It's not a scam? Great idea to make internet more secure.
With Internet of things we will go into trouble when hackers could derail train or stop electronics work in electrical station and cause stop generation of electricity.
Also, now a lot of cameras work on default passwords and username from manual - people don't set own pass but connet to intenet.
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Cryptyk's been around for a while. As for the IoT aspect, the system is designed to serve as a platform for enhancements that twine with demand.