all of it is owned by the user.”

Ucam, at a retail price of under $50 (3h 21m) on Amazon, was awarded the CES Innovation Award 2020 for Cybersecurity & Personal Privacy. Ucam has all the features of leading home security cameras on the market today, such as 1080p HD video, 360-degree coverage, motion detection alerts, night vision, and two-way audio. But the true differentiating features are related to security and privacy. Ucam uses blockchain to remove the risk of brute-force password hacks and end-to-end-encryption to enable private live-stream video and recorded clips sharing. The camera debuted at this year’s Consumer Electronics Show (CES) in Las Vegas and has been in beta testing with hundreds of users for most of the year ahead of today’s official launch.

“In our years of experience with security cameras, we have never seen such a complete offering in a camera that can keep our users’ private moments absolutely private,” Tenvis founder Felix Lee said. “Ucam users will enjoy all the features they want from a home camera, with the big feature they need: privacy.”

Ucam exemplifies IoTeX’s vision to empower user-centric smart devices that deliver all of the convenience and features that users expect but with full privacy. With Ucam, all computing is done locally on the Ucam device or the user's mobile phone, removing the need for centralized servers entirely. The only place where users’ data is decrypted is on the devices that they own. When in transit, all data is immediately end-to-end encrypted using a one-of-one blockchain private key that is owned exclusively by the user and impossible to crack for maximum security.

IoTeX is empowering a borderless ecosystem for smart devices with privacy and data ownership as first principles. The IoTeX platform currently powers an array of private smart devices across a number of industries, such as Ucam and the Pebble Tracker asset tracking device. The IoTeX platform combines blockchain, secure hardware and confidential computing to ensure users are the only ones in control of their devices and data. The IoTeX vision includes healthcare wearables, asset trackers, and other devices that manage sensitive data.

“The creep of surveillance capitalism into our homes and neighborhoods is threatening our fundamental right to freedom and privacy for individuals. But data ownership provides people with the freedom to choose whether to keep their data fully private, share it with others or authorize its use by corporations. This is antithetical to today’s centralized models, which operate as data dictatorships, where citizens must ask corporations to delete, transfer, or do anything else with their data,” Chai said.

Raullen Chai is available for interviews.

About IoTeX
Founded as an open source platform in 2017, IoTeX is building the Internet of Trusted Things, where all physical and virtual “things” — humans, machines, businesses, and DApps — can exchange information and value at global scale. Backed by a worldwide team of 30+ research scientists and engineers, IoTeX combines blockchain, secure hardware, and decentralized identity innovations to empower intelligent IoT networks and machine economies. By serving as a decentralized trust fabric for IoT, IoTeX will empower the future decentralized economy by “connecting the physical world, block by block.”

About Tenvis
Established in 2005, Tenvis Technology Co., Ltd is a leading IP video product and solution provider integrating R&D, manufacture and sales. We strive to provide high quality, competitive priced network video surveillance devices and professional services for worldwide clients. Our products are exported to all over the world with a full range of network security products, which covers MJPEG and H.264 cameras and they also gained a good reputation for their high cost-efficiency.

Source: https://www.prweb.com/releases/tenvis_iotex_launch_ucam_a_new_home_security_camera_that_protects_your_privacy/prweb17427808.htm

Testadex Group News: Ucam is today's feature story on @Cointelegraph !

Testadex Group News: Ucam is today's feature story on @Cointelegraph !:   IoTeX, a privacy-focused platform for the Internet of Things, has partnered with camera manufacturer Tenvis Technology to offer Ucam, an i...

Ucam is today's feature story on @Cointelegraph !

 IoTeX, a privacy-focused platform for the Internet of Things, has partnered with camera manufacturer Tenvis Technology to offer Ucam, an indoor security camera powered by blockchain technology.

Head of business development at IoTeX Larry Pang told Cointelegraph that Ucam users can access their camera data through a decentralized system and log in with an “uncrackable” password. The camera or a user’s mobile phone handles all the computing, meaning decryption occurs on the devices, letting users control their own data.

“A private key is used to end-to-end encrypt all the data,” said Pang. “We need to have technology that guarantees our privacy and our ownership instead of terms and conditions and policies.”

The system was designed to avoid the type of data and security breaches that have haunted many companies behind internet-based surveillance cameras. Amazon’s Ring users reported a series of breaches in December, some of which involved hackers using the system to harass people in their homes. There were similar incidents from Google Nest camera users this year, one of which involved a bad actor playing pornographic sounds into a 2-year-old girl’s bedroom.

“These kinds of hacks are all ‘walking through the front door,’” said the IoTeX exec. “They’re password-based hacks, where they’re brute-force hacked. An 8-character password can get breached in a few minutes.”

By using blockchain infrastructure, Ucam will reportedly bring the end-to-end encryption typical of cryptocurrencies to home surveillance by using blockchain infrastructure. Pang said that even non-tech savvy Ucam users will start to see the benefits of the technology, offering the traditional camera features they want with the crypto concept of “not your keys, not your coins.”

“What better kind of daily life problem is there than peace of mind and privacy? That’s the first kind of intro for people to crypto.”

“We can try to convert [customers] into crypto users,” said the IoTeX exec, stating the underlying technology would provide a brand new way to reach those unfamiliar with digital currency. “We’re not talking about speculation of assets. They don’t really need to know about blockchain — they just need to know privacy is the goal, privacy is the result.”

Source: https://cointelegraph.com/news/blockchain-technology-now-powers-a-privacy-focused-security-camera

Testadex Group News: Introducing mimo: Faster, Lower Cost, Cross-Chain DEX

Testadex Group News: Introducing mimo: Faster, Lower Cost, Cross-Chain DEX:   Official mimo website:  https://mimo.finance  Introducing mimo: Fast, Low Cost, Cross-Chain DEX Today we are proud to introduce  mimo  4 ,...

Introducing mimo: Faster, Lower Cost, Cross-Chain DEX

 

Official mimo website: https://mimo.finance 

Introducing mimo: Fast, Low Cost, Cross-Chain DEX

Today we are proud to introduce mimo 4, a new cross-chain decentralized exchange (DEX) developed by CapitalMu 2, a fintech organization consisting of engineers, practitioners, and researchers from the National University of Singapore (NUS). Our vision for mimo is to empower innovative decentralized finance (DeFi) applications on IoTeX, which is the perfect blockchain for DeFi due to its speed (5-sec blocks with instant finality), low fees (almost-zero gas fees), and cross-chain flexibility (support of IoTeX & Ethereum assets).

This initial release of the mimo DEX focuses on peer-to-peer trading and community-managed liquidity pools. Compared to other DEXs, mimo is faster, cheaper, and more efficient thanks to CapitalMu’s research-backed automated liquidity protocol that synchronizes perfectly with the features of the IoTeX blockchain. Traders, arbitrageurs, and liquidity providers will enjoy fully decentralized trading with 5-second trade finality and almost-zero gas fees – no other DEX comes close!

Our long-term vision for mimo is to create an ecosystem of #DeFIoT products/services, which will be anchored to mimo’s automated liquidity protocol. In addition to the trading of cross-chain digital assets (e.g., IOTX/ETH) that is now available, mimo will be expanded to enable the tokenization and trading of IoT datasets/devices, asset-backed derivative products and more. As the canvas for unprecedented #DeFIoT business models, mimo will help to unlock the trillion-dollar IoT data market.

We are proud to launch mimo with the support of the IoTeX Foundation and welcome everyone to explore mimo and enjoy its unique benefits – we welcome any feedback to make mimo even better! In the rest of this blog, we explain the history of DEXs and how mimo is redefining the DEX landscape.

Demystifying Decentralized Exchanges

Decentralized exchanges (DEXs) emerged in 2014 as an alternative to centralized exchanges after the implosion of Mt. Gox, which handled ~70% of BTC transaction volume at its peak. Between 2011 and 2013, through a combination of thievery and fat fingering, 400,000 Bitcoin (about $450 million at the time) went missing. Mt. Gox’s irresponsibility morphed into full-fledged insolvency in early 2014 after numerous requests to withdraw Bitcoin went unanswered. As a result the market hemorrhaged, and confidence across the entire cryptocurrency industry was severely impacted.

Today, mainstream centralized exchanges operate with the utmost attention to their users’ funds and have secured insurance and introduced safeguards that Mt. Gox never did. However, it’s ironic that trustless and secure digital assets continue to trade mainly on centralized platforms that themselves lack transparency. This “centralized stewardship” model pales in comparison to the safety, transparency, and consistency of decentralized exchanges.

Decentralized exchanges execute trades with an auditable smart contract, allowing users to hold on to their digital assets until the time comes to trade. This is in contrast to the centralized model, which requires users to send their digital assets to a centralized exchange before issuing an IOU balance they can trade against.

Decentralized exchanges have come a long way since they were first introduced. Etherdelta rose to prominence after its founding in 2016 because it quickly listed ERC20 tokens that dominated the ICO era of 2017 and early 2018. Etherdelta copied much of the interface of centralized exchanges but did so by introducing inefficiencies into the mechanics of trading. Etherdelta’s primary hassle is waiting for Ethereum blockchain confirmations whenever one goes to execute a market order or sets or withdraws a limit order. This time delay is a nuisance for everyone, but it introduces an unthinkable bottleneck for algorithmic traders reliant on the instant settlement offered by centralized exchanges.

IDEX came to prominence in 2018 as a hybrid exchange. IDEX maintains two databases, taking orders centrally and then submitting them to the Ethereum blockchain for execution. This eliminates the problem of “front running” that is prevalent on Etherdelta, where traders pay high gas fees to have their trades jump ahead of trades that were posted earlier. However, IDEX’s centralized database defeats much of the purpose of decentralized exchanges in the first place.

Uniswap: A New DEX Dawn

Building on the concept of Etherdelta and IDEX, Uniswap was introduced in early 2018 and quietly ushered in a new paradigm for decentralized exchanges that currently facilitates hundreds of millions of USD-equivalent daily transaction volume. An impressive amount, but only a tiny fraction of the tens of billions of daily US dollar digital asset volume sloshing through centralized exchanges (much of which is cross-chain).

Uniswap eliminates the traditional order book that lists buy/sell offers in ascending and descending order and replaces it with a single liquidity pool that automatically incentivizes market-making. Traders can trade against a single price instead of a clunky order book and everyone can become a market maker. Market making consists of posting both sides of a given trading pair, and the pro-rata share of the trading fees are issued automatically. On centralized exchanges, professionals with in-depth technical experience dominate market-making, running automated logic against exchange APIs. Uniswap democratized market-making, putting anyone with digital assets on a level playing field.

mimo Goes Beyond Uniswap

Just as Uniswap built upon the learnings of Etherdelta and IDEX, mimo adopts the same philosophy as Uniswap but adds unique benefits that greatly expand the usability and capabilities of DEXs: cross-chain, lightning-fast execution, and low fees. We detail each benefit below.

:arrow_right: Cross-Chain

Unlike Uniswap and other DEXs that only support assets from one blockchain, mimo supports assets from multiple blockchains to facilitate cross-chain asset swaps. ioTube, a cross-chain bridge developed by IoTeX, underlies the cross-chain capabilities of mimo. For liquidity providers, mimo offers a return for anyone who deposits digital asset pairs (e.g., IOTX/ETH, IOTX/VITA) to liquidity pools. mimo currently supports both ERC20 & XRC20 assets and we plan to support new assets from more blockchains in the future.

:arrow_right: Lightning-fast Execution

Users of mimo are lavished with the benefit of the IoTeX blockchain’s 5-second blocks with instant finality and extremely high tolerance for transaction volumes. Stuck or missed trades due to a clogged blockchain are far less likely to happen on mimo. On the other hand, Uniswap and other Ethereum-based DEXs are now suffering from Ethereum bottlenecks in high transaction periods, causing some traders to miss trades or give up entirely. Never miss another trade opportunity and have peace of mind knowing your trades are finalized within 5 seconds with mimo!

:arrow_right: Low Fees

It’s no secret that Ethereum fees have skyrocketed to the point where sending a simple transfer can cost upwards of $20 in gas fees. This has wreaked havoc on DEXs, introducing a massive barrier to entry and disqualifying retail traders that cannot stomach these unreasonable fees. In other words, only “whales” that trade massive volumes per day can afford to utilize Ethereum-based DEXs. With mimo, any trader with any amount of cryptocurrency can seek refuge on mimo to enjoy gas fees that currently do not surpass a few cents.

What’s Next for mimo?

Now that we understand the individual benefits of mimo, what are the bigger-picture collective benefits? Cross-chain, lightning-fast transactions, and low fees actually unlock unique features and improve user experience in more than just the obvious ways. Arbitrageurs, or those that simultaneously trade assets offered at different prices on different exchanges to earn a profit, are much more efficient on mimo given the speed of transactions and very low fees. If crypto markets experience a period of rapid volatility, say where prices drop by 20% in a single hour, the prices on a non-mimo DEX where transactions take several minutes could result in a severe price divergence. With mimo, the potential for a price divergence is much lower, since arbitrageurs can step in and close the gap in mere seconds.

But mimo’s potential is not limited to digital asset trading. The proliferation of IoT will lead to an onslaught of device data whose value can be unlocked without sacrificing privacy. We envision mimo to be the foundation for buying and selling this valuable IoT data – the new primary input into the decentralized economy. We look forward to working alongside the IoTeX Foundation to make #DeFIoT a reality, and we are so excited to have you along for the ride.


Official mimo launch is coming September 22 SGT.


Source: https://community.iotex.io/t/introducing-mimo-faster-lower-cost-cross-chain-dex/1496

Testadex Group News: Ucam Q3 Update — The Final Countdown to Amazon Lau...

Testadex Group News: Ucam Q3 Update — The Final Countdown to Amazon Lau...:   A year of long days and nights has all led to this point —   Ucam  is officially launching on Amazon this month.   Today, we are ecstatic ...

Ucam Q3 Update — The Final Countdown to Amazon Launch!

 A year of long days and nights has all led to this point — Ucam is officially launching on Amazon this month. Today, we are ecstatic to share that mass manufacturing is complete and Ucam has been shipped/accepted into Amazon US warehouses. This means the listing of Ucam on Amazon is just around the corner — it’s time to bring Ucam to the mass market!


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Ucam is Manufactured, Assembled, and Tested to the Highest Quality Standards

Manufacturing Complete, Amazon Launch Soon!

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Ucam Pre-Orders Will Be Shipped This Week

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Ucam Gets Five-Star Reviews

Community Referrals Program — Coming Soon!

Stay tuned to our official channels for more details on Ucam!


About IoTeX

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