Because the blockchain space gets to be more extensive, cybersecurity turns into a more crucial requirement of many. Due to this, PolySwarm CEO Steve Bassi contended that there’s a necessity to leverage blockchain for cybersecurity.
Bassi told Cointelegraph that although the attention of blockchain technology and security is rising, using blockchain within cybersecurity continues to be in the beginning. “Awareness about cyber security and crypto, especially during the last 5 years, elevated greater than whenever within my professional security career,” he stated.
Despite the increase in awareness, the Chief executive officer noted that cybersecurity projects continue to be in the center of looking for applying blockchain within the space. Due to the market gaps, Bassi noted they produced a task to make use of blockchain to boost security. Edge in the game by rewarding users because they provide data on adware and spyware. The manager stated:
“Gathering complete data on adware and spyware infrastructure shortens the lifespan of major adware and spyware campaigns and eventually keeps PolySwarm’s customers and also the internet in particular safer.”
Taking inspiration in the success from the Brave browser, Bassi described that right now, anti-virus information mill already gathering what he describes as “ultra-valuable adware and spyware infrastructure” but don’t compensate users for supplying the information.
When requested concerning the controversies that sparked people’s concerns concerning the gathering of information of Web2 the likes of Google and Facebook, Bassi assured users that Web3 differs. Based on the Chief executive officer, they’re focused on security instead of advertising
Related: FBI and CISA issue alert over North Korean cyberattacks on crypto targets
In June, a cybersecurity firm leaped in to the Bitcoin (BTC) train by converting its balance sheet into BTC. The audience also started to simply accept BTC its its services, giving a 50% discount for individuals who pay in BTC.
Within the same month, Atlantic Council, a think tank located in the U . s . States, released a study around the cybersecurity of central bank digital currency (CBDC). The think tank identified risks in CBDCs including privacy and regulatory oversight.
