Some of the biggest names in the cryptocurrency space held a yacht party in celebration of the successful ICO pre-sales of an upcoming project.
Renowned market players like Tron Foundation, Node Capital, and Huobi were in attendance.
This party celebrated the transcendence of an established cybersecurity company that now aims to leverage the blockchain and its decentralized state as a key in developing the most advanced cybersecurity resource ever, Cloudbric. The reaction from these cryptocurrency funds and venture capital firms is understandable as they acknowledge the drastic improvements Cloudbric will bring to the cybersecurity space.
The Story of Cyber Security
The rise of the digital era has made cybercrime one of the most profitable illegal activities. A decade ago, digital platforms began to show their potential, billions in corporate advertisement dollars began to funnel down digital marketing campaigns, and the Internet became a source of wealth for many.
Data had shown its value.
While banks were a difficult target because they had taken swift efforts to thwart hackers digital platform had left consumer data as an easy fruit to target; additionally, the centralized state of fiat currencies made it easy to keep it restrained in the right hands. Thus, hackers went for the easier target: data. As data was a valuable commodity that was an incredibly easy target for cybercriminals, consumers’ privacy was soon being breached.
In the past few years, mass media finally began to highlight the problem and governments enforced strict laws on the tech giants who acquired billion through the barter of people’s private data while neglecting to make efforts to secure that data. While initially the firms had little incentive to safeguard peoples’ data, now heavy fines force them to take necessary security measures. However, the challenge was soon clear: centralized data is hard to secure.
The blockchain sought to change this.
The Emergence of Blockchain Technology and Digital Wealth
The blockchain makes decentralized storage of data possible, and this makes data breaches incredibly difficult and expensive (for the hackers). Moreover, the notion of decentralization has also succeeded in another utility: the provision of value storage and transfer. Thus, blockchain technology has ushered the era of cryptocurrencies.
While blockchain technology has enabled unmatched security of data, it has also provided cybercriminals with a new target: cryptocurrencies, the greatest treasure a hacker can pursue.
Thus, prominent investment funds and venture capital firms celebrated the start of what could be the most prominent cyber defense ever. It’s important to note that while cryptocurrency-cored institutions stand to benefit from enhanced cyber defense, the end-user and the everyday people stand to benefit the greatest from a web security platform.
And Cloudbric will therefore make the community the most important piece in its fight against cyber security. Cloudbric is currently 10,000 strong on both Telegram and Twitter and has attracted over 1,000 subscribers on Reddit.
This strong community development is the result of constant engagement efforts; they recently hosted an AMA on September 27th to much fanfare. The community asked thoughtful questions, and they received thoughtful answers.
The Rise of Cloudbric
Cloudbric Labs is a project by Penta Security Systems, which is a leading web and data security provider in the Asia Pacific (APAC) region. They currently own a majority market share in the information management systems and cybersecurity market.
Cloudbric Labs aims to leverage the most fundamental aspect of blockchain technology, decentralization, to build a cybersecurity tool that can finally overpower the cybercriminals.
The Problem so Far
Data is the resource that hackers have always keenly sought, but, ironically, it is also what hinders their prominence. Data on cyber-criminal activity and newly developed malware/viruses allow cybersecurity companies to protect their clients. However, like most corporations, cybersecurity firms have centralized their data in silos, leaving out third-parties from accessing important information pertinent to keeping the internet secure.
Consequently, no player in the current data security market has a well-rounded grasp of the cyber threats out there; instead, each market player possesses only a fragment of an all-inclusive solution.
The competitive edge in the cyber security business is not just operational performance, but the ability to gather more cyber threat data. This conventional business model has allowed hackers to win; society, up until now, has not been able to fully leverage a complete database of threats. The fragmented presence of data on cyber threats has limited the potential and abilities of of centralized cyber-security resources; consequently, end-users have been unable to secure their data.
Acting as the one-stop shop for cybersecurity services, Cloudbric allows the masses to protect themselves.
Decentralizing Cyber Security
Cloudbric Labs currently hosts a suite of cyber security tools that integrate into both enterprise and consumer devices. This means every member of society can leverage the resources Cloudbric provides.
Cloudbric empowers users on its network to constantly contribute attack logs to its database. Essentially, a decentralized data acquisition network is created as data is passively gathered by the same tools that protect the network. Similar to how a blockchain becomes stronger as more nodes join the network, Cloudbric becomes stronger as more people join the network.
A Dual Incentive
As Cloudbric’s full potential relies on the network effect, it offers a dual incentive to the users. Cloudbric builds upon the established norm of rewarding users by giving CLB tokens to network users for their participation.
Users of the cybersecurity tools provided by Cloudbric passively earn CLB tokens, but they also inherently secure themselves from cyber threats. The service is free and rewards society for securing itself.
Contrary to the current mechanism of the cybersecurity industry, Cloudbric leverages a decentralized network of data aggregation. This allows society to work together to remain a step ahead of cybercriminals. Cloudbric then provides developers the APIs necessary to utilize this data to develop the cutting-edge resources needed to protect society. Cloudbric created Cloudbric Labs, as a resource for cybersecurity developers and contributors.
This ensures cybersecurity remains for the people, by the people, and from the people.
A Convergence of Technologies
While blockchain is an incredibly valuable technology in Cloudbric’s value proposition, it is not the only one. Cloudbric intertwines AI and blockchain to make the most of the data its decentralized network of users generates.
VISION is one of Cloudbric’s prominent developments; it is a deep-learning mechanism that utilizes cyber threat data to develop comprehensive security tools for end-users. It is the AI-powered security resource of tomorrow. A key challenge for machine learning is that data quality determines the success of the algorithm. Through token rewards and self-interest of acquiring web security for their devices, the network’s users are incentivized to not tamper with the data fed to VISION. Thus, the data is the foundation behind the strength of the platform’s security tools. Cloudbric is able to develop its own byzantine tolerance as the vast portion of participants will be generating authentic data (passively).
Deep-learning is a division of AI in which vast amounts of data are fed to algorithms to enhance their ability to properly react to problems and resolve them. In the case of VISION, successful operations are derived from properly targeting real threats. VISION currently sustains an 85% success rate at detecting false-positives. While this number is incredible, it will only improve as the network of Cloudbric users provides additional data to feed the machine learning algorithms that are powering VISION’s success.
The utilization of AI is incredibly important in the fight against cybercrime. Thus, Cloudbric is aligning itself with forward-thinking solutions. VISION is Cloudbric’s answer to unforeseen cybersecurity threats in the future. Additionally, AI-powered cybersecurity will be needed as the impact of digital assets and commodities in a digital ecosystem grows exponentially.
An Evolving Enemy
As the blockchain has enabled a future where the internet of information evolves into the internet of value, each communication may eventually become intertwined with a value-transfer.
Billions of interactions occur across the internet every day and blockchain holds the power to attach a value to each of these interactions. In fact, certain blockchain projects are under way to ensure that blockchain can be utilized to connect devices on the IoT with value-based interactions.
As the integrated utility of blockchain and IoT grows, the emergence of autonomous vehicles will evolve from a mere idea to an everyday reality.
As we head into an economy where everything could potentially be connected to the internet, and the underlying value transfer of each thing’s interaction could be digitally transmitted, cybertheft would become increasingly problematic, therefore improved cybersecurity will also become increasingly desirable. Automation is the natural progression of our society, and it will be incredibly important to protect the automated, web-integrated infrastructures we build. Cloudbric intends to build the AI-powered resources needed to constantly fight the battle of attrition against cyber threats across myriad fronts.
Staying One Step Ahead
There is already a great incentive for cybercriminals to successfully breach data centers and reserves of cryptocurrencies. As the value and prominence of cryptocurrency increases, this incentive for cybercriminals is only going to grow.
Cloudbric is coming up with a counter-incentive program. The platform will reward society to make itself secure to feed an ever-growing data repository of cyberthreats.
This will power the cutting-edge AI capabilities of VISION to ensure an ever-evolving cyber security network keeps threats at bay. Meanwhile, APIs provided by the platform will allow other talented, positive-minded developers to line up with this development through the open-source approach; contributors may add onto the resources of Cloudbric Labs, and utilize the database of threats to develop their own security solutions.
Cloudbric leverages the technologies of tomorrow, blockchain and AI, to protect the societies that will be inherently dependent on technology, digital interactions, and digital value transfer.
The biggest names in the blockchain and cryptocurrency space are welcoming cybersecurity advancements, and so should we.
You can read more about cloudbric here, learn more about its technicals here, and reach out to its team here.