Buglab: Delivering Unprecedented Cybersecurity Via Blockchain Expertise

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Buglab: Delivering Unprecedented Cybersecurity Through Blockchain Technology

Harnessing the ability of the Ethereum blockchain, Buglab delivers actionable options to among the crucial points at the moment plaguing the sphere of cybersecurity penetration testing. After a considerable period of time of cautious preparation, growth, and planning, Buglab has lastly introduced the date of its presale and public sale. The whitelisting course of is ready to start on June 10th.


In the present day’s computing surroundings has develop into significantly complicated and extremely dynamic. The hackers’ equipment portfolio has grown considerably, placing everybody related to the web in danger. This has created a considerable demand for cybersecurity professionals that far exceeds the present provide. What’s extra, it has pushed specialist in the direction of discovering new and extra environment friendly options to oppose the rising variety of safety threats.

Rising Subject But Stuffed With Points

A joint report supplied by the International Data Safety Workforce Research (GISWS) in 2017, decided that the cybersecurity business is rising by a median of 11% per 12 months. It’s forecasted to achieve $232 billion in income by 2022 whereas it stood at $138 in 2017.

But, conventional penetration testing and bug bounty approaches have confirmed to have numerous underlying issues, together with:

Substantial Price Inefficiency

Most cybersecurity companies will make use of conventional billing fashions on a per-hour foundation or per-vulnerability one. Each fashions have confirmed to be extensively inefficient and outdated.

Report Irrelevance

The outcomes that are obtained by way of bug bounty packages are sometimes inefficient and lack substantial worth for the shopper. It’s incessantly the case that researchers are paid per bug and never per an entire rating. Therefore, they might solely hunt down as many bugs as they discover crucial and fail to offer an exhaustive report the place the entire image will get clear.

Easy Lack of Sources

As a result of shortage of certified personnel, and to chop prices, cybersecurity corporations typically dedicate a small variety of penetration testing professionals to a specific undertaking. The issue with that is that it limits the general skillset which is leveraged which may trigger further inefficiencies – to not point out ignored vulnerabilities.

The end result? The shopper is introduced with a hefty receipt however little in the best way of the outcomes they have been in search of within the first place. Alternatives for continuity in addition to repeat companies are utterly misplaced.

Buglab’s Method: Fixing the Points

Buglab delivers a totally developed cybersecurity platform primarily based on the Ethereum blockchain which is particularly designated to attach organizations needing cybersecurity with a neighborhood of seasoned, licensed, cybersecurity penetration testers. It brings an incentivized ecosystem the place the testers will obtain rewards for uncovering system vulnerabilities. Mentioned rewards shall be ranked primarily based on a myriad of things resembling severity in addition to potential impacts.

This brings severe motivation for researchers to work effectively and rapidly in order that they’ll discover the utmost quantity of vulnerabilities within the shortest period of time. If two researchers determine the identical subject, solely the primary will get the reward. Blockchain-based know-how is used to precisely timestamp the second of discovery.

In fact, as a way to ship the in depth variety of capabilities wanted by the present dynamic computing surroundings, the platform brings a spread of core options on the desk. They embrace however are usually not restricted to:

Public and Personal Contest

As soon as a corporation has set forth its necessities and supplied the required fundamental data, the neighborhood or a non-public group of contestants, relying on the preferences of the group itself, will obtain an invite to participate.

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