BugLab "The Blockchain's Answer To Cyber Security"

BugLab "The Blockchain's Answer To Cyber Security"



WHAT IS BUGLAB?
Buglab is an Ethereum-based platform that connects companies with a global network of expert cybersecurity researchers.
At the center of our ecosystem, there are two programs - the buglab contest and Vigilante Protocol, helping companies all over the world to discover and fix vulnerabilities on their digital solutions or assets.
Buglab offers a unique, competitive, incentivized, and easy-to-use platform to address this widespread and growing business need. The Buglab platform will help companies detect and remedy vulnerabilities on their various business applications, websites, mobile applications, online devices, and smart contracts by transforming penetration test services into challenges, or contests, for a community of independent information security consultants with certified qualifications.
Using what’s described as the Vigilante Protocol, the platform also invites anonymous whitehats to find and report bugs ethically, also with the incentive of rewards for identifying a vulnerability first.
The Buglab solution makes cybersecurity services accessible to even the very smallest enterprises that typically lack both the resource and budget to tackle cybersecurity vulnerabilities using traditional means.
WHO IS BUGLAB FOR?
SMEs
Small and medium businesses, from all over the world looking for a more attainable and effective way of protecting their digital assets.
CERTs & CSIRTsComputer Security Incident Response Teams, will be able to partner with buglab on building a sustainable vulnerability prevention system to help companies.
Pentesters & WhitehatsBuglab’s platform is built for global network of expert security researchers looking for a trusted way to help businesses worldwide and be compensated.
Problems of Traditional Penetration Testing and Bug Bounties
Cost InefficiencyWhether it’s the billable hours model in pentesting, or the pay-per-vulnerability structure of bounties, companies do not get the most of out of their spending.
Lack of ResourcesCybersecurity firms typically assign just a few pentesters to each assignment, which limits the skillsets being leveraged.
Irrelevancy in ReportingDuring bug bounties, researchers uncover large amounts of vulnerabilities without in-depth analysis, adding little value to the clients.
Token Distribution Overview
A token is a digital asset that can be transferred between two parties over the Internet, without requiring approval from a third party. During the TDE, tokens are sold to users who see value in the platform and anticipate they will use the tokens to access the platform when it is ready and generally available for public use.
Buglab Transaction ReserveFinancial transactions made on the blockchain by Buglab, in the regular course of operation, will require payment of transaction fees to miners in order to get these transactions included in the block.
Sale Details
Symbol : BGL
Total Token Supply : 425,000,000
Token sale allocation : 170,000,000
Funding goal Equivalent of : $20,000,0001
Public sale price Equivalent of : $0.15
Type : ERC20
Proceeds from the sale will be deployed for the following business activities according to the percentages provided.
Development and staffing : 45%
Marketing : 22%
Business development :16%
R&D : 12%
Legal and accounting : 5%
Token Allocation 
Project Timeline 
The following illustration highlights significant milestones Buglab has achieved the last two years as well as goals for 2018.
  • March 2016 : Development Begins
  • February 2017 : French Tech Ticket Acceptance and Team Relocation
  • June 2017 : IBM Global Entrepreneur Program Acceptance
  • November 2017 : Partnership with CERTs & CSIRTs begins
  • Q2 2018 : Public Pre-sale Opens
  • Q3 2018 : Public Sale Opens
  • Q3 2018 : Blockchain Migration Begins
  • Q3 2018 : Public Beta Release
  • Q4 2018 : Launch of Contest & Vigilante Protocol
To find more relevant details from the BUGLAB project, please follow a number of sources for the following references:
AUTHOR: Vionaa
My Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1663173

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