Encrypto Telecom can become the first cloud secured, private branch exchange (PBX) that uses blockchain technology. The Moscow-based project plans
Encrypto Telecom can become the first cloud secured, private branch exchange (PBX) that uses blockchain technology.
The Moscow-based project plans to deliver solutions for telecommunications that address privacy and civil liberties. EncryptoTel raised funds from a recently launched ICO. These funds will be used to implement encrypted communication and a cloud-based PBX to ensure privacy in the services they offer.
A white paper published by CEO/co-founder Roman Nekrasov explained how it works. EncryptoTel will link a virtual PBX to blockchain protocols, encryption and cryptocurrency payments to improve performance, functionality and competitive advantage in the telecom industry.
The EncryptoTel application will allow users to connect and make VoIP calls using any device, from desktop to Android SIP, while giving access to PBX to use messaging apps like Facebook Messenger and Telegram.
The project is the first PBX to use blockchain technology. In addition, it is a pioneer in using blockchain tokens. The EncryptoTel Token (ETT) will be used as a source of currency for PBX and VoIP services. ETT payments will receive discounts and other advantages over other currencies.
The beta test has been successful as the PBX has been configured by means of a personal account that caters a free number and limitless communication in the network. The network has already connected more than 100 numbers in the area.
The first stage of blockchain integration has also reportedly confirmed identity for invoicing using the Waves digital signature.
The crowdsale that ends May 31 or when a $3 million cap has been reached, has already raised more than $1.8 million in BTC, ETH and WAVES. The funding is enough to begin developing an investor dashboard.