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BlockSafe Technologies — Securing the Blockchain Ecosystem, Wallets, Exchanges and Private Blockchains

What is BlockSafe Technology?

BlockSafe is a company specializing in blockchain-based cybersecurity. They were founded in 2018, by a group with more than 17 years of experience as a team. Their overall goal is to bring security and safety to consumers.

Problem

With any industry that is experiencing growth, there will always be people who seem to be rich behind other people. The cryptocurrency industry has seen a recurring theme over the past two years — Theft. In 2018 alone we have seen hundreds of millions of dollars stolen. This does not even include losses that are not reported. Although we look for interoperability, it undoubtedly causes big problems. Achieving this, and the convenience it brings, we continue to introduce new gateways for violations and unwanted system entries. Between cellular, cloud and desktop services, our information if fragmented in a dangerous way. Safe solutions are needed to offset the growth of this industry. Although this may be a difficult task, because technology is developing day by day, it needs to be done.

How will they solve it?

BlockSafe Technologies plans to fix the problem of theft in this industry. Although theft will always occur, services such as those proposed by BlockSafe can minimize the amount of damage done.
To achieve their goals, the company has plans for 3 main products:
1. Crypto Defender
Secure your digital wallet by providing the following capabilities
Anti-screen capture
Keystroke encryption
Anti-clickjacking
2. Exchange of Defenders
Contains CryptoDefender and ProtectID to provide exchange security.
3. Blockchain Defender
Protect private blockchains by acting as a gateway for data.
This is just a brief example of some of the features offered by each product. Along with the development of the company, this product will become more expansive, and continue to adapt to the industry.
This combination of products offers a comprehensive way of security for everyday users. It’s much easier to be proactive, and prevent hackers from stealing funds / data, than to be reactive. More often than not, reactive actions have proven to be fruitless. By offering a platform such as that demonstrated by BlockSafe, users can be more relaxed, knowing that they are proactive in their approach to security.

What’s next?

To fund the development of their various products, BlockSafe will hold an upcoming STO. During this STO, they will sell their ERC-20 tokens known as ‘BSAFE’. This token will be sold as collateral, and offers investors the opportunity to buy shares in Block Safe itself.
The company aims to raise $ 27 million during their STO. Full details of how investors will be replaced have not been released. This information must be published immediately, along with the company’s whitepaper.

BlockSafe is at the forefront of defending wallets and crypto exchanges

More than one billion dollars in cryptocurrency was stolen in 2018, a fourfold increase from 2017, and $ 9 million was stolen every day from individual purses. Crypto’s own wallet and exchange are safe, but access to them via the internet is often a weak link, which is manipulated by the attacker. In addition, most of all mobile phones around the world have some form of malware in them where malicious players watch silently while users record passwords and other important information. This is the area that BlockSafe defends.

Crypto exchange has a hot wallet and cold wallet

The wallet stores the user’s secret key as well as the exchange’s secret key. Most keys are stored offline in a safe (cold wallet). Part of the key is stored on a server that is connected to the internet (hot wallet) to facilitate transactions. These servers are vulnerable to data breaches like other hacker attacks. Exchange Defender consists of two products to protect the internal crypto exchange system.
These are — CryptoDefender ™ and ProtectID® protect computers and mobile exchange devices from lock codes, screenshots, and click attacks.
ProtectID® secures access to the internal system through two out-of-band authentication factors. Blockchain Defender acts as a gateway between the application and the private blockchain. It checks every message, checks whether it is allowed according to company rules & policies, scans the contents of data fields for malware and authenticates transactions through the ProtectID® system. It can also forward blockchain messages to the company system or other blockchain through the appropriate gateway.

About BlockSafe

The company has patented advanced technology aimed at addressing major cyber security challenges. The company secures wallets, exchanges and Blockchains. Wallet guaranteed through CryptoDefender; The exchange is guaranteed through the Exchange Defender while the Blockchain is secured through the Blockchain Defender.
At present, Block Safe is said to be the spearhead of the protection of wallets and crypto. In 2018, more than one billion dollars in cryptocurrency is said to have been stolen. This is a fourfold increase from 2017. It is also believed that $ 9 million is stolen from people’s wallets every day. The exchange and crypto wallet itself are safe even though access to them via the internet is always considered a weaker link so that the attacker can easily manipulate. Most cellphones around the world have some form of malware on the board where malicious players can secretly watch their users record passwords along with other important information.

How does the BSAFE token value increase in value?

BlockSafe Tokens BSAFE makes passive contributions, BlockSafe receives ten percent of top-line sales revenue and returns it to the token holder every quarter.

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