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Elf It is an instant messaging application that uses blockchain technology to provide a completely decentralized messaging service. One of its core missions is to address a common problem that everyday people face with these types of apps: the privacy dilemma.
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?
Privacy Concerns with Today’s Messaging Apps
The rapid development of new technologies directly affects the way people communicate on a daily basis. We are more connected than ever, and social media and messaging apps play a vital role in today’s intertwined lifestyles. However, while most of the apps of big tech companies like WhatsApp and Telegram use end-to-end encryption, they are not reliable platforms for guaranteeing user data privacy.
We’ve seen big-name tech companies cause uproar over a lack of transparency about how users monetize their data.A famous example is Mark Zuckerberg’s Facebook, which allegedly Sell Throughout the 2010s, Cambridge Analytica’s sensitive user data. Saying that META owns Facebook, WhatsApp, Instagram, Messenger, and more is a useful refresher.
Messaging apps must comply with privacy regulations, including General Data Protection Regulation (GDPR). The law came into effect in May 2018 to protect data and privacy in countries in Europe and the European Economic Area.That year, the Data Protection Commission began an investigation into WhatsApp, which ended in beautiful 225 million euros on the messaging app.
Wispr: Blockchain-based messenger app takes over the market
Wispr sets itself apart from its competitors with blockchain technology, which provides a censorship-resistant and fully transparent messaging application, where all forms of communication—messaging, phone calls, videoconferencing, file transfers—are encrypted. This is thanks to an innovative mechanism called VOBP (Voice over Blockchain Protocol), a security system that utilizes industry standard protocols to enhance user security.
Wispr is launched by software startup CryptoDATA in partnership with Patentpool Group, which has over 20 years of experience in funding innovation-focused startups.
“With Wispr, we are excited about three things: the ambition to be the market leader in Europe, absolute data security and the goal of eventually introducing functional digital payment services, for which Europe still does not have a satisfactory solution,” Heiner said Dr. Pollert, CEO and founder of the Patent Pool Group.
Wispr uses the latest encryption protocols, including AES-256, so no third party can access your messages or eavesdrop on your voice notes. Even Wispr can’t 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 users’ phone numbers into codes and provide them with a Matrix ID, allowing them to connect with their partners while remaining anonymous. This is especially useful because platforms like WhatsApp are connected to your phone number, and scammers can message these platforms or hack your second SIM card to access backup conversations. On other platforms like Telegram, users can hide their phone numbers, but their usernames are always public, which poses similar risks (it also doesn’t use end-to-end encryption).
The next step on Wispr’s roadmap is to become Europe’s leading digital payments service, similar to WeChat Pay, the payment tool for Chinese social media app WeChat.
In addition to Wispr, CryptoDATA also offers a suite of blockchain-based devices made with encrypted protocols, such as smartphones, routers, and encrypted laptops.
Note: Investing in cryptocurrencies and cryptoassets carries financial risks and readers should conduct their own due diligence. Entrepreneur Media does not endorse any such investment.