Hi Guys,
I have been reading about the questions posed. Basically for those that are new to cyber security - the StingMiner which is the honeypot or tool that attacts hackers can run on virtually any platform. To start off with it will be on low powered systems like the raspberry pi or beagleboard. It can also run on normal machines (OS) but the idea is to have mass adoption. The power of this is the more StingMiners we have the better the threat detection capabilities. Once a threat is identified and validated using the AI engine in the backend this will be distributed to consumers and enterprises.
Consumers - the threat information will be available because BitFence plans to launch a personal firewall which will be integrated into the distributed network.
Enterprises - they already use existing security solutions like Cisco F5 etc and Bitfence will integrate into this.
The ICO is a strong business case covering cybersecurity which is a $202B industry and the cost of cybercrime topping $3T so you can do the maths.
The value of the HNY tokens will rise as more threat intelligence feeds become valuable - which means mass adoption. Also note due to the technical superiority of StingMiners we can target focused industries. For example: Autonomous Cars connected to the Internet - our StingMiner can emulate an infotainment system of a car using CAN bus. Hackers would think this is a car and try to run some attacks specifically targeting these protocols - which would identify them and fingerprint them. The same can be applied to any industry as they move to Internet of Things.....
Thanks for the good explanations. I am having a hard time understanding the technical area, but now I know better. The example with the car explained it well
When I look at what a big market IoT is, then I see a great future for Bitfence