Since the beginning of January, the start-up PolySwarm unveils its project to create the first decentralized market for engine threats competing to protect users.

PolySwarm is powered by Cybersecurity and Blockchain from its founding and advisory team. PolySwarm CEO Steve Bassi previously founded Narf Industries, an information security R & D company that has received a grant from the Department of Homeland Security to set up Blockchain on Identity Management. Steve and his team also consulted for DARPA and Fortune 100 companies. Mark Tonnesen, former McAfee CIO, recently joined the consulting team, says PolySwarm's Web site

The Big Crime Becomes Still more important

According to the recent Cybersecurity Ventures report, cyber security costs are expected The report predicts that the damage caused by cybercrime will cost the world $ 6 billion a year in just three years.

Cyber ​​attacks are considered the fastest crime in the United States and their size and frequency are increasing. There are 400 new threats per minute and up to 70% of emerging attacks that are not detected by a signature-based antivirus.

These shortcomings are caused by current market incentives. According to PolySwarm's record, the $ 8.5 billion industry is dominated by some very large companies, who are trying to solve common "known" malware, but who fail to detect new threats. A single-vendor solution market rewards duplication of efforts among vendors, discourages investment in specialized detection capabilities, and encourages vendor locking through incompatible software packages.

Decentralized and Protected

According to PolySwarm, today's marketplace encourages coverage of overlapping competing products, duplication of costs and efforts for all parties . To effectively fulfill its mission, Swarm seeks out the help of enterprise IT teams and antivirus vendors who locate new files, software, new documents to be scanned, and leverage these analytics in a network. distributed by researchers. It allows security experts to monetize their software, and businesses to get more comprehensive coverage of the threats.

Unlike other bugs, the detection of threats is automated, there is no human in the loop. . These experts are remunerated in Nectar Tokens (NCT) according to the precision and the speed of their engines: the market rewards the experts best able to defend the companies and the end-users

The market uses the Smart Contracts Ethereum and Blockchain bring together businesses, consumers, suppliers and security experts in a single market for more complete detection of cyber threats.

The crowdsale to come

January 8, 2018 PolySwarm officially announced its launch an ICO. The sale will start on February 6th. The PolySwarm Nectar token will have a finished supply, of which 70% will be sold during the ICO, the token will not be shabby.

The beginning has an ambitious goal of funding $ 50 million. 70% of the chips will be sold at the symbolic sale. The company will retain 15% of the chips, while the remaining 15% will be used to expand the network, including strategic allocations to potential partners in the security industry.

The main PolySwarm team demonstrated transparency around the project, making GitHub Code available, planning to launch and MVP before the crowdsale and actively answering technical questions about the PolySwarms Telegram group.