Elastos Orchard launches blockchain-based steal proof multi vault system

Elastos Orchard, the business development hub for Elastos in Europe, announced on Twitter the launching of Devault, a blockchain-based steal proof multi vault system powered by Elastos.

“Your Secrets on the Blockchain. @DevaultSocial have released Devault, a blockchain based steal proof multi vault system, powered by #Elastos. Download today on Android and IOS. Well done team!” Elastos Orchard wrote.

Devault app is available on Google Play Store and Apple Store. The Devault system is governed by the Proof of Authentication model that “aims to be an essential tool to the current world to protect most valued digital assets, data and information from digital theft by securing data in multiple vaults with multilayered security making impossible to crack the system.”

According to the developers, the app is very easy to use because the owner has to only remember the One Passphrase, which is generated during the account setup.

Elastos is a blockchain-powered internet that gives you complete control of your digital assets which may include your books, movies, games or data. Elastos allows you to do this without the need to access the internet when running DApps that run on the Smart Web. The separation keeps you safe from malware and digital attacks that expose you from data and content theft, Coincentral reported.

Elastos operates with four pillars that enable network separation and platform flexibility. The four pillars include blockchain, runtime, carrier and software development kit (SDK). Elastos has its own token called ELA, which can be used on the Elastos network.

Meanwhile, columnist Preston Byrne felt that most states have a poor description of blockchain. He rated how the states define blockchain and said that Vermont and California have the “least-bad definition” but only rated it with solid C minus.

According to him, defining the blockchain technology properly is very important because a sloppy and overboard definition can lead to a sloppy and overboard application on businesses.

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