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Buglab – a platform that connects companies with a global network

Buglab is an Ethereum-based platform that connects companies with a global network of expert cybersecurity researchers. At the center of their 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 will offer a unique, competitive, incentivized, and easy-to-use platform to address this widespread and growing business need. Buglab will assist companies, whether in IT, financial services, or in retail, to identify and mitigate cybersecurity gaps they may not (but should) know about. The solution makes cybersecurity services accessible to even the very smallest enterprises that typically lack both the resources and budget to tackle cybersecurity vulnerabilities using traditional means. The Buglab platform detects and remedies vulnerabilities on various business applications, websites, mobile applications, Internet of Things (IoT) devices , and smart contracts by transforming penetration test services into challenges, referred to as contests, for a community of independent information security consultants with certified qualifications.

Problems of Traditional Penetration Testing and Bug Bounties

Cost Inefficiency

Whether 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 Resources

Cybersecurity firms typically assign just a few pentesters to each assignment, which limits the skillsets being leveraged.

Irrelevancy in Reporting

During bug bounties, researchers uncover large amounts of vulnerabilities without in-depth analysis, adding little value to the clients.

The Buglab Solution

The Buglab platform links organizations that have information security needs, which is just about all of them, with a community of certified cybersecurity penetration testers in an incentivized environment, where testers are rewarded when they uncover system vulnerabilities, ranked by severity and potential impacts. It’s done as a race against time. Importantly, finding unique vulnerabilities is ranked above simply producing a list of issues.

Fix Companion

At the Enterprise level, Buglab will verify that the fix has been implemented. Buglab will attempt to verify (exploit) the vulnerability again. When confirmed as fixed, a Buglab team of analysts will update the status accordingly in the platform. A “fix” can be declined by Buglab to give the company a chance to address the vulnerability again. The company will be allotted up to five attempts to address the vulnerability issue. Through the entire duration of the challenge companies can chat with pentesters and access reports, they will be able to implement recommendations to remedy the vulnerabilities in real time. This is especially useful if the vulnerabilities and the associated fixes are time sensitive. Companies need not wait until the end of the contest to implement a fix.

ICO DETAILS

Token Name BGL
Platform Ethereum
Token Type ERC-20
Pre ICO Token Price 1 BGL = 0.15 USD
Main ICO Token Price 1 BGL = 0.15 USD
Accepted Payment Method ETH
Minimum Contribution 6.67 ETH
Soft Cap 6,000,000 USD
Hard Cap 20,000,000 USD
Token For Sale 170,000,000 BGL
Pre ICO Start Date 30.06.2018
Pre ICO End Date 04.08.2018
Main ICO Start Date 11.08.2018
Main ICO End Date  
Country
KYC, Whitelist Both
Limited Area USA, China

 

Source: youtube/Buglab


For more information, visit the WEBSITE or read the Whitepaper.

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