Partnered With:

What is so special about the encryption payment application Sylo as the designated encryption payment partner of the Australian Coca-Cola distributor?

Read this article in 9 Minutes

There is such an application in the CENNZnet ecosystem, which together with Centrapay has been designated as a dedicated encrypted payment partner by the largest local Coca-Cola distributor in Australia

Currently popular social applications on the market, such as Facebook and WhatsApp, all claim to have mechanisms to protect user privacy, but in fact they are best at investing in advertising. They will achieve key user experience metrics in a specific way, and then convince people that they can respect their privacy.

Currently, there is such an application in the CENNZnet ecosystem, together with Centrapay, the largest local Coca-Cola distributor in Australia, Designated as a dedicated encrypted payment partner, in addition to payment, it will also provide users with purely private social services through end-to-end technology. Its name is Sylo.

Authenticated end-to-end encryption

When people know that they are being monitored, they will definitely behave differently in the past, or when they find themselves being eavesdropped on their calls, they will make different conversations. To truly communicate, people need privacy, and in order for privacy to exist, people need end-to-end encryption technology (E2EE).

In the current social network, most popular social applications do not implement end-to-end encryption at all. Instead, they chose "data mining", that is, selling user data to obtain huge profits. From the financial report data of Facebook and Google, we can see that most of the new advertising revenue comes from soft delivery intelligently distributed to users. When users use it, they believe that what they see is not an advertisement, but normal content recommended out of interest, so people will not doubt it when using it.

In order to allow users to obtain real security and privacy, end-to-end encryption has become a necessary option, which That's what Sylo is doing, using blockchain to solve it.

In cryptography, there is a very interesting rule called "Don't self-encrypt".

This rule means that developers should use published and public algorithms and protocols instead of writing their own In this regard, Telegram has actually failed. It has written a set of its own encryption technology from scratch internally to prove its privacy security, but in fact, there are already very mature open source options on the market. Meaning that Telegram is doing something both unusual and very suspicious.

Unexpectedly, Facebook’s social features actually follow the first rule of encryption law, which is relatively good example, because they have contracted the creators of Signal to integrate the secure Signal protocol into the message, and this protocol is end-to-end.

However, the "...by default" in the user agreement may be their trap for users.

When users are using these social applications, the private chat function is further restricted to each participant can only use A single device that makes using unencrypted default chat easier, but also fraught with danger.

In contrast, the Sylo Smart Wallet app uses the Signal protocol for chat messages, allowing all private Chat information can be encrypted end-to-end, and users can also control their own encrypted private keys to manage accounts, which means that neither Sylo company nor employees can see the user's key information, nor can they read the information between users. This guarantees the user's pure privacy right, and even authorizes the ownership of the account to the user in a true sense.

Open Source Proof Claim

Privacy-focused social applications must be open source, so that creators who verify privacy can easily check, in fact, they are more willing to do things according to their own ideas, but in fact, not every application Users will verify open source code by themselves, and for professional developers and audit companies, they will need these codes for professional purposes, so the importance of open source can be imagined.

Currently, Facebook is popular in the market, people cannot see their code information, because they are completely closed source code, no one can know what the background of these apps is like, so developers or audit firms can't check their purported user privacy.

To make matters worse, specific application licenses also allow applications within the Facebook ecosystem to communicate with each other mutual access between users, so that unencrypted user data information will be exposed to the outside, and the negative cases caused by this have made the founder of Facebook sit on the leading stage of the U.S. House of Representatives hearings, but this problem has not been effectively resolved. Lawmakers feel fines are the only way to work.

Therefore, Sylo has a clear plan to realize its own open source path.

Easy to use

Just Like the adage that photography enthusiasts often say "the best camera is the one you carry with you," the best security and privacy tool is the one you actually use. Having the most stable and secure social tool is what everyone wants, but if it is very troublesome to use, it will be difficult for people to continue to use it.

So in order for a security tool to better serve C-end customers, it must have a simple user experience And an interface design that is easy for people to understand.

Currently in Sylo Smart Wallet, in addition to basic local token storage, it also It has one-click access to Uniswap, CryptoKitties and many other functions, and supports private social interaction and token transfer between friends, which means that it can not only allow users to easily use storage and payment functions, but also conduct transactions between friends or groups social.

Now, it is quietly entering more regions with mature products, combined with the recent popularity of Sylo in Japan This provides unlimited possibilities for the growth of the user scale of the product.