Polyswarm is world’s first decentralized threat intelligence market backed by blockchain technology and Ethereum smart contracts. Polyswarm incentivizes accelerated innovation in the $8.5 billion/year anti-virus and automated cyber threat intelligence industry with economic incentives that reward accurate and prompt threat intelligence regarding URLs, network traffic and malintent of files. The platform offers a real-time threat identification ecosystem consisting of consumers, vendors, enterprises and geographically scattered security experts. Experts develop and improvise competing micro-engines that independently investigate the latest risks and threats to beat their competition. The platform already has its ICO underway, raising over $23.64 Million so far. Polyswarm is presently offering a 15% discount on the tokens, which is set to end in 15 days.
The Market & Its Challenges
In today’s $8.5 billion anti-virus market, around 70 percent of threats go undetected, resulting in cybercrimes and damages that are anticipated to reach $6 trillion by 2021. The anti-virus market is faced with monopoly, with few big names dominating the market, and duplication of cost. Today’s market has an irrelevant ability to detect esoteric threats and doesn’t recognize and embrace interoperability. It implies that no two antivirus software can be used at a time. Gartner anticipates cyber security cost to be doubled by 2021, with IT security jobs going unfulfilled.
How Polyswarm Addresses these Challenges?
Polyswarm creates value by transforming the threat intelligence market. The platform unveils the potential of IT security expertise by offering rewards for collaborative and crowdsourced malware identification. It incentivizes market specific knowledge and ensures interoperability, letting end users and enterprises to enjoy more comprehensive threat coverage.
Polyswarm’s “Proof of Work” is threat detection accuracy. The market incentivizes experts who can best defend end users and enterprises. The platform will beat the barriers to entry in today’s ad-hoc market, providing wider coverage alternatives, eliminating duplicative efforts and ensuring interoperability among threats intelligence feeds and products. Polyswarm is a carefully designed replacement for this market that will continue to push threat detection forward.
Think Bitcoin, but instead of mining, a global community of anti-malware experts converge and work together to detect the latest threats. The combined protection of thousands of micro-engines allows for broader, faster coverage and more efficient protection.
The platform has already started entering into strategic partnership with key players in the market. Polyswarm has won an investment from leading cryptocurrency investment firm, BlockTower Capital and Angeles-based startup studio, Science Inc. to disrupt the USD 8.5 billion cyber threat intelligence industry.
In addition, Polyswarm entered the partnership with Vector 35, makers of the reverse engineering platform Binary Ninja to support the development of Binary Ninja, whose world-class analysis capabilities will be provided to security experts in the Polyswarm ecosystem.
Polyswarm and decentralized mobile security solutions provider Rivetz formed a partnership to form the Decentralized Cybersecurity Consortium. DC2 is a professional group for IT security companies aimed at developing best practices for blockchain-based cybersecurity.
The token sale of Polyswarm is going on and will end by March 22, 2018. To know more about the platform and participate in its token sale, please visit https://polyswarm.io/. You can also access its official Whitepaper.
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