In computing, virtualization refers to the act of creating a virtual (rather than actual) version of something. SCUYE created an encrypted ledger to virtualize any entity (being a person or an object). By utilizing the concept of public / private keys (known for its security in concepts like VPN, HTTPS, block chain, e-ID, bankcards…), SCUYE invented a protocol “The Secure Digital Handshake” to make interactions between those entities secure. Now people can handle objects in the virtual world as is the physical world, executing programmable functions.
An entity in this secured ledger contains functions and attributes of the entity that is virtualized. The entity is made configurable by the private token and a secret pin code. By stacking entities in a hierarchical order, the owner of the private key can – via an easy interface – structure and program what needs to be executed when another entity addresses that specific public token. Entities higher in the hierarchy can overwrite entities being placed lower in the tree.
The person who addresses (or reads) a public token, needs to supply his or her private token and pin-code to authenticate. Now both parties are authentic in an asynchronous way. If both are authentic, the programmed actions are executed and both parties can be notified.