WHAT IS EOT – THE DEFINITION

  • A cryptocurrency and digital payment system
  • Transactions take place between users directly without interference of any third party – peer to peer
  • Transactions are recorded and verified in a public ledger call the blockchain every 90 seconds
  • Does not belong to any person, business or country – Open source and decentralized
  • Deflationary due to capped volume
  • Specifically developed for use in the “Encryption of Things”
  • A process whereby physical items, which are linked to the internet, are being safeguarded against intrusion by the use of cryptography

Applied in IoT devices to ensure encryption to protect against viruses, malware, and hacking

”Internet of Things”, known as IoT, describes items or devices connected to the internet – experts predict more than 80 Billion connected devices by 2025.

EOT USE CASE EXAMPLES:

GOVERNMENTS OR PRIVATE ORGANIZATIONS

  • Secure Money Transfer and Transactions
  • User or customer identifications
  • Verification of ownership
  • Secure and private storage of documents
  • Secure communication by providing encryption keys
  • Providing encryption keys for the encryption of documents, media files etc
  • Secure Internet by encrypting internet routers and other hardware
  • Creating encryption keys for IoT devices protecting them against viruses, malware, and hacking
  • Tracking of people
  • Tracking of physical goods
  • Tracking of animals such as livestock, pets, wildlife
  • Tracking of transport vehicles
  • Machine to Machine

It all starts with opening your EOT wallet

Online wallet provider, EOTwallet.com has made it easy to buy EOT directly from their website without the need to go to a cryptocurrency exchange. Customers can purchase EOT directly from their Bitcoin wallets hosted on the site.

New easy to use EOT and Bitcoin wallets.

It is very easy to open an account and once the account is opened Bitcoin and EOT wallets are opened for the user automatically. A neat feature is that users can send cryptocurrency directly from user to user with zero fees.  The site also has a chat feature where users can interact with other users in a public chat room as well as send private messages.

Faucet: – Earn Free Crypto

An enticing feature of the website is the EOT-Faucet, this is a reward based feature whereby users can earn EOT by solving a captcha and users can return every 15 mins to claim more EOT.

You can also earn a 25% referral commission by introducing other users.  Sign up here – EOTwallet.com 

The demand for the BitVault®, the world’s first blockchain smartphone, from the Enterprise market has prompted the developers to create a consumer solution for the general public and crypto community. Now you can get the features of secure crypto communication without purchasing additional hardware.

How is this possible? You are the key.

The concept of “Dynamic Key Creation”, a solution where the private encryption keys are dynamically created by the user and are NEVER stored anywhere thus keeping them out of hackers reach.  Using this concept you can:-

 

Turn your Computer into a secure hardware wallet:

Your Computer can now be a secure hardware wallet for your cryptocurrency and it will be more secure than a traditional hardware wallet device because as we have stated before, the keys are not stored on the device and can only be recreated by the user using dynamic key creation.

 

Turn your Computer into a secure crypto communicator:

Want to keep all your communication and data management encrypted and secure? Now the applications that are available to enterprises on the BitVault® will be available on your Computer turning it into a secure crypto communication and blockchain enabled device.

Download Embedded Vault here 

Cryptocurrency hardware wallets and vaults with suite of blockchain application

Additional apps include secure messaging, media storage and transfer password vault, and more – EOT enabled for encryption

Besides Bitcoin, Bitcoin Cash, Ethereum and EOT wallets, SBIYP also has an EOT Tokens to and from EOT coins exchange.   More info on this website – Website

The World’s First Blockchain phone, Crypto Communicator, and Digital Banking Device.

BitVault®, the World’s First Blockchain phone is EOT enabled.  The BitVault® is a revolutionary new smartphone that is built on security and privacy enabled through Blockchain technology.  Proven Biometric technology, fingerprint and iris scan, and together with cryptography, namely EOT, this brings a whole new level of security to cryptocurrency, messaging and calling transactions.

More information on BitVault® website

BITVAULT® USE CASE

  • Blockchain Verification is done via an EOT transaction
  • Provide clients with secure communication device using unique private blockchain
  • Identify client 100% without risk (EOT transaction used to create Private keys)
  • Large transactions the client can transact remotely
  • Update KYC documentation
  • Secure instructions to the Bank
  • Develop Specific Banking portal for clients on App Store
  • In App, Purchases will be EOT enabled

FEATURES – IDENTIFICATION

Biometric technology security enabled by fingerprint recognition and iris scan making the BitVault® unique to the user.
EOT transaction is essential in this process. Iris patterns are unique to individuals and are virtually impossible to replicate.
Iris authentication is one of the safest ways to keep the BitVault locked and the contents private.

FEATURES – SECURITY

  • Military Grade Third Party Independent Multilayer Security (3IMS)
  • Removable security key for enabling the device
  • Encryption using Cryptography, specifically EOT the “Encryption of Things”

Applications – Native

  • Calendar, Camera, Clock, Calculator, Sound RecorderSecure Calling, Messaging, Browsing, Media VaultDigital Banking Apps – Wallets and Vaults for Bitcoin, Bitcoin Cash, Ethereum, EOT
  • Cryptocurrency and Digital Economy News

Applications – Developer Console

  • BitVault® provides unique opportunity for developers to develop their applications for the world’s first secure blockchain smartphone
  • BitVault® Operating system is a secured version of Android – Standard Android applications can be modified – Developer Console Website

Development – Unique Banking App

piggy-bank

Complete Banking and Financial Services Interface

  • Checking and Savings Accounts
  • Credit and Loans
  • Retirement Accounts
  • Mortgages
  • Alternative Investments
  • Financial Management
  • KYC maintenance

EOT Potential Market

Fintech Applications

IOT Devices

  • Estimated that Billions of items or devices will be connected to the internet – Gartner IoT Report Total IoT services spending (professional, consumer and connectivity services) is on pace to reach $273 billion in 2017”
  • IoT in Everything – By 2020, IoT technology will be in 95% of electronics for new product designs. With the technology evolution surrounding the IoT, it will become increasingly possible to add IoT features to a product at minimal cost. While security challenges need to be sorted, suppliers should begin to think about how to implement this technology, toward which consumers will soon gravitate, into every electronics-enabled product.
  • Assume IoT Security Vulnerabilities – Through 2022, half of all security budgets for IoT will go to fault remediation, recalls and safety failures rather than protection.
    Due to challenges in determining security risks and exposure for IoT, current budgets for security spend is minimal. However, the scale of IoT into various markets will outpace support systems, resulting in a need for recalls for devices that cannot be patched.  
    Click here for full report

Communication Devices

 

EOT Investment Case

  • EOT is cryptocurrency with a strong real use case based on the need for encryption, cybersecurity, and privacy.
  • EOT is deflationary due to capped volume and vs Fiat currency being inflationary
  • Long-term inflation hedge against weakness in Fiat and Protection against Geo-Political Risk
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