It is being said there many unsecured blockchain toward investment in their product. Hackers have been around to provide crime toward digital technology and blockchain has been one of the biggest issue until now with the lost of billions of dollar in the market. Some how blockchain security still aware with the danger of all those hacker around the world, today there is a company called BlockSafe which will secure our digital asset to ensure nothing will happen with the investment we are making.
BlockSafe create a platform which concentrate in securing blockchain ecosystem. The program is develop to the fact there are estimation for $ 1.2 billion and at the same time $ 350 million been estimate for wallet being losses. As all the event has been happening BlockSafe is developing a product called CryptoDefender, ExchangeDefender and BlockchainDefender which already under patent toward for future security of the company.
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BlockchainDefender Use cases
Health Care
- 56 % plan to implement private blockchains by 2020;
- Shared blockchain ledger expected to cut costs, improve decision making and reduce fraud;
- Compliance & Security requirements will require access to the blockchain to be audited and controlled.
Supply Chain
- Most companies, we believe, will use blockchains in the supply chain by 2027;
- Lower costs, increased transparency, better product tracking, faster shipping and reduced fraud;
- Compliance & Security requirements will require access to the blockchain to be audited and controlled.
Finance
- Large industry consortia formed to facilitate use of blockchains in the financial industry;
- Lower back office costs, faster settlement, greater transparency and easier cross-border payments;
- Compliance & Security requirements will require access to the blockchain to be audited and controlled.
Government
- Federal and state governments worldwide studying uses cases and conducting pilot programs;
- Use cases include moving land records, business registration, health registries, etc. to the blockchain;
- Compliance & Security requirements will require access to the blockchain to be audited and controlled.
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BlockchainDefender
The use of BlockchainDefender is allowing to authentication toward every blockchain transaction and the same time enabling to secure blockchain to stop malware before entering the blockchain ecosystem.
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ExchangeDefender
The Crypto exchange has a hot wallet and a cold wallet and most keyy are stored with secret key and the user database. These servers vulnerable to data breaches, as well as other hacker attacks. No matter how secure the exchange can be, hacker are able to penetrate the system one way or another.
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Conclusion
In addition for all the security that been develop digital criminal still have a way toward breaching any security product that has been develop. Therefor BlockSafe proposal is very intriguing toward the future of blockchain use cases since number of blockchain investment have been increasing even with price fluctuation. So far if you are able to go through their white paper, there is a very interesting business model toward the project, some how it remind me of Neo and Miracle tele, where the company able to distribute 10% passive income of BlockSafe revenue.
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Thank you for reading my article for more information please click the link below:
♦ Official site: https://blocksafetech.io
♦ Whitepaper: https://blocksafetech.io/BlockSafeWhitepaper.pdf
♦ ANN: https://bitcointalk.org/index.php?topic=5100884
♦ Bitcointalk: https://bitcointalk.org/index.php?topic=5152435.0
♦ Facebook: https://www.facebook.com/BlockSafeTech/
♦ Telegram: https://t.me/officialblocksafetechnologysto
♦ Twitter: https://twitter.com/blocksafetech
♦ AUTHOR:
♦ BTT Username: dama1234
♦ BTT Profile link: https://bitcointalk.org/index.php?action=profile;u=2591573
♦ ETH Address: 0xA23098b95C8F39ED772a7Cb363C791FeB14ED464
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