Rapidly emerging markets attract a lot of fraud and criminals that use weaknesses of the system to steal assets, including private information. Cyberattacks cost billions of dollars every year to the cryptocurrency industry. Therefore, users must take actions to protect their funds and data. The market is flooded with security protection software, but it is difficult to implement and manage multiple security solution due to several fundamental issues. For example: complexity of estimating the product’s effectiveness in protecting users data and assets, lack of transparency in process of gathering users’ data. CloudBric’s complex solution – VISION – is a deep learning module powered by a Convolutional Neural Network (CNN) learning model that extracts patterns of behavior by using a diverse set of attack inputs and data. The MVP is ready. Moreover, CloudBric will provide Secure Web Gateway that will protect cryptocurrency transactions in real-time mode and prevent installation of malicious software. As they already have more than 10,000 network members, CloudBric will create largest decentralized threat database, establishing decentralized AI-based Web Security Platform.
CLB token – utility ERC-20 token that will be used for purchasing CloudBric’s security plans and for rewarding users for reporting threat information. There are 1 billion CLB tokens issued and 44% of them are allocated for token sales. The funds raised from the reverse ICO event will be used as follows: development – 45%; strategy partners – 25%; 15% – reserve; operation, marketing, and business development – 5% each.
The team consists of 16 members, among them business development specialists, cryptographic and data security experts. As project requires advanced knowledge in web, security expertise, Chief Technology Officer Giseung Jo has 18 years of experience in this industry. There are more experts that make technological side of the project’s development fully covered as well as the business one. 12 advisors, including Young Ha Kim, Former CEO of Samsung Electronics China, will help this project to spread the service among the enterprises and users in the world. The minor disadvantage is lack of blockchain specialists in the team. On the other hand, it is particularly covered by advisors’ experience.
This is a definitely promising project with a good team, vision and pretty strong attention from the audience as 2 pre-sale round were ended in 13 minutes and 21 hours accordingly. CloudBric will solve several fundamental issues in the field of security services, bringing a transparency and innovative services. This is a win-win scheme as all the participants receive benefits from using this service. As a weak spot of the project we would notice lack of blockchain experts in the team and the orientation on the Asian market. However, Asian market may become a foothold for this project and then spread around the globe as it is extremely needed by cryptocurrency industry nowadays.
A great project that solves fundamental issues of the security solutions industry, attracting users to its service that uses a system beneficial for all the participants.
Cloudbric ICO datesexport to calend
Cloudbric is a next generation cybersecurity platform powered by VISION, a state-of-the-art deep learning technology. Cloudbric aims to bring its patented artificial intelligence based security to the masses through the development of a new decentralized security ecosystem.
Universal Security That Fits Everyone’s Needs
Utilizing over 20 years of cybersecurity knowledge and expertise, Cloudbric will integrate the power of deep learning into its upcoming universal security platform featuring website security, mobile device security, and cryptocurrency asset protection.
Decentralizing Cyber Threat Intelligence to the Community
All cyber threat data compiled by Cloudbric’s award winning security detection engine will be decentralized and made accessible in the form of free-to-use security resources found on Cloudbric Labs (beta version accessible) to help spark innovation by developers and the wider security community.
Introducing the “Secure to Earn” Rewards System
Cloudbric’s deep learning technology will be powered by the very users that it protects. By contributing anonymous cyber attack logs to VISION, users will be able to further train Cloudbric’s deep learning module for more advanced learning and detection capabilities. Users will then be rewarded with free CLB token distributions for their security contributions.
Deep Learning technology integration
Listing on cryptocurrency exchanges
Development of Universal Security Platform
Start of Security Rewards program through threat data contribution and resource community
Initial service launch of Universal SecurityPlatform
Expansion of Security Rewards Program
Decentralize security information on blockchain
Expansion of Cloudbric’s Universal Security Platform
Final release of Cloudbric’s Universal Security Platform
Final expansion of Security Rewards Program
Begin conceptualization of IoT Security Platform
CLB Token Distribution Plan
Cloudbric will create approximately 1 billion CLB for maximum supply
44% will be allocated for Token Sales events
25% will be allocated for the Cloudbric Security Rewards Program, as well as additional internal service management or operational costs
16% will be allocated for the core Cloudbric team and advisors
10% will be allocated as an investment reserve (i.e. potential exchange listing, strategic partnerships, etc.)
5% will be allocated for potential short and long term marketing efforts to help promote CLB tokens