Buglab OVERVIEW OF ICO

With the development of scientific and technological progress, all business documentation has long migrated from paper to electronic media, since processing information electronically is much faster and more convenient than rewriting or reprinting it on a typewriter. But along with the positive aspects of the introduction of computer technologies into the business, there were also negative ones, the main one of which is the vulnerability of information stored electronically to cyber attacks.
I do not think that anyone will like it if his operating system on the computer is hacked and important confidential data fall into the hands of intruders, not to mention the fact that it can lead to extremely undesirable consequences, such as the disclosure of private information, a loss in a competitive struggle, financial damage, damage to reputation and, in some cases, even bankruptcy of the enterprise.
Of course, software designed to ensure computer security is constantly being improved, but hackers are also not standing still, they are also improving their knowledge and technology base, so no antivirus, brandmauer and firewalls are absolutely reliable today. None, except for innovative, built on the basis of technology blockade.

ABOUT THE PROJECT

One of these innovative projects that identify network vulnerabilities in order to provide comprehensive corporate protection of electronic data from hacker attacks and other unauthorized malicious actions in computer networks is Buglab. This project, built on the blockbuster network Ethereum, is in fact a decentralized platform that provides organizations with the opportunity to use the services of a large network of experts who research computer systems for vulnerabilities.

Who is Buglab for?

HOW IT WORKS

With this platform, customers can order a security check on their computer systems, and performers (experts) can perform this check for material compensation and provide a detailed report on its results, indicating specific vulnerabilities, the degree of risk and the forecast of the likely consequences.
The whole process is carried out on a tender basis: the client must register in the project, fill out a questionnaire, indicating the necessary information about himself, his organization and the type of activity (this is necessary for experts to know what they will have to deal with and what vulnerabilities to look for first). Then, specify the resources that you want to investigate, the information for feedback,and the amount of payment, and then select experts from the proposed list. The list will include data on each expert, his rating, country, branch of work and skill level.
This list will be formed by the system using built-in special tools based on the most appropriate qualifications of experts in this or that industry. The time of the tender is determined by the client himself.

Such a mechanism of work motivates performers to quickly detect vulnerabilities. Each vulnerability is assessed in points, depending on its uniqueness and degree of danger. Vulnerabilities found for the first time are rated higher.
Each performer, in addition to material compensation, also receives rating points, which are set for efficiency and quality of work. According to this rating, the following customers can draw conclusions about the level of professionalism of one or another expert and on this basis make their choice.

Tenders can be announced on three possible schemes:

1. Basic:

• It occurs in automatic mode, the control of tenders is carried out directly by the Euglab system;
• Automatic Vulnerability Tracking;
• Automatic analysis of reports;
• Communication with experts through the built-in chat;
• Open tenders.

1. Professional:

• Open and closed tenders;
• The ability to select experts according to the level of the rating, knowledge and experience;
• Each client is assigned a manager who controls the progress of work;
• The client has the opportunity to see a simulated scheme for the abuse of his software vulnerability;

1. Corporate:

• The client has the ability to sort and confirm the vulnerabilities found;
• Identify vulnerabilities;
• Help in correcting vulnerabilities and full support for "turnkey";
• The client has the opportunity to independently form teams from the experts he needs.

Benefits:

• Anyone who is registered on the site as an expert has the right to participate in an open tender.
• To participate in a closed tender, the client can invite a specific expert or group of experts
• Subject to a closed tender, the client can draw in a group of experts from outside professionals or an organization that deals with computer security.
• The presence of a filter in the list of experts on a number of criteria, such as: country, rating, skill level.
• The presence of a filter in the reporting system in order to eliminate duplicates and free the customer from double payment.
• The client has the opportunity to choose the most convenient tendering scheme for himself.
• The qualification and professional suitability of potential experts is easy to determine by their rating.
• The ability to communicate clients with experts in real time via chat and receive from them detailed explanations of the essence of the vulnerabilities found and recommendations for their elimination.

THE PROJECT TEAM

ROAD MAP

ICO DETAILS

The means of payment on the Buglab platform is the internal crypto currency - the BGL coin developed according to the ERC20 standard. With the help of this coin, all internal calculations on the platform will take place.

Coin name: BGL
Total issued coins: 1000000000 (1 billion)
Cost of coin: 1 BGL = $ 0.15
Soft Cap: $ 6,000,000
Hard cap: $ 20,000,000
Bonus: yes
Pre-sale period: June 30, 2018 - August 4, 2018.
The main sale period: August 11, 2018 - October 11, 2018
Currency accepted for payment: Ethereum

CONCLUSION

Due to the fact that the problem of cybercrime does exist and millions of private and corporate users annually become victims of it, this project will definitely be in demand in the market, since computer network users want to protect their data from malicious acts. At the same time, the use of blocking technology will ensure complete honesty and transparency of the whole process. Of course, the project is too ambitious for such a small team, but they are all young, energetic, full of strength, and most importantly - they are high-class professionals in their business, in the track record which already has several successful projects. But in any case, their endeavor looks very promising and of great interest to a lot of private and corporate users. For those who wish to familiarize themselves with the project in more detail, I recommend that you follow the links below:

All the important information can be found here:

Website: https://buglab.io
Whitepaper: https://buglab.io/assets/docs/Buglab_WhitePaper.pdf
Telegram: https://t.me/buglab
Twitter : https://twitter.com/joinbuglab
Facebook : https://www.facebook.com/buglab.co
Reddit: https://www.reddit.com/r/buglabProject
Bitcointalk : https://bitcointalk.org/index.php?topic=2851719.0;all

AUTHOR ARTICLES:

Bitcointalk username: ltymub

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2247659

Telegram username: @lica2017