Prescott Regency - Will ICOs Lead The Way To A Safe Internet With An Anti-Virus Token
While the internet lures trillions of users, it is a money pot waiting to be heisted. There aren’t enough eyes to supervise the daily dealings of the internet. Recently, it was disclosed that threats can linger in the shadow for years before they surface, or are detected. All internet users are at a high risk of encountering small threats like a deceptive email, or malicious links. Internet security agencies bestowed with the duty of protecting users from attacks lack incentives. Recently, security firm, Narf Industries, set up a Blockchain identity management project for the U.S Department of Homeland Security.
Swarm Technologies believe that the holes in security software can be fixed by crypto tokens. Prescott Regency witnessed a public announcement made by the company last week, to offer ICOs (Initial Coin Offering) carrying the intent to bolster internet security. Initial token sales commence on February 6th 2018, with the proceeds from the sales being invested into a platform called PolySwarm. PolySwarm is a hub where security researchers can converge and build a ‘micro-engine’, or specialized software to scan files, documents, and websites that may hide security gaps.
A common application of Blockchain technology is directed towards achieving specific goals. Augur, the current application in use, is a tool used to predict the Ethereum market’s behavior. Augur inspired the conception of PolySwarm, but differs as the latter focuses on incentivizing experts, rather than the creation of a predictive tool from expert opinions.
Nectar or Swarm’s tokens will possess a limited supply. A majority of the tokens (70%) will be sold during the ICO. The company will hold on to the remaining tokens to feed the growing network. The remainder will be diverted towards payments for potential security industry tie ups and strategic allocations. Sales are capped at $50 million including a $5 million pre-sale. The future plan for Swarm is to branch out into assurance services, like security verification and expert analysis.
Critics, being true to their nature, disagree. They believe that adding a Blockchain to the industry is not the solution. In their defence, threat intelligence is already collaborative and distributed. It is no different from what Swarm wants to offer. Other eminent security researchers see value in the platform, and agree that smart contracts are what is needed to detect threats.
Learn more about ICOs from our experts at Prescott Regency today.
Facebook link: https://www.facebook.com/prescottregency/
Twitter: https://twitter.com/PrescottRegency
Swarm Technologies believe that the holes in security software can be fixed by crypto tokens. Prescott Regency witnessed a public announcement made by the company last week, to offer ICOs (Initial Coin Offering) carrying the intent to bolster internet security. Initial token sales commence on February 6th 2018, with the proceeds from the sales being invested into a platform called PolySwarm. PolySwarm is a hub where security researchers can converge and build a ‘micro-engine’, or specialized software to scan files, documents, and websites that may hide security gaps.
Blockchain technology is revolutionizing data processing
A common application of Blockchain technology is directed towards achieving specific goals. Augur, the current application in use, is a tool used to predict the Ethereum market’s behavior. Augur inspired the conception of PolySwarm, but differs as the latter focuses on incentivizing experts, rather than the creation of a predictive tool from expert opinions.
Sweet Nectar
Nectar or Swarm’s tokens will possess a limited supply. A majority of the tokens (70%) will be sold during the ICO. The company will hold on to the remaining tokens to feed the growing network. The remainder will be diverted towards payments for potential security industry tie ups and strategic allocations. Sales are capped at $50 million including a $5 million pre-sale. The future plan for Swarm is to branch out into assurance services, like security verification and expert analysis.
Critics, being true to their nature, disagree. They believe that adding a Blockchain to the industry is not the solution. In their defence, threat intelligence is already collaborative and distributed. It is no different from what Swarm wants to offer. Other eminent security researchers see value in the platform, and agree that smart contracts are what is needed to detect threats.
Learn more about ICOs from our experts at Prescott Regency today.
Facebook link: https://www.facebook.com/prescottregency/
Twitter: https://twitter.com/PrescottRegency
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