Topic: 📌 [ANN] 📈 [Pre-ICO] CloudFish - Disrupting Global Cloud Security 🌎 - page 7. (Read 4800 times)

ICO stands for "initial coin offering," and refers to the creation and sale of digital tokens.

In an ICO, a project creates a certain amount of a digital token and sells it to the public, usually in exchange for other cryptocurrencies such as bitcoin or ether.

The public could be interested in the tokens on offer for either or both of the following reasons:

1) The token has an inherent benefit – it grants the holder access to a service, a say in an outcome or a share in the project's earnings.

2) The benefit will be in increasing demand, which will push up the market price of the token.

Tokens, especially those of successful sales, are usually listed on exchanges, where initial buyers can sell their holdings and new buyers can come in at any time.

As a type of digital crowdfunding, token sales enable startups not only to raise funds without giving up equity, but also to bootstrap the project's adoption by incentivizing its use by token holders.

Buyers can benefit from both the access to the service that the token confers, and from its success through appreciation of the token's price. These gains can be realized at any time (usually) by selling the tokens on an exchange. Or, buyers can show their increasing enthusiasm for the idea by purchasing more tokens in the market.

Thanks for your compliments.

Regarding your question, Storj and CloudFish, although the two companies share some common strengths, their products are completely different and targeting different market segments. Storj's product is in the cloud storage while CloudFish's product is in the cloud security space.

CloudFish Enterprise Security Suite consists of three main functional components: The Cloud Access Security Broker (CASB) and the Cloud Data Encryption Interface (CDEI).

Cloud Access Security Broker (CASB)

The CloudFish CASB uses a proprietary algorithm to store and manage users’ encryption keys using block chain technology. Unlike the traditional CASB products available in the market that stores users’ private encryption keys on a single server, the CloudFish CASB splits the users’ keys into fragments and stores it in blockchain. This makes it virtually impossible for a hacker to steal users’ private keys and the digital assets protected through those keys. CloudFish uses a proprietary algorithm to dynamically construct and store users’ keys in the blockchain. The reconstruction and validation mechanism implemented by CloudFish for users’ encryption keys is very similar to the way blockchain validates your cryptocurrency transactions.  The use of blockchain for security keys validation makes it not only impossible to steal but also makes it easy for the user to access it anytime from any platform……means you don’t have to worry what happens to my crypto wallet if my laptop is stolen or lost or if the wallet company’s server gets hacked.


Cloud Data Encryption Interface

The Cloud data encryption interface provides a transparent security layer on top of commercially available cloud services. This layer automatically encrypts any data going to the public cloud and decrypts it when the data is received on the local machine. This encryption layer uses the industry-standard AES 256-bit encryption and it is built on top of the public interfaces provided by commercial cloud services provider.

In release 1.0, CloudFish product has been integrated with Dropbox, Google Drive, Box and Microsoft OneDrive. In release 2.0, additional integrations are planned including Amazon Web Service (AWS) Salesforce.com, Slack and IBM Cloud.

CLOUDFISH CLOUD SERVICES GATEWAY (CSG)

CloudFish Cloud Services Gateway (CSG) is a separate licensable product which integrates with CloudFish Enterprise Security Server.

The CSG provides enterprise data services related to security including automatic detection and control of security threats for the data, the companies store on commercial cloud servers.

The CSG is an agent-based software. Each node in the enterprise network (laptop, desktop, server etc.) runs a CloudFish agent software that monitors the network use pattern on that machine. It uses the artificial intelligence technology and  machine learning algorithms to detect unusual activities like suspicious login attempts, hacking or intrusion attempts, ransomware or a potential spyware or malware activity on each.
 
Upon detection of a suspicious activity on a node, the CloudFish agent running on that node immediately takes preventive actions on that node and it triggers an ‘alarm’ about the security risks that propagates to other nodes in the network .

Upon receiving this information, the agent software running on other nodes takes preventive actions to isolate themselves from the network threat. This sharing and learning about network threats among different network nodes acts like a ‘collective network wisdom’ which minimizes the risk of large-scale data loss and services interruption for the enterprise.