PolySwarm, the first decentralized threat intelligence marketplace, joins Science Blockchain
Science Blockchain, our incubator focused on funding and growing leading companies in the Blockchain space, has invested in PolySwarm, the first decentralized marketplace where security experts build anti-malware engines that compete to protect and detect today’s threats.
Currently, up to 70% of threats go undetected and cyber crime damages are expected to double by 2021, reaching 6 trillion USD dollars. PolySwarm concentrates a global community of anti-malware experts to work together to best detect threats that are prevalent within the cyber security space.
Today’s antivirus and cyber security market is dominated by single-vendor offerings that often neglect emerging threats. PolySwarm will introduce rapid innovation in the $8.5 billion/year anti-virus market by incentivizing a global community of security experts for timely and accurate malware identification. The marketplace will bring enterprises, consumers, vendors and geographically-diverse security experts together in one place for more comprehensive threat detection. Security experts craft and maintain competing software “micro-engines” that quickly identify the latest threats, attempting to outperform their competition. PolySwarm unlocks potential in dormant information security expertise by creating rewards for crowdsourced and collaborative malware detection.
As blockchain continues to grow as the leading platform for business and technology innovation, fraud is getting increasingly harder to detect. Science Blockchain is dedicated to fostering business and marketplaces that are improving the security and transparency attributes of distributed ledger technology, and PolySwarm is reimagining the antivirus market in a way that will streamline extensive threat coverage.
Disclaimer: This press release does not constitute an offer to sell or the solicitation of an offer to purchase the Science ICO tokens, nor shall there be any offer, solicitation or sale of the Science ICO tokens in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Science ICO tokens have not and will not be registered under the Securities Act or other applicable state securities laws, and may not be offered or sold in the US absent registration or pursuant to an exemption from registration requirements of the Securities Act and under applicable state laws.
Science ICO tokens were offered on a limited basis to a maximum of 99 accredited US investors under exemptions from registration with the U.S. Securities and Exchange Commission pursuant to Regulation D, Section 506(c) and Regulation S of the Securities and Exchange Act of 1933, as amended (the “Securities Act”), and the rule promulgated thereunder.
Certain statements, projections or other estimates herein (including estimates of value, returns or performance) are forward-looking statements and are based upon certain assumptions. Other events that were not taken into account may occur and may significantly affect the analysis. Any assumptions should not be construed to be indicative of the actual events that will occur.