Decentralization is good. Removing power from central parties is excellent. Privacy is welcome. However, there is still a problem that might hinder adoption! It is regarding cybersecurity.
Andreas M. Antonopoulos famously said, “not your keys not your coins.” There are so many projects, so many ways to store your crypto. You might store it in a decentralized blockchain wallet. Your own a Ledger or a Trezor or have an account in Bittrex or Poloniex. Many of your favorite altcoins are not listed in top exchanges, hence, you might also have an account in a shady exchange with a different password.
Now, all decentralized wallets come with 12 or 24-character passphrases. It is impossible to memorize so many passwords and passphrases, isn’t it? So, you have to store all these passwords and passphrases somewhere safe. But where and how will you store all these passwords and passphrases?
We will answer this in this article.
Did you know that an average alphanumeric password can be cracked in less than one second?
Do you still feel that your bank/exchange account password or your email ID is safe?
Consider this:
- Many black hat hackers are putting all of their focus into crypto-hacking. Every day, an average of up to $23 million worth of cryptocurrencies is lost to scams, phishing, and hacking.
- According to the Deloitte 2019 Global Blockchain Survey, 29% of enterprise-level respondents see security threats as major organizational barriers to institutional blockchain tech investors.
The need
Daily, the complexity and the criticality of our online operations is increasing. We are continuously handling more critical and sensitive data than we used to before. However, we are not upgrading ourselves regarding cybersecurity. With our growing involvement in the digital space, there is a need to have cybersecurity which is
- Integrated
- Decentralized
- Low cost
- Easy to use
- Minimum knowledge required
We recently got an opportunity to test a personal cybersecurity application that is looking to cater to all of the above needs. The application is a 360° cybersecurity companion product that incentivizes users to learn good cybersecurity habits. It is also a personal one-stop-shop for all cybersecurity-related protection.
HackenAI Application
We had the privilege to test HackenAI’s iOS application (Version 0.9 (7)) on the TestFlight. The app has a beautiful and simple graphical user interface (GUI). Sign in was very easy. Remember to save the backup phrase and store it somewhere safe! You will be able to log in to HackenAI from any device using this. You can also create a local password/ fingerprint for your local system.
The app is designed to educate and provide tools to a common user with learning materials and tools to make their systems more secure.
The app consists of 4 sections:
- Education
- Dashboard
- ToolBox
- Wallet
Education:
This section is a user’s guide in the world of cybersecurity. With Hacken’s constantly updated educational material, the user will learn the basics of personal cybersecurity in a simple and fun way.
The tab is very interactive consisting of the below modules:
- Account Management
- Anti-Phishing
- Privacy
- Encryption
- General Security Principles
- Digital Asset Security Essentials
The modules are gamified. You are rewarded with a non-fungible token (NFT) as you progress through the modules.
Dashboard:
This section is a summary of your profile which includes:
- Security Health Status
- Security Breaches
- Achievements
- Collectibles
- Staking
It shows both your security status and your education level. It also shows a list of your collectibles.
Toolbox:
This section includes the below:
- Password Manager
- Darknet Monitoring
- Secure Storage – later
- MFA- later
- VPN- later
It thus currently has just the two active features:
Password Manager:
Open this link and download the Hacken application on your desktop.
Scan the QR Code given in the desktop application.
You will get an option to import your password from browsers and password managers.
Browser Import
Password Manager Import
Darknet Monitoring:
Darknet Monitoring shows whether any account has data breaches. Such service is not available on the internet Below is an example where the tool searches all previous breaches and informs you.
Wallet:
The HackenAI wallet provides the opportunity to store BTC, ETH, VET and other popular cryptocurrencies.
About HackenAI
The HackenAI team has 50 years of combined experience in protecting clients of all sizes and industries including banking, manufacturing, transportation, and e-commerce. It has a strong R&D team.
Hacken is cooperating with industry leaders such as CoinMarketCap, Bitfury, and Etherscan to promote cybersecurity, accountability, and transparency of the blockchain and IT industry. It is the only cybersecurity partner of the CoinMarketCap Data alliance. It also has partnerships with the US Department of Defence, AirAsia, and TradingView.
Haken AI Token – HAI
HAI will be used as a utility token to power most activities performed within the HackenAI platform. It is a VIP180 token, minted on the VeChainThor blockchain. HAI will be used for the below cases:
- HackenAI subscription fee
- Hacken B2B services payment
- 3rd party products purchased from HackenAI cybersecurity marketplace
- Staking program
- Corporate governance
HackenAI rewards users for the following acts within the platform:
- Educational cybersecurity tasks completion
- Crypto exchanges cybersecurity reviews
- Cybersecurity research content
- Daily platform usage
- Creative marketing content
There are four staking hierarchy levels based on the number of benefits included:
- Researcher staking
- Expert staking
- Architect staking
- Ethical hacker staking
Staking begins on 20 April 2020. Users are encouraged to lock in their staking tier prior to 1 August 2020 to take full benefits of the early bird pricing. The staking amount is pegged to USD and nominated in round HAI figures, which is adjusted every 3 months. If one stake for 6 months, received the lifetime subscription and then stops staking, they continue receiving the free subscription but cannot stake again and do not qualify for future staking benefits.
HAI IEO
HackenAI initial exchange offering (IEO) will officially start on April 13 on the OceanEx Exchange.
Token Sale Period: · 21:00, Apr. 13th, 2020 (UTC+8) — 21:00, Apr. 14th, 2020 (UTC+8).
Token Name: HAI
Token Sale Hard Cap: 400,000 USD
Total Token Supply: 1,000,000,000 HAI
OceanEx GO!’s Allocation: · 40,000,000 HAI (4% of total token supply)
Subscription Token: VET
Public Sale Token Price: 1 HAI = 0.01 USD (price in VET will be determined within 72 hours before the token sale)
More details on the IEO in this HackenAI Medium article.
Conclusion
HackenAI is working in a niche area of cybersecurity. We feel that this is a very important area for blockchain, as evidenced by the rising cases of hack in the crypto space, and it demands a solution.
The subscription through staking is a unique value proposition. In the future, there will be a need for more applications like this. In the meantime, the HackenAI application makes it easier for a newcomer to enter the cybersecurity segment proactively. This is definitely a project to look out for!
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Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.