The project is inspired by the re-encryption of Proxy for distributed systems. NuCypher aims to protect confidential data from being eavesdropped on symmetric and asymmetric cryptography. At the moment, this is a rather new idea in the decentralized Blockchain technology.

Homepage: https://nucypher.com/

Token Sale: Private sale took place at the end of 2017 and raised $4.3 million. NuCypher announced that it will not hold the Public presale. The fund conducted in the Public presale had been used to build the network before the main sale took place. Currently, NuCypher has not announced the time of the main sale, but readers can register at the website to receive information email about whitelist and KYC.

Register here: https://bit.ly/2FzRdBJ

Hardcap : Updating

Softcap : $4.3 million

1. Idea origin

The project is inspired by the re-encryption of Proxy for distributed systems.

Proxy is an Internet server that transfers information and controls to create security for the Internet access of clients called Internet service users. The station proxy setting is called proxy server. Proxy or proxy server has an IP address and a fixed access port.

Proxy is valuable because it can not only do the task of a filtering information but also create the security for its clients. The Proxy firewall effectively blocks the penetration of unwanted objects into the clients’ computers. Proxy store the information that the clients need in its memory, which reduces the retrieval time and makes the use of bandwidth efficiency.

The proxy server is like a security guard preventing troubles on the Internet. A proxy server usually resides inside the firewall, between the web browser and the real server, which temporarily suspends Internet requests so that they do not communicate directly with the Internet. Users will not be able to access unauthorized websites (prohibited).

Proxy servers protect the internal network from being identified by the outside objects by giving the network two identifiers: one for internal and one for external. This creates an “alias” in the outside world and makes it difficult for the reckless users or hackers to directly penetrate a computer.

* NuCypher’s functions:

- Securing decentralized applications: demo is available.

NuCypher KMS: Decentralized key management system: The decentralized key management system helps developers of decentralized applications secure their data on the blockchain by re-encrypting the proxy as a service.

NuCypher’s decentralized key management system promotes the potential of re-encrypting proxy and then brings private data to public blockchains.

- Developing business

NuCypher integrates with the big data platform like Hadoop and Kafka to help enterprise customers protect their data from unauthorized connections’ but still be able to share data between businesses, store and process them in the cloud.

+ The place containing shared data

NuCypher allows sharing sensitive data continuously and securely between organizations. Whether sharing with partners, suppliers, customers or managers, NuCypher provides the data owner with total control. Without sharing private keys, you still can control sophisticated access, authorize and revoke access on demand, and get all other functions.

+ Enable Cloud

NuCypher allows businesses to use secure cloud service providers. Under the BYOK (bring your own key), personal keys are never separated from the business. It provides powerful security control and ensures that data cannot be accessed without permission in any situation. In place key management, instant main rotation, and FIPS 140-2 compliance (a cryptographic module standard for government agencies certified by the US) provides a powerful set of tools for activating cloud of the business.

2. Launched Product:

Case studies using NuCypher

- Demo available at: https://bit.ly/2pFlBBs

- Datum using NuCypher:

- MediBloc applies NuCypher KMS as a leverage for Qtum's Blockchain Healthcare Information System. NuCypher’s proxy re-encode is integrated as follows:

https://bit.ly/2pGHvUi

Users encrypt data on the client side using their own encryption. Then they upload their encrypted records to IPFS for storage. When a patient want to access to a healthcare provider or a data researcher, he/she will generate another encryption key that aims at the recipient's public key to the NuCypher KMS network. The network uses the encryption key to convert the ciphertext in the IPFS to the recipient, at that time the receiver can decrypt the record with their own key. If a patient switches healthcare providers or wants to revoke access for any reason, they will request to cancel NuCypher KMS and the related encryption key will be deleted. If the recipient tries to access the data in IPFS after revoking, they can not decode the data.

By utilizing NuCypher’s proxy encryption technology, MediBloc can create an EHR flexibly and powerfully controlling patients as well as securing confidentiality and scale from only a few megabytes of clinical records to several hundred megabytes of medical images for a few gigabytes of gene data.

- NuCypher is a partner, a consultant for work: a decentralized database system

* Github rating of NuCypher

a)Library popularity (based on Average Viewer, Copy and Fork): High: 217,3

b) Number of contributors: High: 8

c) Regularly releasing versions: High: 1.56< 2

d) Commit type

A3: Launching new features based on the initial commit and changing data

a) Number of commits: Very High: 337.3

b) Conclusion and review

3. Development team

- MacLane Wilkison: Founder and CEO: He was a software engineer and former investment banker at Morgan Stanley, where he provided M&A and financing services to enterprises in technology, media, and telecommunications. He has a Certified Information Systems Security Professional (CISSP), Chartered Financial Analyst (CFA), and certified Financial Risk Manager.

- Michael Egorov: Founder and Chief Technology Officer of NuCypher, and the advisor to the Dtum project. He used to be a Senior Software Engineer at LinkedIn, Ph.D. in Ultracold Atomic Physics. Michael is a physicist and scientist at the Institute of Physics and Technology of Mexico. As a bronze medalist at the 2003 International Physics Olympiad, he studied ultra-cold atoms as a post-Doc.

- David Nunez: He is a Ph.D. in Security, applied encryption research and cloud security; a Ph.D. in Computer Science from the University of Malaga, top 14 in Spain, and top 500 in the world.

- John Pacific: He is a Code Engineer who builds a decentralized key management system for Proxy Threshold Re-encode.

- Justin Myles Holmes

There are also 2 other software engineers and the team is still intending to recruit more.

4. Advisory team

- Giuseppe Ateniese: Giuseppe Ateniese is one of the founding fathers of the proxy re-encode industry and department chair of Computer Science at the Steven Technology Institute, Doctor of Computer Science, Researcher in Cloud Security, Network Security, and Application Encryption

- David Evans: Ph.D. in Computer Science at the University of Virginia and Chair of the Security Computing Team.

- John Bantleman: businessman with more than 30 years of experience in managing software development companies.

- Tony Bishop: Vice President at Equinix, which connects technology companies around the world, with a scale of 5000-10000 staffs. Founder of the Next Generation Data Center.

5. Community

Telegram: 23,8K members

Twitter: +4,4K followers

Facebook: Limited members

* Review of ICOgens :

In terms of the project idea: NuCypher aims to protect confidential data from being eavesdropped on symmetric and asymmetric cryptography. At the moment, this is a rather new idea in the decentralized Blockchain technology.

Web design is simple and has not optimized in terms of content and user interface. The demo should be on the website so that users can directly check. There is no information on token sale on the website.

Teams: the teams are not as many members as other projects, the programming experience of the team members is quite good - Junior and the teams are led by two leaders have experience in coding.

However, when being asked to submit a demo on the website, they have immediately sent the demo via email and scheduled a demo. The demo explains in detail the coding steps done by John Pacific, one of the team's programming engineers.

Since the project has grown at a certain stage, recently they have announced umbral completion, one of the most important components of the proxy cryptosystem, and the project has raised $ 4.3 million as well as included specific case studies. ICOgens predicts that if there is a main sale version in the near future, projects with platform-based ideas and medium-sized teams like this should be only invested when they announce small Hardcap and in the short-term due to the possibility of being replaced by new projects.

Rate from ICOgens.com

HYPE RISK ROI TERM ICOGENS ' SCORE HIGH MEDIUM NOT RATE MEDIUM MEDIUM

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*Note: All the information (on icogens.com) including tokens sales, “interest level”, ROI rate, hype rate, risk rate are our subjective opinion and only for informational and educational purposes. The information ICO Gens provides is not an investment advice.

HYPE: is defined as the level of concern over a project and its FOMO. This score is based on the number of people joining a project’s social channels such as Reddit, Telegram, Twitter, Facebook, Bitcointalk, Medium or Slack as well as the number of review articles produced by the third party.

RISK: the risk rate of the project. Based on this score, you can find more spam warnings of the project. More specifically, RISK is about the transparency of the project, its idea, members of the development team, roadmap and whitepaper. (RISK is rated regardless ROI rate of the project).

ROI: (Return on Investment): the rate of profit a project can bring to investors (ROI is considered separately from RISK. ROI can be rated High and RISK can be rated High as well).

TERM: this factor reveals the length of time you should hold token or coin of a project. The period of time can be Short, Medium or Long.

ICOGENS ’ SCORE: this score can be decided by scores of four other scores or it will reflect the level of interest ICOGENS ’ team has in the project. This score is separated from ROI score. It just shows how much Icogens core team concern the project.

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