Buglab Summary

BugLab-ICO-Review, Blockchain, CryptocurrencyThe globalized world today continues to be hampered by digital threats and cyber attacks. With these threats, the cybersecurity field has exploded in both popularity and dollars invested. The Buglab team hopes to capitalize upon this thread with the advent of their blockchain based cybersecurity platform. The team plans to implement enterprise-level attacks to test digital systems and find their weak points prior to a real threat taking place. The platform will be tailored for professional security workers who seek to assist businesses in a trusted and productive manner while being compensated for their time and expertise. With this, the team has built a thorough platform in which hackers can access bug bounties, get rewarded for their work, and have a single platform to manage all of their clients and testing endeavors. Let’s take a closer look at how Buglab will accomplish this.

Buglab Objectives

Today the world of cybersecurity is more important than ever. With this in mind, the Bugle team plans to implement a platform in which white hat hackers can attack enterprise level systems through a competitive form. The current model of bug bounties is segmented and often not in-depth enough to provide businesses with tangible digital solutions. To solve this problem, the platform will connect certified cyber security professionals directly to enterprises who need their systems tested for bugs. The open source nature of the testing will allow for real-time collaboration between hackers trying to test a particular system. Furthermore, the platform will have a feature to partner with computer security incident response teams or CEIRTs. These professionals are experts in cybersecurity and certified to show so. Additional, although the platform is tailored for enterprise level solutions, it will also assist small and medium-sized businesses with their digital security needs. The decentralized nature of Buglab will allow for smaller businesses to benefit from the solution as well. Finally, the team plans to implement policies focused on cost reduction while still pushing to encourage more thorough reporting of digital inefficiencies which could be exploited by real hackers. 

Buglab Solution

BugLab-ICO-Review, Blockchain, CryptocurrencyThe Ethereum based token, BGL will power the Buglab platform. With this, the platform will operate through the use of the BGL token and be required for all actions on the network. Thus creating the value of the BGL token. On a separate note, the team hopes to lower the costs associated with digital security through the development of the Buglab. Furthermore, the decentralized and community nature of the platform will allow for more than one tester to attack a project. This will ensure the testers are well versed in a variety of computer science knowledge so that the system is properly and thoroughly tested. Finally, the system will make use of an exciting Vigilante Protocol, built by the Buglab team. This protocol will enable white hat hackers to be compensated fairly for their bug testing efforts online. All and all the Buglab team presents an exciting blockchain solution to the digital world’s need for protecting against cyber attacks and threats before they hurt users and businesses.


Useful Links:

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Auther's Details: 

Bitcointalk Username:
Digital_Lord
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Eth Address: 0x7E676D85d45acc57A7483F3DE33BF6E87A42b10e

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