Unique Blockchain Toward Our Cryptocurrency Safety
Hello everyone, this new post that I want to introduce about the BlockSafe project is very interesting and good that is and for more details, let's go to the following discussion:
In every developing industry there will always be people who seem to be rich behind others. In the robbery to the cryptocurrency sector there were many issues during the previous two years. By 2018, hundreds of millions of dollars have been stolen. This does not even include unreported losses. While we look for interoperability. BlockSafe Technologies plans to solve the problem of theft in this industry. Although theft will always occur, services such as those proposed by BlockSafe can minimize the amount of damage caused.
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.
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
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.
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.
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.
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 : harum93
Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=2692041