The world of computing and blockchain has a relentless enemy: bugs.
Errors, often also secondary, that can be exploited by hackers with malicious purposes, as happened for Parity.
These bugs are often well hidden, but there are good professional hackers, the so-called penetration testers, who take care of finding them and making them known.The chants for imposing tighter security on various digital assets like users data are growing rapidly. Thanks to the recent attacks like data breach on a Facebook platform which has forced the common users to realize the importance of internet security. Now, people think twice before allowing access to any private information on the internet. This has forced the companies to invest heavily to ensure that their services remain tamper-proof. But, you should know one thing that it’s nearly impossible to test a particular software for all kind of threats (unless you can hire highly skilled ethical hackers).
So, what will happen to the small business who can not hire those highly skilled hackers to test their website and resolve any vulnerabilities (if there)? Well, thanks to Buglab, those organizations need not worry about that anymore. Buglab will allow the small organization to connect with various white hat hackers who are willing to test any software for vulnerabilities. Also, these independent white hat hackers undergo tough vetting and validation process to ensure that the organizations can trust them.
In the era of the digital world, it important that all the services which we use can store all our information safely. Any leak or unauthorized access to private information can lead to catastrophic consequences as all the services are linked to each other. This is why I decided to dig deeper into Buglab platform to find out more about the company.
Buglab platform
Buglab aims to provide a complete solution which can identify and eliminate those vulnerabilities in various systems like web application, websites, mobile applications, smart contracts, IoT devices and many more. Buglab has also come up with a unique way to solve these issues. They will turn the penetration testing into various challenges (or contests) which will attract independent security organizations to compete with each other in order to solve the issue. But, the competing organizations have to be certified by the Buglab.
Buglab has imposed a lengthy validation and vetting process to ensure that only white hat attackers are allowed for penetration testings. Buglab will reward each tester (in form of GLB tokens) upon successful completion of penetration testing (upon uncovering system vulnerabilities). You can assume it like a race between various independent security providers.
Organisations and also organize private contests on Buglab platform to ensure that only a small group of the tester can participate in the process. They can also filter all the testers based on their location, age, skills and various other parameters. The independent hackers can also notify other organization who are not using Buglab platform about their vulnerabilities.
ICO and Team
Buglab uses ERC20 token which is created on Ethereum blockchain. The company has released 170 million BGL tokens for sale. Buglab will organize a pre-sale from 30th June 2018- 5 August 2018 which will be followed by the main sale. The tokens will be sold at a rate of 1 BGL= $0.15 USD (pre-Sale) and 1 BGL=$0.15 USD (main sale). Buglab will only accept ethereum as the mode of payment for the purchase of GLB token. However, you need to invest a minimum of 6.67 Ether (in pre-Sale).
TOKEN SALE
2018-08-11 – 2018-09-11
Ticker: BGL
Platform: Ethereum
ICO Token price: 1 BGL = 0.15 USD
Fundraising Goal: 25500000
Total Tokens: 170,000,000
Available for Token Sale: 170,000,000
Whitelist/KYC: Yes
Сan’t Participate: USA, China
Bonuses: Pre-sale : 25% Bonus Tier 1 : First 24H : 20% Tier 2 : Week 1 : 15% Tier 3 : Week 2 : 10% Tier 4 : Week 3 to end : 0%
Accepts the following: ETH
Conclusion
Buglab will start blockchain migration in Q3 2018 which will be followed by the release of a beta version of the platform. Buglab also plans to launch the content and vigilante protocol by the end of this year. Vigilante protocol will provide an avenue for white hats to share their discoveries. Buglab will then work with CERTs from all parts of the world to verify those discoveries and if found correct then notifying the affecting companies.
Team
Buglab is united by a mission to help companies protect their digital solutions.
Reda Cherqaoui, Founder, CEO
After starting at the young age of 16, Reda is a veteran in the field of cybersecurity. Companies that have helped banks from electronic banks.
Alexander Belokon, Developer
Alexander is a developer with extensive experience from banking to pharmaceuticals. The code lives and breathes for more than 15 years, it likes to build a high-performing and tough backend.
Youness Aamiri, Blockchain Developer
In addition to Arabic, French, and English, Youness is also fluent in HTML, CSS, and PHP scripting languages. Currently, he focuses on building the blockchain ecosystem to reshape pentesting.
Azdine Bouhou, Software Architects
Azdine is an experienced software designer with experience in insurance, law and notary. Fascinated by the potential of blockchain technology, he is now helping buglab build its own platform.
Konstantin Bditskikh, Frontend Developer
Konstantin is an experienced frontend developer familiar with all the latest technologies and best practices. The drive and perfection ensures that our platform has the best interface.
Amine Bioudi, Full Stack Developer
With years of UI design experience, Amine is excited about building a platform to enable the best user-product interaction.
Dalal Cherqaoui, Marketing and Communications Manager
Dalal is a marketing veteran with more than 11 years in global marketing groups such as TBWA and Ogilvy. He is a creative storyteller who finds new ways to engage with key stakeholders.
Herve Schauer, Adviser
With more than 28 years of experience, Herve is considered the pioneer of France’s IT security industry. He currently heads his own company, HSC, which was acquired by Deloitte France in 2014.
You can remain updated to all the latest news related to Buglab via the following links:
Website – https://buglab.io/
Whitepaper – https://buglab.io/assets/docs/Buglab_WhitePaper.pdf
ANN – https://bitcointalk.org/index.php?topic=2851719
Twitter – https://twitter.com/joinbuglab
Facebook – https://www.facebook.com/buglab.co
Reddit – https://www.reddit.com/r/buglabProject/
Telegram – https://buglab.io/assets/docs/Buglab_WhitePaper.pdf
Authored by – misteroladipo
Profile – https://bitcointalk.org/index.php?action=profile;u=1781078
Eth – 0xD0b3918c119f1A72b7dc2074B7835D02baB28981
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