Securing the Blockchain Ecosystem: Wallets, Exchanges and Private Blockchains
Based out of Edison, New Jersey, BlockSafe is a company that specializes in blockchain-based cybersecurity. They were founded in 2018, by a group with over 17 years experience as a team. Their overall goal is to bring security and safety to consumers.
About BlockSafe
With any industry experiencing growth, there will always be those that look to get rich on the backs of others. The cryptocurrency industry has seen a recurring theme throughout the past two years – Theft. In 2018 alone we have seen literally hundreds of millions of dollars stolen. This doesn’t even include unreported losses.
While we strive for interoperability, it no doubt causes a large problem. Attaining this, and the convenience that is brought with it, we continually introduce new gateways for breaches and unwanted system entries. Between mobile, cloud services, and desktop, our information if fragmented in a dangerous way.
Secure solutions are needed to keep up with this burgeoning industry. While this may be a difficult task, as the technology is expanding by the day, it needs to be done.
BlockSafe Technologies plans on fixing the issue of theft within the industry. Although theft will always occur, services such as the one being proposed by BlockSafe can minimize the amount of damage done.
To achieve their goal, the company has plans for 3 main products. Crypto Defender, Exchange Defender, Blockchain Defender.
These are only brief examples of a few of the features offered by each product. As the company develops, these product will become more expansive, and continue to adapt with the industry.
This combination of products offers a comprehensive means of safety for everyday users. It is significantly easier to be proactive, and prevent hackers from stealing funds/data, than it is to be reactive. More often than not, reactive measures prove to be fruitless. By offering platforms such as those on display by BlockSafe, users can rest easier, knowing that they are being proactive in their approach to security.
CryptoDefender™
KEYSTROKE ENCRYPTION
Prevents malware from spying on what you type. The keystrokes are secured between the kernel and the wallet application using military grade encryption. Now, the password you enter to logon or decrypt your secret key is safe.
CLIPBOARD COPY PROTECTION
Prevents malware from monitoring the clipboard to spy on, copy and paste the contents of the clipboard. So the destination address to which a crypto transaction is sent to is not modified.
ANTI-SCREEN CAPTURE
Prevents screen-scraping malware from taking screenshots of information surreptitiously.
ANTI-CLICKJACKING
Displays hidden frames or frames originating from a potentially malicious domain. This neutralizes one of the favorite tricks of the hackers to download malware onto your computer.
SECURE KEYBOARD
Prevents the OS and malware from logging your keystrokes. All keystrokes entered in the custom keyboard are encrypted. Now, the password you enter to logon or decrypt your secret key is safe.
SECURE BROWSER
Is a custom, secure locked-down browser that prevents the storage of cookies and other malware artifacts. The secure browser is recreated for every session. Now, you can safely access your online wallet or exchange.
PASSWORD/DATA VAULT
Enables the AES-256 encrypted storage of passwords, keys and data. Access to the vault can be secured via fingerprint. The Secure Browser can be launched from within the vault.
STRONG PASSWORD GENERATOR
This creates strong passwords based on user-defined preferences, and then stores them in the Password Vault for future usage.
ExchangeDefender™
Crypto exchanges have hot wallets and cold wallets. The wallets store user secret keys as well as the exchange’s secret keys. Most of the keys are stored offline in vaults (cold wallet). A portion of the keys are stored on servers connected to the internet (hot wallet) to facilitate transactions. These servers are susceptible to a data breach just like any other hacker attack.
Exchange Defender comprises two products to protect the internal systems of the crypto exchange. These are – CryptoDefender™ and ProtectID®™ protects the exchange’s computers and mobile devices from keylogging, screen capture and clickjack attacks. ProtectID® secures access to the internal systems via two factor out-of-band authentication.
Authentication methods include:
OUT-OF-BAND – #, PIN, OTP, VOICE
OTP DELIVERY TO PHONE VIA SMS, VOICE, EMAIL, AND/OR PUSH
OUT-OF-BAND PUSH – ACCEPT/DENY, PIN, AND/OR FINGERPRINT
HARD TOKENS – KEY FOB, USB KEY, AND/OR WALLET CARDS
MOBILE TOKENS – IOS, ANDROID, DESKTOP TOKENS – PC/MAC/LINUX
BlockchainDefender™
Blockchain Defender acts as a gateway between the application and a private blockchain. It examines every message, checks if it is allowed as per enterprise rules & policy, scans the contents of data fields for malware and authenticates transactions via the ProtectID® system. It can also pass the blockchain messages to enterprise systems or other blockchains via appropriate gateways.
Features include:
AUTHENTICATION OF BLOCKCHAIN TRANSACTIONS
CONTENT SCANNER TO STOP MALWARE BEFORE IT ENTERS THE BLOCKCHAIN
RULES & POLICY ENGINE TO DEFINE HOW MESSAGES ARE PROCESSED
LOAD BALANCER & DDOS MITIGATOR BALANCES TRAFFIC AND SHIELDS THE BLOCKCHAIN
Features
To fund development of their suite of products, BlockSafe will be hosting an upcoming STO. During this STO, they will be selling their ERC-20 token known as ‘BSAFE’. This token will be sold as a security, and offer investors a chance to buy a stake within BlockSafe themselves.
The company has a goal of raising $27 million throughout the course of their STO. Full details of how investors will be reimbursed has yet to be released. This information should be made public shortly, alongside the company’s whitepaper.
ICO Details
General
Website: https://blocksafetech.io/
White paper: https://blocksafetech.io/BlockSafeWhitepaper.pdf
Pre-sale Time: 24 Sept 2018 - 24 Mar 2019
ICO Time: 25 Mar 2019 - 25 May 2019
Whitelist/KYC: KYC
Country: USA
Token info
Ticker: BSAFE
Platform: Ethereum
Token Type: SecuritySTO
Available for sale: 76,800,000 BSAFE (64%)
Financial
Pre-sale Price : 1 BSAFE = 0.25 USD
ICO Price:1 BSAFE = 0.5 USD
Accepting: ETH
Hard cap: 27,000,000 USD
BLOCKSAFE IS PLANNING ON A SECURITY TOKEN OFFERING (STO) TO RAISE FUNDS FOR FURTHER PRODUCT DEVELOPMENT AND OPERATIONS.
BlockSafe Roadmap
January 2018: Seed Round.
Aug-Sep 2018: Launched CryptoDefender ver. 1.0.
September 2018: Pre-STO (initial offering).
25 March: STO.
Q1 2019
Exchange Defender ver.1.0;
Product Development of Blockchain Defender Begins.
Q2 2019
Marketing efforts for Blockchain Defenders begins.
Q3 2019
BlockchainDeefnder ver.1.0
BlockSafe Team
George Waller: CEO of BlockSafe Technologies, Inc.
Mark Kay: President of BlockSafe Technologies, Inc.
Ram Pemmaraju: CTO of BlockSafe Technologies, Inc.
Scott Whitman: COO of BlockSafe Technologies, Inc.
Dave Mamane: CMO of BlockSafe Technologies, Inc.
Steve Ferman: VP Business Dev of BlockSafe Technologies, Inc.
Advisors
Steve Cooper: Board of Advisors - BlockSafe Technologies, Inc.
Sondra Schneider: Board of Advisors - BlockSafe Technologies, Inc.
Howard Medow: Board of Advisors - BlockSafe Technologies, Inc.
Scott Schober: Board of Advisors - BlockSafe Technologies, Inc.
WE ARE FEATURED IN
For more information, follow the link below:
Website: https://blocksafetech.io/
White paper: https://blocksafetech.io/BlockSafeWhitepaper.pdf
Facebook: https://www.facebook.com/BlockSafeTech/
Twitter: https://twitter.com/blocksafetech
Yours sincerely Good luck on the target
Thank you
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1229230
ETH Address: 0x29AF24D027E5A0A74427A2A4D5dDFe09803D5F93
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