The true-world safety supplier IoTeX introduced a strategic partnership with HackenProof to enhance blockchain safety. The community and the initiatives being constructed on can entry cybersecurity options from HackenProof. IoTeX has additionally launched a bug bounty program with its new companion to determine any crucial bugs from the community.

The IoTeX blockchain is a real-world safety supplier launched in 2017 that makes use of blockchain safety on actual gadgets. The community can hyperlink real-world information to any information immediately with out compromising safety. IoTeX runs with a imaginative and prescient of making an open setting the place people and machines can work together with utmost privateness and belief.

The IoTeX group consists of engineers and builders from Huge Tech corporations like Uber, Google, Intel, Fb, and so on. IoTeX has developed a blockchain-powered residence safety digicam referred to as Ucam. The gadget has received the CES innovation award for 2020 and might supply the safety you want for as little as $50.

As per the e-newsletter shared by IoTeX, HackenProof has joined the ecosystem via a proper partnership. HackenProof is a web3 cybersecurity ecosystem that provides providers to greater than 800 purchasers in Europe, Asia, and North America. Furthermore, the community’s partnership portfolio has greater than 80 companions, together with Avalanche, Polkastarter, CoinMarketCap, Weld Cash, CoinGecko, and Simplex, to call just a few.

The most recent partnership of IoTeX with HackenProof will add a brand new layer of safety to the community. IoTeX hopes that this integration will deliver the cybersecurity of the ecosystem and the challenge to new ranges. The first focus of HackenProof will likely be on Penetration Testing and Safety Evaluation within the IoTeX ecosystem.

As a number one cybersecurity Venture, HackenProof has helped IoTeX launch a bug bounty program to find the crucial bugs within the community. Verified and accredited bugs can get rewards from $50 to $15,000, relying on how crucial they’re. It’s going to additionally strengthen the community’s partnership with HackenProof and discover out compatibility points if any.

The bug bounty program will cowl 5 programs for rewards, specifically internet, API, cellular, desktop, and infrastructure. HackProof will rapidly disburse the rewards from the bug bounty deposit funded by IoTeX as soon as the findings are verified. It has been reported that already 22 hackers have been engaged on the community for 2 days for the reason that launch to search for inconsistencies.

IoTeX has additionally listed a number of crucial classes that it intends to enhance via this bug bounty program. It consists of “enterprise logic points, fee manipulation, distant code execution, and injection vulnerabilities.” Third-party functions and exterior belongings will likely be taken for rewards.

This mutually useful cope with IoTeX will assist the community HackenProof go nearer to buying a 20% share of web3 cybersecurity by 2024.