Blockchain approach to solve cybersecurity threats

PROBLEM
Rate of new threats outpaces ability of security firms to “keep up”.
Spyware and malware increasingly takes bigger share.
Aging anti-virus companies are behind.
New approaches using AI, patterns is clearly and attempt to cover more ground.
Everybody talking about Russian hackers ;-)

WHY WE ARE NOT KEEPING UP WITH THREATS
Every security firm has limited number of expert engineers.
They compete against an ever increasing number of hackers in the World.
Statistically speaking the smartest engineers are not working for you.

BLOCKCHAIN APPROACH TO CYBERSECURITY
We can only solve threats posted by World-wide network of “black” hackers by opposing it with World-wide network of “white” hackers.
Crowdsource security solutions from World wide pool of resources.
Using blockchain technology and smart contracts.
Use blockchain based currency (bitcoin) to pay for executed contracts.
Create self-feeding system of incentives to grow security solutions at a pace of new incoming threats.
Become subscription based “Wikipedia” security solution.

HOW SYSTEM WORKS

RISKS
Fraud for financial gain is always a risk in any such system.
We are at risk to create incentives for people to create more threats.
If Contributor collaborates with Inspector – they could introduce a threat to the system dressed as a fix.
This will ultimately compromise clients security and company legal standing.

MEDIATION OF RISKS
Strict oversight on initial stage of grows.
Finding the right balance of incentives for all players to work with the system.
Smart contracts will guarantee payments based on certain conditions only.
Payments are only made from a pool of subscription costs paid.
Make sure to match contributors and inspectors randomly.
Rate all contributors to the system based on their history of honesty and number of executed contracts.
Increase payments for most productive and honest contributors/inspectors.