Targeted Strategies for Today's Evolving Markets

MissionIR Blog

Gopher Protocol Inc. (GOPH) Anti-Theft Technology Using Encrypted Private Network Could Secure Everything from Cars to Smartphones

While there are existing after-market solutions for anti-theft and tracking that can be wired into a vehicle’s electric system, or slotted into the On-board diagnostics (OBD) port, clever thieves and OCGs (organized criminal groups) have learned to bypass such security devices in recent years, and now they routinely exploit the OBD port to compromise on-board security solutions. Electronic entry protocols involving near-field communications have actually exacerbated the problem in certain respects, making it easier than ever for tech savvy criminals to get into vehicles and jack into the OBD port, with recent cases showing that some thieves are now able to simply lurk in parking areas and intercept the remote locking signal as owners walk away from their vehicle.

The most recent data on vehicle theft in the U.S. from the non-profit National Insurance Crime Bureau (NICB), which tracks auto theft and insurance fraud, indicated a theft rate of around 800 vehicles per 100,000. This data tracks very well against the more conservative FBI Uniform Crime Reporting (UCR) Program data, which puts the figure closer to 230 per 100,000. According to one of the top intelligence providers to the automotive industry, SBD, vehicle theft rates are highest in South America and lowest in Europe. However, Interpol analysis makes it clear that while less prevalent, vehicle theft in Europe is much more well-coordinated overall, with vehicles disappearing across borders into neighboring countries quite easily after their security has been compromised.

Enter one Gopher Protocol Inc. (OTC: GOPH), which recently filed a patent and trademark for its revolutionary new sticky patch package, designed to offer consumers a surreptitious anti-theft global tracking solution that does not require on-board GPS, and uses a standalone encrypted private network. With battery power that lasts up to a year, the lightweight and waterproof GopherAntiTheft™ (GAT) device can be hidden anywhere in or on the vehicle and uses real-time heuristics to keep track of its location. This ingenious fusion of technologies combines a patented integrated circuit known as the GopherInsight™ chip, with a GPS chipset (where GPS is available) and/or the GopherNET™ transceiver (in the case no GPS is available), as well as a unique antenna that is married to the GopherAntiTheft (GAT) circuit.

This combination of a smart microchip/circuitry and supporting software running on a server allows users to track the unit using a mobile app or web browser, and can also help reduce insurance fees. Moving forward the company anticipates that its technology should see broader adoption across a variety of other markets, including smartphones and drones, as its microchip technologies may be installed within mobile devices, or on SIM cards. The GopherAntiTheft platform is also aligned with the goals of Horizon 2020, the EU’s biggest research and innovation effort to date, with over €80 billion in funding. Horizon 2020 is a financing framework designed to secure Europe’s competitiveness by incubating breakthroughs and world-firsts under the auspices of the Europe 2020 flagship initiative’s Innovation Union.

Headquartered in Perris, California, development-stage Gopher Protocol sees a very bright future for its anti-theft technologies and envisions the creation of a global network based on what it believes is the first system of this type to use a human heuristic-based analysis engine. The fact that the core element of the GopherAntiTheft platform is its smartchip technology, which can be installed on any mobile device, the potential of a parallel global network between mobile devices powered by GOPH technology offers tantalizing possibilities. Including the ability to enhance mobile device computing performance capabilities through the network, or provide advanced database management and sharing capabilities, as well as as-yet unforeseen features, whose implementation would be enabled by the presence of the chip/access to the network.

Given that the latest International Data Corporation analysis of the smartphone market projects a forward five-year CAGR of 7.4 percent, with around 1.43 billion units shipped last year, and that by the end of 2016 82 percent of all mobile phones are expected be smartphones – the market for GOPH is indeed quite large.

Take a closer look at this innovative anti-theft company by visiting http://gopherprotocol.com

This entry was posted in Small Cap News. Bookmark the permalink.

Comments are closed.