Valobit is a technology that provides advanced cybersecurity solutions for identifying hackers and distributes their profile information to the protected community over the blockchain. The technology aims to provide HealthTech with smart capital solutions, institutional financing, and prime brokerage. Besides, Valobit seeks to provide healthcare companies and projects involved in the blockchain development field with a research and collaboration hub.

According to the whitepaper of Valobit, the majority of the companies across the world are attacked by hackers. The average detection time for hacking is 365 days, which leads to massive privacy and economic damages. Therefore, Valobit technology aims to solve this issue by deflecting, detecting, and counteracting attacks and unauthorized use of information. Valobit technology is a user-friendly security solution for providing actionable intelligence before hacking attempts.

Valobit aims to create a digital and decentralized locker by utilizing the Ethereum blockchain technology. This helps to upload information and store it decentralized and encrypted. The users can access such personal information through encryption keys. 

Valobit technology aims to ensure quick turnaround time as digitized data and information storage reduce the time for storing and accessing information and data. Moreover, the technology aims to provide two-factor authentication like the One Time Password system, enhancing security even more.

VBIT coin is the utility token of Valobit that is aimed to drive innovative services through Valobit technology. VBIT can be utilized for online shop payments that accept the token. Moreover, the token holders become the shareholders at Valobit.

The team behind Valobit aims to extend the technology in warehouse facilities, multi-vendor drop shipping methods, and instant utility offerings. Through the advanced technology of Valobit, the team aims to improve the security and response process of multi-vendor online shopping providers.

The database system of Valobit was founded in November, 2017. The maximum total supply of VBIT coins is 1.6 billion.

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