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Friday, October 22, 2021
Home News Blockchain Content Startup DECENT Cuts Deal With The Hackereum Project

Blockchain Content Startup DECENT Cuts Deal With The Hackereum Project

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.

 

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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