EncryptoTel is an internet messaging and communication platform. It combines VoIP and PBX with encryption, blockchain protocols and cryptocurrency payments.
Coinmark cap rank: 275.
Coinmark cap opening date: Jun 10, 2017.
Coinmark cap opening price: $0.304823.
Coinmarkt cap current price: $ 0.124098.
EncryptoTel plans on launching an encrypted, multi-platform internet messaging and communication infrastructure. The company combines the most promising technologies and markets in the telecommunications sector, linking VoIP and PBX (private branch exchange) with encryption, blockchain protocols and cryptocurrency payments to offer significant improvements in performance, functionality and competitive advantage.
EncryptoTel will ultimately enable users to connect and make VoIP calls using any device (desktop or Android SIP, Zoiper, 3CXPhone, X-Lite and more), and gain access to their PBX via popular messaging apps such as Telegram and Facebook Messenger.
The goal is to provide services to both consumers and enterprises alike. They will charge on both a subscription and pay-as-you-go basis. Sales and revenues statistics will be clearly visible thanks to the transparency of the blockchain.
Telephone infrastructures are falling out of use. They are insecure and prone to surveillance and exploitation by governments, corporations and malicious third parties, as well as being less efficient than might be expected. These older infrastructures are being replaced by VoIP(Voice over Internet Protocol) systems like Skype.
Despite the fact, most offices still use a combination of both systems, called IPPBX (Internet Protocol Public Branch Exchange). The IPPBX can be a fairly inefficient system because it uses both an internal phone network hooked up to the internet( as well as an external phone system). Also, in this surveillance focused Orwellian society, the IPPBX fails to provide the necessary privacy its users often require.
That’s where EncryptoTel steps in. Their many services are offered through a virtual PBX (Private Branch Exchange). Essentially a Virtual PBX uses VoIP (Voice Over IP) to transmit over Internet. The PBX is hosted and maintained offsite by the VoIP service provider (EncryptoTel) and therefore there is a very low upfront cost for businesses when they want to implement a Virtual PBX solution.
EncryptoTel aims to improve on privacy and cost-effectiveness through the integration of Blockchain technology and cryptocurrencies.
HOW IT WORKS.
A PBX (Private Branch Exchange) is a switch station for telephone systems. It consists mainly of several branches of telephone systems and it switches connections to and from them, thereby linking phone lines.
Companies use a PBX for connecting all their internal phones to an external line. This way, they can lease only one line and have many people using it, with each one having a phone at the desk with a different number.
The number is not in the same format as a phone number, though, as it depends on the internal numbering. Inside a PBX, you only need to dial three-digit or four-digit numbers to make a call to another phone in the network. This number is often referred to as an extension. A person calling from the outside might ask for an extension to be directed to the person she is targeting.
The chief benefits of a PBX are cost and convenience. Using an internal system allows employees to communicate directly without requiring the use and expense of external telephone lines. Outgoing calls by a large number of employees may be shared on just a few lines.
EncryptoTel is the first secure cloud based PBX. It will not require any telecommunications infrastructure above an internet connected device (smartphone, tablet, laptop, desktop). Office equipment such as telephones are not necessary, though these can be connected to the service via a VoIP gateway if desired. Any modern PC can serve this purpose, since it is simply a matter of interfacing the IP network with the regular telephone net.
To ensure security and privacy, the beta version of EncryptoTel already offers traffic encryption based on SIP/TLS technologies. This ensures that a basic level of encryption is set up when a client server connection is established in order to avert interception and unauthorized access.
EncryptoTel is currently working on the development of its own secure connection network, which is based on two network contours (internal and external), and which includes several elements including certification authority, organization of VPN, distributed encrypted file system, HTTPS server, and so on. The company will implement its own security protocols using certificate encryption based on blockchain protocols.
All payments are done using cryptocurrencies. They currently accept Bitcoin and Litecoin. The fact that payments can be done with cryptocurrencies adds one more layer of privacy. EncryptoTel will also support a wide range of softphone and communications apps for video and audio calling and instant messaging.
- Call redirection. Ability to redirect an incoming call to another phone number.
Example: The user can redirect calls to a local number, or to multiple local numbers based on who is calling and when.
- Two-factor authentication (2FA). An additional layer of protection will be offered for services such as exchanges and crypto-wallets.
Example: In addition to username-password login, users will receive a call, text message or other authentication details before access is granted.
- Encryption and traffic protection. Traffic is reliably encrypted and protected with the latest encryption protocols.
Example: For instances such as important business negotiations or for individuals concerned about privacy for any reason, this functionality will protect data from audio interception and man-in-the-middle (MITM) attacks.
- Free communication. Every subscriber will receive a free internal number for the network.
Example: Talk within a network, one-on-one or with a group, free of charge.
- Hide a phone number. Phone numbers used for outgoing calls will be masked from detection by a receiving device.
Example: Conduct negotiations and other communication without revealing your direct subscriber’s number.
- Scenario execution. This makes it possible to create scenarios that are executed via SMS/MMS and calls.
Example: Users can send cryptocurrency to predetermined address by calling a designated number and entering a pin-code via their phone’s keypad.
- EncryptoTel can be used with all operating systems, IP-phones and gateways.
Example: Users will have access to deployment and control of their PBX via any device – mobile terminal, desktop workstation, tablet, etc.
- Conversation recording and data storage. Recordings of conversations or other important data can be securely stored.
Example: Optionally turn on storage for all negotiations and files. This stored data can only be decrypted by the owner using EncryptoTel’s integrated 12 blockchain technology.
- Call tracking. Monitor traffic resources.
Example: It is possible to create a unique number for every advertisement resource. Statistics can be downloaded and progress monitored from the user’s account.
- IVR (interactive voice response). Voice recognition facilities.
Example: Create pre-recorded instructions for people who call you, optimizing processing for incoming calls.
- Video call. Face-to-face calling.
Example: Call someone using a camera or begin a live to - camera broadcast.
- Synchronize your app with your calendar.
Example: Prompt reminders for important events via call or SMS.
- Interact with the EncryptoTel service on the back-end level.
Example: Integrate your CRM or another system with EncryptoTel’s PBX and gain access to all its services, with the opportunity to build new facilities on top of it.
- AI and text interaction. Perform basic set-up and control for popular messengers using EncryptoTel’s artificial intelligence bot.
Example: Initialize a call via Telegram, XMPP/Jabber client with the help of a simple message, such as ‘Call the number +1 … 1 from the USA zone number, then call me back on the number +1 … 2’.
The pre-release of the platform is scheduled for the Summer of 2017. Main development will occur throughout the Fall, with proper testing taking place in late 2017 and early 2018. If all things go according to plan, EncryptoTel will be released to the public in the Summer of 2018.
HOW ADVANCED IS IT?
The pre-release version was released on Oct 3rd. It provides all basic functionalities for testing purposes.
ETT TOKEN USE CASES.
- Native currency. Firstly, ETT will be the primary currency for PBX and VoIP services. It will still be possible to pay in a range of ways, including with a large number of popular cryptocurrencies.
However, payments using ETT will give discounts and other advantages over different currencies, making it the most attractive option. If customers do not already hold ETT, there will be the option to buy it at the time of payment, to ensure the maximum discount. APIs of popular exchanges will be directly available to make this a frictionless process. Whenever ETT is used to pay for services, these tokens will be burned.
- Voting power. Holding ETT will allow investors to take part in strategic business decisions. The influence they have in any given vote will be proportional to the amount of tokens they hold.
- Personal investor accounts. ETT investors will be able to track company statistics, current quarter profits and payments history through their own user area.