PolySwarm, a
first-of-its-kind marketplace for malware intelligence, announced it has
moved all cybersecurity threat detection engines to its Mainnet. The malware
intelligence provider is now transacting with its proprietary Nectar (NCT)
tokens to unite a robust network of threat research experts such as Crowdstrike
and SentinelOne with enterprise customers like Microsoft and Verizon that use
the platform for protection from new and emerging online threats. In exchange
for swiftly and accurately identifying threats, researchers in the PolySwarm
network are rewarded with the NCT token, which operates on the Ethereum
blockchain and is listed on Coinbase and other crypto exchanges.
The
increasing impact and sophistication of cyber attacks have left businesses
struggling to identify actionable intelligence in a massive sea of data and
noise - impacting their ability to prioritize, focus and scale with confidence
and speed. PolySwarm's full transition to Mainnet marks a major step in the
company's mission to democratize cybersecurity by unifying a historically
fragmented threat intelligence industry of overstretched defenders. To date,
PolySwarm's platform has facilitated billions of transactions in both Testnet
and Mainnet and has detected over 300 million malicious threats. Mainnet
transactions will continue to scale as more suppliers and consumers join the
marketplace.
"With
our NCT token fully operating on Mainnet, PolySwarm has created a cohesive
platform to provide comprehensive malware detection solutions for our clients
while redefining the economics of cybersecurity," said Steve Bassi, PolySwarm's
CEO. "Blockchain technology provided the means for us to solve long-running frustrations
within the industry - namely, the siloed, fragmented landscape of threat
detection. PolySwarm's new crowdsourcing and rewards program brings that
ecosystem together in one place, providing better, more actionable malware
intelligence with quality and speed."
Presently,
PolySwarm's NectarNet program is
distributing approximately $1337 in NCT rewards each day to users who
downloaded a Chrome extension making it possible to receive such rewards simply
for browsing the internet. Those who help PolySwarm identify credible threats
are eligible for higher rewards.
Over
the coming weeks, PolySwarm will introduce Private Communities, On-Demand
Sandboxing, and Dynamic Fees. Private Communities will be a collection of
engines scanning the private data of organizations for threats, providing
better protection for those data sets. On-Demand Sandboxing will create
isolated environments where malware analysts can execute their research, and
Dynamic Fees will enable automatic adjustments for transactions based on
current network traffic or factors like the load on the Ethereum blockchain and
the ETH-NCT exchange rate.
For more information about PolySwarm's platform, please visit
www.polyswarm.io