Cloudbric Reverse ICO Review — A decentralized universal security platform

nahar278 (5)in #cryptocurrency • 6 years ago (edited)

Cloudbric is a Decentralized Universal Security Platform which will aim to use blockchain technology in order to enhance and expand its existing globally acclaimed web security service. Composed of a team with a proven track record of over 20 years of cybersecurity experience, Cloudbric will provide Crypto Asset Security in addition to a suite of elite security solutions in a single platform that will be easily accessible through PC or mobile.

What Is CloudBric?

Cloudbric is an AI-based cybersecurity platform that aims at completely changing the cybersecurity market by offering users access to information security that is transparent through its Decentralized Universal Security Platform. Additionally, Cloudbric seeks to merge cybersecurity with artificial intelligence, and in doing so, introduce user-focused solutions to the cybersecurity market.

Cloudbric runs using VISION, which is a deep learning module that will provide users with a wide variety of cybersecurity solutions and create a decentralized security ecosystem within the platform. The deep learning technology also makes Cloudbric one of the most advanced cybersecurity vendors in the cybersecurity market.

Official Youtube Presentation

About the products

What began as an in-house trial in 2015 at Penta Security Systems Inc. which is one of South Korea and APAC’s leading security companies, Cloudbric began as its own legal entity in December 2017. It was an initiative by individuals who collectively had more than 20 years of experience in the IT industry. It began as a comprehensive website security provider and has since its debut, ventured into other emerging industries such as SSL certificate, DDoS protection, and Cloud Web Application Firewalls services. At Couldbric, we are firm believers that it only through innovation that exceptional things happen and we will not stop until we reach the highest benchmarks of innovation.

Features Of CloudBric

Cloudbric is an AI-based decentralized cybersecurity platform. Cloudbric will employ a proprietary deep learning module called VISION and provide a set of cybersecurity solutions for digital assets. The users will be able contribute anonymous cyber threat logs to ensure accuracy and improve system’s learning capabilities. Users will get rewarded for these contributions through free distribution of CLB tokens. CLBs can be redeemed to access the set of security services. Each user must deposit or accumulate a minimum number of CLB tokens to activate all security services.Cloudbric is a decentralized universal security platform featuring enterprise-grade website, mobile device and crypto asset security, as well as access to a community driven threat intelligence database all powered through a new technology called VISION (patent pending), a CNN-based deep learning AI-tech, featuring one of the most accurate (low false positive rated) engines on the market. Our goal is to not only secure the web in general, but to secure the entire blockchain experience for users and businesses alike whether it’s protecting global exchanges, securing cryptocurrency assets, etc. so that we can help further encourages the widespread adoption of this great technology to masses. Cloudbric is currently a market leading web application firewall as a service vendor in South Korea and Singapore. We boast multiple awards (SC Magazine, Stevie Awards, Info Security PG, more), are industry-certified, and have more than 10,000 customers and partners.

Challenges CloudBric Seeks To Address

Cloudbric will address the major information security challenges that end users face such as:

Oversaturation Of Security Solutions

There are over 1600 solutions in the cybersecurity market worldwide that users have to choose from in order to solve various information security issues. This makes the selection of a solution complicated and burdensome. The complex nature of cybersecurity also leads to some vendors take advantage of vulnerable users.

Through the Cloudbric platform, users will access of the multiple security solutions in one unified platform therefore making it easy for them to manage the solutions.

Lack Of Transparency Of Intelligence Data

Cybersecurity vendors who provide services to end users collect a lot of cyber threat information such as malicious IP addresses, files infected with malware or attack patterns and behaviors. However, these vendors do not make such useful information accessible to the public but use it for their own personal gain. Furthermore, the vendors do not offer compensation to the users who provide the information.

Cloudbric will provide a decentralized security ecosystem where users can access all the security and cyber threat information that the platform detects. The ecosystem will also have reward mechanism, which rewards users for contributing to the platform by recording anonymous cyber-attack log.

Uncertainty Of Security Performance

With the current structure of the cybersecurity market, identifying the effectiveness of a solution that a vendor provides is costly and requires many resources. This therefore means that general end users and small businesses cannot test the various security solutions due to the lack of finances and resources. It also means that fraudulent companies or vendors that lack security expertise can offer solution that might not necessarily be working.

The Cloudbric team has over 30 years of experience in cybersecurity, which is a guarantee of the top-notch security services and solutions that the platform will offer.

What are the Tokenomics?

One billion CLB is the maximum supply priced at 1 ETH per 12,500 CLB. With a total of 44% (440 million CLB) will be allocated for Token Sales events, 25% (250 million CLB) will be allocated for the Cloudbric Security Rewards Program, as well as additional internal service management or operational costs, 16% (160 million CLB) will be allocated for the core Cloudbric team “and” advisors, 10% (100 million CLB) will be allocated as an investment reserve (i.e. potential exchange listing, strategic partnerships, etc.) and 5% (50 million CLB) will be allocated for potential short and long term marketing efforts to help promote CLB tokens.

Use of ICO proceeds will be allocated as the following. Development 45%, Strategy Partnerships 25%, Reserve 10%, Operations 5%, Marketing 5% and Business Development with 5%. A healthy distribution given marketing of the project isn’t as important as building strong partnerships and developing better tools for the security suite.

Cloudbric CLB Token Reverse ICO Details

Cloudbric will launch a reverse ICO whose goal is empower it users to take control of the decentralized cybersecurity advancement within the platform and be part of the pioneer vendors that will offer cybersecurity solutions based on Artificial Intelligence and deep learning technology. The reverse ICO means that it offering its token sale as an already established firm with preexisting services and products compared to traditional ICOs whereby the firm is just beginning.

Funds collected during the reverse ICO will be allocated in developing a security based Decentralized Application (DApp) that will work hand in hand with the existing blockchain infrastructure therefore enabling the operations of the platform become blockchain based.

Token information:

Token: CLB

Price: 1 CLB = 0.00008 ETH

Bonus: Available

Bounty: Available

MVP/Prototype: Available

Platform: Ethereum

Accepting: ETH

Minimum investment: 0.5 ETH

Hard cap: 10,000 ETH

Country: Singapore

Whitelist/KYC: KYC

Restricted areas: USA, China

Price in ICO
1 CLB = 0.00008 ETH

BONUS

Presale Round 2–10%

Presale Round 1–15%

Tokens for sale
440,000,000

Token Utilisation

Enterprise clients using CLB token as method of payment receives 50% discount

Secure web alliance will accept CLB as payment for Cloudbric universal security

Cloubric lab data can be purchased using CLB tokens.

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Road map

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Summary

This is a definitely promising project with a good team, vision and pretty strong attention from the audience as 2 pre-sale round were ended in 13 minutes and 21 hours accordingly. CloudBric will solve several fundamental issues in the field of security services, bringing a transparency and innovative services. This is a win-win scheme as all the participants receive benefits from using this service. As a weak spot of the project we would notice lack of blockchain experts in the team and the orientation on the Asian market. However, Asian market may become a foothold for this project and then spread around the globe as it is extremely needed by cryptocurrency industry nowadays.