Home Blockchain This blockchain-based messaging app provides true data privacy

This blockchain-based messaging app provides true data privacy

0
This blockchain-based messaging app provides true data privacy

Opinions expressed by Entrepreneur the contributors are theirs.

You are reading Entrepreneur Asia Pacific, an international franchise of Entrepreneur Media.

Wisp is a messaging application that uses blockchain technology to provide a fully decentralized messaging service. One of its main missions is to tackle a common problem that people face with these types of apps: the privacy dilemma.



Handout

Is your personal data safe when using popular messaging apps? What risks do individuals and businesses face when using WhatsApp, Telegram or other services that claim to provide users with peer-to-peer and encrypted messaging?

Today’s privacy issues with messaging apps

The rapid development of new technologies directly affects the way people communicate on a daily basis. We are more interconnected than ever, and social media and messaging apps play a vital role in today’s intertwined lifestyle. However, while most apps from big tech players, such as WhatsApp and Telegram, use end-to-end encryption, they are not reliable platforms that guarantee data privacy to users.

We’ve already seen well-known tech companies cause an uproar over their lack of transparency about using user data for profit. A famous example is Mark Zuckerberg’s Facebook, which allegedly sold sensitive user data at Cambridge Analytica throughout the 2010s. It’s a useful reminder to say that META owns Facebook, WhatsApp, Instagram, Messenger and more.

Messaging apps must respect privacy rules, including the General Data Protection Regulation (GDPR). This law came into force in May 2018 to protect the data and privacy of countries in Europe and the European Economic Area. That year, the Data Protection Commission opened an investigation into WhatsApp which resulted in a good of 225 million euros on the messaging application.

Wispr: a blockchain-based messaging app taking over the market

Wispr stands out from its competitors with blockchain technology, which provides a censorship-resistant and fully transparent messaging application where all forms of communication – messages, calls, video conferences, file transfers – are encrypted. This is thanks to an innovative mechanism called VOBP (Voice Over Blockchain Protocol), a security system that leverages industry standard protocols to enhance user security.

Wispr was launched by software startup CryptoDATA in conjunction with Patentpool Group, a company with over 20 years of experience in funding innovation-driven startups.

“With Wispr, three things have electrified us: the ambition to become the European market leader, absolute data security and the goal of finally introducing functional digital payment services, for which there is still no satisfactory solution in Europe,” said Dr. Heiner Pollert, CEO and Founder of the Patentpool Group.

Wispr uses the latest encryption protocols, including AES – 256, so no third party can access your messages or listen to your voice notes. Even Wispr cannot read or hear your messages and calls. Technically, VOBP is a system that generates private keys that are exchanged between users when they start a conversation and are destroyed at the end of each session.

Wispr is available for Android and iOS devices. Once installed, the app can convert the user’s phone number into a code and assign them a Matrix ID, allowing them to connect with their partners while remaining anonymous. This is particularly useful because platforms such as WhatsApp are connected to your phone number, which scammers can send messages to or hack into your second SIM card to access saved conversations. On other platforms like Telegram, users can hide their phone numbers, but their username is still public, which poses a similar risk (it also doesn’t use end-to-end encryption) .

The next step in Wispr’s roadmap is to become the first digital payment service in Europe, similar to WeChat Pay, a payment tool from Chinese social media app WeChat.

Besides Wispr, CryptoDATA also offers a suite of blockchain-based devices made with encryption protocols, such as encrypted smartphones, routers, and laptops.

Note: Investing in cryptocurrency and crypto assets is subject to financial risk and readers should do their own due diligence. Entrepreneur Media does not endorse any such investment.

LEAVE A REPLY

Please enter your comment!
Please enter your name here