Blockchain Content Startup DECENT Cuts Deal With The Hackereum Project

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DECENT has recently signed a deal with the Hackereum Project to augment their Crowd Penetration & Exchange Platform with Blockchain. The platform uses white-hat hackers to participate in pinpointing software issues of which they  track and detect  and then upload the vulnerabilities onto a private Blockchain, designed by DECENT. In addition, companies can also post bugs onto blockchain with the intent to find ethical hackers to mend them.

Vulnerabilities would be considered as a form of asset, comparable to Bitcoins. Hackers would obtain them by penetrating the software and trading them on DECENT Network, where they would find appropriate buyer, presumably a software engineer. 

To measure the value of vulnerabilities, Hackereum Project would set up the bug management service. It would assess the bug’s fair market value in accordance to the patented assessment formula. Hackers would receive an adequate price for product or labour cost.

This model could help businesses swiftly react to emerging problems with software and hardware. Therefore, designers could prevent vulnerabilities to occur in the future and prevent companies from dealing with the same issues.

Outsourcing the IT-oriented work could potentially save not only precious time, but also much needed finances, due to allocating technicians and staff from maintenance or servicing to development, innovation and generally creative tasks. Small startups could adhere to building the brand, rather than needlessly worry about security.

 

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Founder of Blockchain News and The Hackitarians Foundation, Richard Kastelein is an award winning publisher and editor, hackathon organiser and entrepreneur. He has written over 700 articles at Blockchain News, has a massive network in the Blockchain arena and is available as a speaker and consultant. (richard@the-blockchain.com) Kastelein has spoken (keynotes & panels) on technology at events in Amsterdam, Barcelona, Belfast, Berlin, Brussels, Brighton, Copenhagen, Cannes, Cologne, Curacao, Frankfurt, Gdansk, Hollywood, Hilversum, Geneva, Groningen, London, Las Vegas, Leipzig, Madrid, Melbourne, NYC, Oxford, Rio de Janeiro, Sheffield, San Francisco, San Jose, Sydney, Tallinn, Vienna, and Zurich. A Creative Technologist & Canadian (Dutch/Irish/English/Métis) his career began in the Native Press (Canadian Arctic) and he later spent a decade in the Caribbean media. Currently, he writes occasionally for Wired Insights, Guardian & Virgin and his articles have been translated into Dutch, Greek, Polish, German & French.