Introduction:
The internet has changed our lives for the better. Ever since the gates of the internet were thrown open to the public, many innovative applications and platforms have been conceptualized and executed. Our lives have become comfortable and we can complete most of our daily grind from the comfort of our homes or offices. Filling of documents and uploading them online to shopping across borders - the internet has revolutionized the way we live our lives completely!
Since the internet offers so much, it has been trusted by millions of people throughout the world with their as well as their loved ones' personal data. The internet has grown into a massive data storage and analyzing warehouse! Apart from data, there are lots of important and secret conversation files that are encrypted and stored by the Government or corporations. Any manipulation of these files will lead to catastrophic consequences. The internet is also home to the massive data servers of big corporate multinationals such as Apple, Google and Facebook. These also happen to have a massive amount of important and private data of users across the world. We need to secure the boundaries of our internet so that the things which really matter are safe from external influences. We need to change our old methods of protection with new and advanced methods.
The Problem:
Our current infrastructure that protects the internet is not efficient and strong enough. Data breaches have been a common phenomenon in the last few years. We all have heard about the email leak scandal of then US Presidential Candidate Hillary Clinton, which has probably changed the expected outcome. More recently, the Facebook data breach has come to light which had been responsible for compromising private and confidential data of millions of users worldwide. Such breaches and leaks needs to be stopped. We desperately need to up our games when it comes to internet security mechanisms.
The Solution:
The need of the moment is a unified platform which can reinforce advanced security features that can help protect the massive amount of private and confidential data that the internet is home to. The Buglab Project aims to revolutionize this sector using state of the art blockchain based Ethereum grade security to protect what is important. Blockchain has established itself as a safe, ultra secure and transparent network that supports multiple transactions of all kinds. Using these features of the blockchain network, the Buglab Project aims to create a state of the art security system that incentivizes security engineers to find and report potential loopholes. This is a revolutionary concept that will take the security of the internet to an altogether new level.
The team and the ICO:
The team leading the project aims to fund the initial development, maintenance and general outreach through an Initial Coin Offering (ICO). Investors can buy the official token by participating in the ICO. The token will be used for all transactions performed across the ecosystem. Investors can exchange their tokens for other cryptocurrencies through major exchanges. The token is based on the Ethereum blockchain and is a standard ERC 20 token.
The team has multiple years of experience across several sectors. The board of advisors to the project bring in world class strategy to the project. Together, the team can easily deliver on what it has promised.
Conclusion:
The internet is a massive highway that witnesses millions of terabytes of data pass through it every single day. There are a number of platforms on the internet today that takes innovation to next level and makes our lives as comfortable as possible. I am a fan of new ideas - ideas which can transform lives! The blockchain has established itself as a major player in this space. Now imagine protecting the internet itself with the ultra secure features of the blockchain - this is what exactly the Buglab Project is. It is time now for a change. It is time now for a revolution! I truly believe that this project will prove to be a major game changer in the internet space. This might just be one of the top projects to watch out for in 2018 in the blockchain space!
Website - https://buglab.io/
Whitepaper - https://buglab.io/assets/docs/Buglab_WhitePaper.pdf
ANN - https://bitcointalk.org/index.php?topic=2851719.0
Telegram - https://t.me/buglab
Published by - smithjones
Profile - https://bitcointalk.org/index.php?action=profile;u=1936039
