The actual-world safety supplier IoTeX introduced a strategic partnership with HackenProof to enhance blockchain safety. The community and the initiatives being constructed on can entry cybersecurity options from HackenProof. IoTeX has additionally launched a bug bounty program with its new accomplice to determine any important bugs from the community.
The IoTeX blockchain is a real-world safety supplier launched in 2017 that makes use of blockchain safety on actual gadgets. The community can hyperlink real-world information to any information immediately with out compromising safety. IoTeX runs with a imaginative and prescient of making an open setting the place people and machines can work together with utmost privateness and belief.
The IoTeX group consists of engineers and builders from Huge Tech corporations like Uber, Google, Intel, Fb, and so forth. IoTeX has developed a blockchain-powered residence safety digital camera known as Ucam. The machine has gained the CES innovation award for 2020 and may provide the safety you want for as little as $50.
As per the e-newsletter shared by IoTeX, HackenProof has joined the ecosystem by means of a proper partnership. HackenProof is a web3 cybersecurity ecosystem that provides companies to greater than 800 shoppers in Europe, Asia, and North America. Furthermore, the community’s partnership portfolio has greater than 80 companions, together with Avalanche, Polkastarter, CoinMarketCap, Weld Cash, CoinGecko, and Simplex, to call just a few.
The newest partnership of IoTeX with HackenProof will add a brand new layer of safety to the community. IoTeX hopes that this integration will deliver the cybersecurity of the ecosystem and the undertaking to new ranges. The first focus of HackenProof will probably be on Penetration Testing and Safety Evaluation within the IoTeX ecosystem.
As a number one cybersecurity Undertaking, HackenProof has helped IoTeX launch a bug bounty program to find the important bugs within the community. Verified and authorized bugs can get rewards from $50 to $15,000, relying on how important they’re. It would additionally strengthen the community’s partnership with HackenProof and discover out compatibility points if any.
The bug bounty program will cowl 5 techniques for rewards, specifically net, API, cell, desktop, and infrastructure. HackProof will shortly disburse the rewards from the bug bounty deposit funded by IoTeX as soon as the findings are verified. It has been reported that already 22 hackers have been engaged on the community for 2 days for the reason that launch to search for inconsistencies.
IoTeX has additionally listed a number of important classes that it intends to enhance by means of this bug bounty program. It consists of “enterprise logic points, cost manipulation, distant code execution, and injection vulnerabilities.” Third-party functions and exterior property will probably be taken for rewards.
This mutually useful take care of IoTeX will assist the community HackenProof go nearer to buying a 20% share of web3 cybersecurity by 2024.