Blockchain Finds Yet Another Interesting Usecase – Envilope, The World's First Blockchain-Based Postal Service
Hacking and privacy breaches are happening across the world like no other thing. In a world that is driven by data, personal data plays a key role and cannot be more precious; pernicious use of individual human data would appear to be infinite. And thereby, as quoted time and again by various individuals and organizations; there is no greater invasion than the make-up of a human being’s data.Email hacking is one of the most common ways of data breaching. According to Palo Alto-based technology research company The Radicati Group, in 2017, the total number of business and consumer emails sent and received per day was a staggering 269 billion.
Radicatia says this figure is expected to continue to grow at an average annual rate of 4.4% over the next four years, reaching 319.6 billion by the end of 2021. To that end, email still needs to be secure and while two-tier authentication certainly helps, not least with Gmail, deeper security needs to be adopted by email users. The recent entry of Envilope, a company that describes itself as “the world’s first blockchain-based postal service” may prove to be an important addition to email security. Envilope wants to “revolutionize” the original idea of an actual envelope and apply it to blockchain tech. The company allows senders to instantly lock and send emails, digital files or secure messages containing documents, text, images, audio, video – and virtually any other file type. All with military encryption.
Legal, financial, insurance, telecom, healthcare, government agencies and others are already interested in us. We estimate a 100+ million audience among consumers for Envilope and a large, growing market in the B2B sector as well.
– Mark Allardyce, CEO_ Envilope
Only the intended recipient can open an Envilope and only after accepting the sender’s terms and conditions. If a user ever suspects a breach, they can entirely vaporize their content at will, regardless of how many times it has been shared or forwarded. Upon each delivery, receipt, opening, viewing, and control of the content within a Virtual Envilope, an unalterable evidence trail is recorded onto the Ethereum blockchain. This process, known as Blockstamping, creates so-called Blockchain Recorded Deliveries.