UNCLOAK - World's First Blockchain Powered Cyber Threat Solution hackers Putting Businesses One Step Ahead of Hackers
INTRODUCTION
Cybersecurity is one of the most pertinent issues to businesses today. Some of today’s existing cyber threats include: cyber-crime, identity theft, data hacking and software vulnerability.It’s estimated that cyber-crimes will reach a cost of $6 trillion by 2021.In this context, cyber criminals often outpace security solutions in the race of vulnerabilities detection. But with Uncloak no more worries. The Platform is presenting a cyber threat detection and cyber security vulnerability scanning system based project that combines the two concepts of Blockchain and cybersecurity to create a platform that is decentralised, secured and grants cybersecurity management solutions to a widely distributed community.
Uncloak is a decentralised, blockchain powered, security management solution that enables businesses to protect themselves against cyber threats. Uncloak leverages the combined usage of blockchain technology, Artificial Intelligence, and a global community of cyber-experts, to detect and resolve security threats thanks to a genuine rewarding system. The platform will register IT security experts who will collaborate on finding cyber threats and hackers within applications and networks.
Uncloak main characteristic is the use of two different tokens inside its ecosystem.
UNC tokens (ERC20): They can be purchased on ICO/exchanges and will be used to subscribe to Uncloak platform.
UCC tokens (EOS): will be used to fuel the platform. Security experts discovering new vulnerabilities will be rewarded UCC, which can be converted into tradable UNC tokens as a mean of payment. Uncloak is fully leveraging EOS’ Delegated Proof of Stake (DPOS) blockchain for transactions covering the UCC token in order to ensure low latency on transactions, reduced energy use and multiple threading capability.
The use of EOS blockchain comes at a special time: EOS is launching its mainnet on 2nd June.
SOLUTIOS PROVIDED
Uncloak will be the world’s first blockchain 3.0 powered cyber threat detection solution for multi region resiliency and geographically dispersed computing. The current version includes a vulnerability scanner which automatically discovers a clients public computing infrastructure for a security scan. This greatly reduces the timescale around security scanning. The revolutionary Black Hat mode is able to simulate a live hack attempt against an email server, and check a clients antivirus protection.Future builds will include AI technology which scans hundreds of millions of records on the internet and the hidden web. Uncloak is taking a proactive approach to existing and new vulnerabilities. Zero hour threat detection will provide a constant real-time cyber threat inventory.
HOW IT WORKS
It is powered by EOS, a new and innovative third generation blockchain technology that will allow expert IT security specialists worldwide to team up in settling digital threat vulnerabilities and be rewarded through a completely robotised system. The main features are an advanced AI to check public or hidden internet data for “Zero Hour” cyber threats, and next generation vulnerability cybersecurity scanning.
Uncloak has a unique cyber threat detection database which uses artificial intelligence to scan the internet for latest cyber security threats. These threats are transformed into “security signatures” and go through the Uncloak threat detection system to check if the vulnerabilities exist across the participants’ network. If they do, the end-user is immediately notified so that corrective action can be taken.
With UCC token, a smart contract will be used to create a voting rights system that allows ‘hunters’ (a community of Uncloak registered IT security experts/ software developers) to collaborate on finding cyber threats within applications and network devices, whilst also finding the remediation needed to resolve the cyber threat issues.
BENEFITS
• In the absence of innovative tools, efficient cybersecurity will require highly skilled and specialised labor, long setup time and high costs. With Uncloak, cybersecurity will be more readily available at a lower cost.
• End user interaction is simplified as users can avoid cyber jargon and understand, remediate and resolve cyber security issues.
• Subscribers to the platform will continuously receive the latest list of cyber threat vulnerabilities, giving them a heads-up and making way for identification of where potential threats lie and guiding them on the necessary remediation steps to take.
TOKEN AND ICO DETAILS
Uncloak composes of two tokens namely: UCC and UNC. The UNC is externally tradeable for fiat currency and is the equivalent of $0.01 USD.
The UCC is used internally on platform as an incentive for rewarding hunters and validators for finding cyber threats.
Total Token Supply: 4,200,000,000 UNC
Hard Cap: $21,000,000 USD
Soft Cap: $6,000,000 USD
Unsold tokens are burned
Public Sale Price: 1 UNC = $0.01 USD
Token will be locked until Exchange Listing
Date: May 25th — 25th June (or as long as supply lasts)
Token Distribution
ROADMAP
• Q2 2018
Uncloak™ UNC token crowd sale
Development of cyber threat
Detection AI engine (Beta: MVP)
• Q3 2018
Development of bug bounty alpha based on EOS™
• Q4 2018
Launch of Uncloak™ bug bounty alpha on EOS testnet
Mainnet Launch
Mainnet launch is planned 6 months after ICO which seems reasonable, considering their team’s high level of expertise.
TEAM
Uncloak strength also relies on its very experienced team of cybersecurity experts based in London.
• Tayo Dada, CEO, Founder & CYBER SECURITY EXPERT: Based in London, Tayo has Over 30 years of experience working in IT from software development to IT management. Industry expert on IT Security with a background in hacking. Help set up Big 4 consultancy’s first ethical hacking division in the UK.
• Phil Jackson, CTO & CYBER SECURITY EXPERT: Industry renowned cyber security expert. Over 22 years of IT security and software development experience.
• Nicholas Topham, COO: Nicholas has worked at the forefront of the TMT sector for 30 years, operating as a CEO, COO, partner level consultant and Investor.
• Nick Banks, COMMERCIAL DIRECTOR & CYBER SECURITY EXPERT: A senior commercial advisor to innovative technology companies for over thirty years.
For more Information please visit the links below;
Website: https://uncloak.io
Twitter: http://mobile.twitter.com/Uncloakio
Telegram: https://t.me/uncloakio
Facebook: https://m.facebook.com/uncloakio/
Reddit: https://www.reddit.com/r/Uncloak/
Author: BrainerdPaul
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409