The invasion of privacy is one of the most critical problems in the world today. Information is stored in centralized servers where personal and business communications and transactions are at risk of being accessed by overreaching state agencies or malicious actors. Blockchain technology can help: it is easy to use, inherently secure for monetary transactions and offers the potential of total privacy for communications. As of now, the applications of blockchain have been contained to military use and cryptocurrency transactions, however, its power to ensure the security and confidentiality of communications is enormous, as is the market waiting to be explored.
Pryvate Ltd. the developers of a widely used military-grade encryption app, is launching its own Initial Coin Offering: PryvateCoin (PVC), a token economy based on current P2P standards and the best practices of blockchain technology; a utility token tied to a suite of features to be deployed within a new P2P hybrid network based on the ETH blockchain. PVC aims at solving the crucial issue of crypto-hijacking with an incentive-based, fully-secure ecosystem of military-grade encryption technologies, that will include a multi-sig enterprise wallet to be adopted by major exchanges. This process has already started: Pryvate Ltd. has joined forces with Coinexeo, an upcoming cryptocurrency exchange that should become a benchmark of security, privacy and transparency for the community.