Problem:
Technology bought revolution in many industries and its enhanced the efficiency of various industries but it has many threats in terms of cyber security, hacking and ransom ware, according to survey, it is predicted that cybercrime is going to cost $6 trillion annually by 2021, from small local enterprisers to multinational corporations are the victims of cyber-attacks. There is always a need of cybersecurity solutions in the future to identify the new threats and alerting the users to take the required protective actions against it.
Solution:
Uncloak came up with the solution for the cybersecurity. It is an Artificial Intelligence (AI) based analytical tool. It is a blockchain based decentralized cyber security management solution, it builds its own data base for threat detection using advanced AI technology.
features:
Blockchain Powered Bug Bounty:
Cyber attaches can damage the revenue and company reputation. Uncloak is aiming to provide the solution for this using smart contracts, that is functioned with pre-determined action for cyber security. For example, a smart contract would allow UCC tokens to be issued to the ethical hacker on the basis that a new cyber threat vulnerability has been found and checked by other ethical hackers in the community.
If the hunter founds security threat in the system application, he will check it in the public cyber vulnerability database and ensures whether it is already under surveillance or needs protection.
AI Threat Detection Engine:
Uncloak is working with the Krzana which is world leading Artificial Intelligence software development firm specialising in software it provides up to date cyber threats database for the uncloak users.
Token economy:
Unlock issues token called “UNC”, it can be used to purchase and subscribe to Uncloak platform along with fiat currency for subscription services.
Token metrics:
Token symbol: UNC
Total Token Supply: 4,200,000,000 UNC
Hard Cap: $21,000,000 USD
Soft Cap: $6,000,000 USD
Token Price: 1 UNC = $0.01 USD
Minimum ICO Investment: $100 USD
Maximum ICO Investment: $100,000 USD
Main sale: September 25th – 2nd October 2018
Team:
Tayo Dada Co-Founder, CEO & Cyber Security Expert
Tayo has Over 30 years of experience working in IT from software development to IT management. Tayo manages an award-winning InfoSec team of experts in IT security and Cyber Threat management who are furnished with industry recognised qualifications/certifications including SC clearance, CISSP, ISO27001, Cyber Essentials, CEH and CREST. Actively involved in working with Start-ups and organisations who aim to accelerate their growth through innovative IT Solutions.
Phil Jackson CTO & Cyber Security Expert
Industry renowned cyber security expert. Over 22 years of IT security and software development experience working with a myriad of organisations and cyber security applications. Strong understanding of the OWASP top 10 vulnerabilities. Contributing to the security test framework. Writing code to add to the security features within the application.
Nicholas Topham COO & Co-Founder
Nicholas has worked at the forefront of the TMT sector for 30 years, operating as a CEO, COO, partner level consultant and Investor. His experience spans the decades from computerisation, through liberalisation, mobile, the Internet, Datacentres, the growth of Asia and Developing markets, the Cloud and Applications and the processes necessary to run a business.
Verdict:
• Core team members are well experienced in cyber security and artificial intelligence
• Advisory team consist of members from cyber security and blockchain technology
• Its demo (MVP)is available in their website
• Social media hype is very good, its telegram community has 24k+ members as of now
• Website and whitepaper has clear explanation of the project concept
Cons:
• Roadmap has mentioned milestones till 2018 Q4 only.
• No partnership is mentioned in the website
• Core team members are beginners in the blockchain technolgy
Links:
Website: https://uncloak.io/
Whitepaper: https://whitepaper.uncloak.io/
Telegram: https://whitepaper.uncloak.io/
Twitter: https://twitter.com/uncloakio
Facebook: https://facebook.com/uncloakio
Reddit: https://www.reddit.com/user/uncloakio/
Medium: https://www.medium.com/@uncloak.io/
Bitcoin talk Username: anushkamehta0902
Bitcoin talk profile link: https://bitcointalk.org/index.php?action=profile;u=2039767
ETH address: 0xd1c62C22C078A0C6B1E42F7200F0b082EE81a64a