Provo-Based Launches $41 Million ICO To Power Personal Cybersecurity Using AI And The Blockchain

Kelly Canfield Wanlass
Silicon Slopes
Published in
3 min readMay 8, 2018

--, based in Provo, has launched the pre-sale of its HEROIC token to create the future of intelligent cybersecurity using blockchain and artificial intelligence (AI). According to a recent press release, the ecosystem will provide a universal solution to protect against current and future cyber-attacks.

The software not only intelligently protects against threats but also empowers and incentivizes users to help build the next generation of cybersecurity solutions through seamless contribution of anonymized threat data — the key component needed to fuel the advancement of threat detection and prevention with artificial intelligence and machine learning.

As cyber threats continue to grow in both frequency and sophistication, will provide enterprise-level technology to individual users. Anyone who joins the network can both receive advanced threat protection and be compensated for their participation in the ecosystem.

“Our mission is to protect the world’s information — of all individuals — not just the biggest businesses,” said Chad Bennett, founder and CEO of “The reactive, centralized model of cybersecurity is completely outdated. The future of cybersecurity is decentralized and democratized — utilizing AI and the blockchain, which are better models to uncover threats and create the best possible solutions.”

The ecosystem consists of the following components:

  • HEROIC Guardian™ — a cloud-based, unified threat management system that utilizes threat data from Arc Reactor and combines it with artificial intelligence to predict and prevent cyber-attacks. It’s simple, online interface helps individual users, families and businesses manage all pieces of the cybersecurity puzzle. More than 1,000 paying customers are already using Guardian.
  • HEROIC Arc Reactor™ — a decentralized cyber threat intelligence exchange powered by the blockchain. Arc Reactor collects, transforms and distributes threat data through an open, blockchain based marketplace.
  • Research and Development Environment — an environment for developers and organizations to visually and programmatically interact with Arc Reactor’s threat data and incentivize AI-powered cyber solutions.

“An early version of Guardian —’s personal protection solution — is already being used by more than 1,000 paying customers to protect their information and technology,” Bennett said. “The ecosystem will be openly available to developers and companies alike to build their own intelligent solutions. As more users join the network, the more secure everyone becomes. The combination of big data with artificial intelligence and the blockchain is a completely new paradigm for cyber protection.”

With its universal security solution, is unveiling the world’s first Universal ICO. No matter a user’s home country, preferred contribution method or economic standard, all users will be able to participate in the ICO through various programs. Contributors may purchase Tokens using Ethereum, Bitcoin, and most popular cryptocurrencies/currencies. Users who own HEROIC Tokens may use them to purchase existing and future services directly from or other partners of the ecosystem and can also exchange them for other cryptocurrencies and cash.

The management and advisor team has a solid and strong combination of start-up and traditional management experience along with a group of advisors who are the most experienced in the blockchain industry. Bennett has already led two of his three prior companies to multiple Inc. 500 wins. Advisors to include, among others, John McClurg, former CISO at Dell and current VP and Ambassador-at-Large at Cylance; David Bradford, former CEO of Fusion-io and executive at Novell; Tricia Schumann, CEO of BachHealth; Jeff Flamm, CEO of Infinite Mind; Ryan Lewis, founder of the BYU Blockchain Summit; and Garrett Gee, founder of which was sold to Snapchat.