Cloudbric, a well-established and award-winning cloud-based web security provider based in Seoul, South Korea is set to open its whitelist period for their upcoming initial coin offering (ICO). The ICO will go towards the development of a new universal, AI-powered decentralized web security platform.
The company currently offers WAF, DDoS protection, SSL solutions, and protects websites from SQL injections, cross-site scripting, identity theft, website defacement, and application layer DDoS attacks. In May 2018, Cloudbric informed of its exciting plans to launch a reverse ICO initiative. With an already working product, Cloudbric now plans to build on its established web security offerings through the addition of a decentralized, user-led security platform.
Cloudbric now plans to build on its established web security offerings through the addition of a decentralized, user-led security platform. This platform will be powered by Cloudbric’s patented deep learning module known as VISION and will provide an all-inclusive suite of cybersecurity solutions, as well as the development of a new decentralized security ecosystem.
How it Works
Users of the new decentralized Cloudbric web security platform will be able to train the very technology that helps protect their online digital assets by contributing anonymous cyber threat logs to advance the accuracy and learning capabilities of Cloudbric’s deep learning module. For their continued security contributions, users will be rewarded through the free distribution of Cloudbric cryptocurrency (CLB) tokens directly to their user account.
Security Areas of Concentration
Cloudbric will consolidate multiple security solutions into one unified platform to provide easy to manage cybersecurity for a diverse range of users.
Solutions to be offered within the platform will focus on 3 primary security components:
- Server-side security (websites)
- End-point security (PC, mobile, and IoT connected devices)
- Cryptocurrency asset protection (including a secure CLB crypto wallet).
Together, as a unified platform, this will enable users to enjoy enterprise-level website security, CDN speed optimization, intelligent malware protection, spam/phishing prevention, cryptocurrency fraud protection, and much more.
Unlike any other ICO
With over 30 years of collective cybersecurity experience, the Cloudbric team, led by CEO and Founder TJ Jung, bring a wealth of knowledge and first-hand security service experience to the ICO market. Cloudbric is also unlike any other typical ICO cybersecurity vendor on the market. Cloudbric is already an award-winning and trusted global web security vendor based out of Singapore. To be more explicit, Cloudbric’s web security technology is recognized as the top solution in the APAC region and number 5 in global rankings by security analysts, such as Gartner and Frost & Sullivan.
Cloudbric’s motivation to launch a reverse ICO is to empower all users to become the primary drivers of decentralized cybersecurity advancement and to become one of the first vendors to provide a suite of cybersecurity solutions powered by AI-based deep learning technology.
On top of the highest level of experience coming from the working Cloudbric team is the professionally laden Advisory Board for the Cloudbric platform and ICO. See below the names which comprise of Cloudbric’s advisors:
- YoungHa Kim – Former CEO of Samsung Electronics, China
- Steve C. Y. Pang – Executive Director of Goldford Group, Goldford Venture Capital
- Caspar Wong – CEO of Goldford Fintech
- Jae-Woo Lee – Top 10 Individual at Global Top 10 Security Summit & Advisory Board of Kaspersky Lab
- Seokwoo Lee – CEO & Founder of Penta Security Systems, Inc.
- Kazunari Miyazaki – Head of NEC Venture Fund & Director of Biglobe
- Dennis Kim – CEO of PLAYCOIN & Gamehub
- William H. Nguyen – Chief Crypto Architect of GIFTO & Ph.D. Harvard University
- Jin Woo Shin – Associate Professor at KAIST & Ph.D. MIT
- Kyle Riley – Co-Founder of iosiro
Cloudbric’s patented deep learning module, VISION
Powering its next-generation decentralized security platform is VISION. The need to provide a more autonomous and advanced range of data protection services to users helped fuel Cloudbric’s plans to develop a new deep learning powered universal security platform.
VISION will be powered by a Convolutional Neural Network (CNN) learning model that extracts patterns of behavior using a diverse set of attack inputs and data. More information on the technical attributes of VISION can be found in the white paper.
Protection for Cryptocurrency Users
Universal protection also means protecting online cryptocurrency users avoid potentially sticky situations. We all know the history of phishing schemes and hacks, so why wouldn’t you want to have next-level protection mechanisms guarding your online endeavors? With the internet as the life force to operate the cryptocurrency ecosystem, now Cloudbric is here to serve cryptocurrency users in real-time.
This protection evolution will come in the form of Cloudbric’s development of a new mobile/PC device security client known as the Cloudbric Secure Web Gateway. The client will allow users who own various cryptocurrency assets to receive real-time protection against crypto focused hacking attempts. The Secure Web Gateway client will be able to identify and prevent the installation of malicious cryptocurrency hijacking software to user devices. Furthermore, the client will guard against crypto exchange phishing sites with automated protection against transferring digital assets to fraud addresses. Cloudbric is also on schedule to release a secure cryptocurrency wallet in 2019.
Blockchain & IPFS
One of the key aspects of the Cloudbric reverse ICO will be the decentralization of all threat intelligence information onto the blockchain. Cloudbric’s universal security platform will amass large amounts of anonymous user-generated attack logs for collective transparency and open verification. The goal is to develop the world’s largest cyber threat database across various protocols (i.e. web, mobile, and cryptocurrency threats) and to make this information accessible to the public through the development of new interactive Cloudbric Labs resource tools and custom APIs.
Due to the difficulty in storing vast amounts of data on the blockchain directly, Cloudbric plans to deploy an Interplanetary File System (IPFS) to store and decentralize cyber threat information for public use.
CLB Token – Earn by Contributing
The Cloudbric Security Rewards Program will be a major component of Cloudbric’s decentralized security ecosystem. The rewards program will be a blockchain-based compensation system to help incentivize users to participate in the active growth of Cloudbric’s deep learning security detection capabilities, which in turn will provide more accurate and advanced security for all Cloudbric users.
There will be two primary ways to earn CLB tokens:
Threat Data Contribution:
All security users who register and utilize Cloudbric security services will automatically be assigned a default CLB distribution rate. The distribution rate of CLB can be compounded, increased, or given bonus subsidies based on a variety of factors. For instance, users can increase CLB rewards by registering multiple websites, email accounts, mobile devices, and PCs directly to their personal Cloudbric universal security dashboard. Bonus CLB distributions will also come in the form of user referrals or length of Cloudbric account registration. Recurring distribution of end-user CLB will be made on either a daily, weekly, or monthly basis (to be determined) and will be posted to a distributed blockchain ledger for verification of user distribution.
Community Resource Contributor:
Users will be able to earn free CLB token distributions by contributing new information to the Cloudbric Labs community.
Token Distribution Plan
CLB tokens will be available for sales and distribution through both pre-sales and crowd sales events, which will account for 54% of the total CLB supply. Tokens will also be distributed amongst core Cloudbric executive team members and advisors, potential marketing efforts, and the Cloudbric Security Rewards Program.
For a detailed breakdown of CLB token allocation, please refer below.
Cloudbric will create approximately 1,000,000,000 CLB (1 billion CLB) for maximum supply:
- 44% or 440,000,000 CLB (440 million CLB) will be allocated for Token Sales events
- 25% or 250,000,000 CLB (250 million CLB) will be allocated for the Cloudbric Security Rewards Program, as well as additional internal service management or operational costs
- 16% or 160,000,000 CLB (160 million CLB) will be allocated for the core Cloudbric team and advisors
- 10% or 100,000,000 CLB (100 million CLB) will be allocated as an investment reserve (i.e. potential exchange listing, strategic partnerships, etc.)
- 5% or 50,000,000 CLB (50 million CLB) will be allocated for potential short and long-term marketing efforts to help promote CLB tokens