BlockSafe Technology – Securing The Blockchain Ecosystem

By Jino | CoinCantik | 6 Jul 2019

As an ICO/IEO/ITO/STO cryptocurrency investor, you must be prepared to DYOR (do your own research) and take the time to analyze and study any potential ICO you may wish to invest in. It is so easy to get caught up in fake marketing and hype, leading you to make bad decisions. No matter how great the website looks or how many of your so called ‘trusted’ YouTubers promote any given ICO, you can only really trust yourself and what you as the investor believe to be the truth.

Below I will to give you one of potential project that interest you !!!

Overview

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™

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Keystore 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.

Secre 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™

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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™

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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.