MYSHIELD- THE DECENTRALIZED ANTI-SCAM SOLUTION
The digital space ever since its creation has been met with cyber threats and attacks which have turned into a drag to companies and enterprises operating on this budding digital space. Cyber attacks have evolved over time despite checks to curtail its threat to the digital space. Users ranging from individual users, organizations, to small and medium-sized businesses following the unprecedented sophistication of cyber attacks, are exposed to numerous cyber threats with inadequate protection, often resulting in the compromisation of sensitive data.
Moreover, most security solutions for cyber attacks are dedicated towards the protection of large corporations and their IT infrastructure, leaving the average internet user and small to medium-sized e-commerce platforms vulnerable to a number of cyber crimes. These cyber crimes include phishing and online counterfeit sales and other types of scams that have become a tool for cyber attacks in the ever-evolving digital space. Fraudulent activities have become a challenge to all online industries, and the cryptocurrency industry is worst hit given its decentralized nature which employs a distributed ledger system which has no centralized format of governance or regulations. Oftentimes, effected transaction- whether legitimate or fraudulent are irreversible and often anonymous, making it difficult if not impossible to apprehend cyber criminals.
Basically, for current end-user of the Internet, the only form of cybersecurity are anti-virus and anti-spam measures which makes Myshield instrumental as a cyber fraud protection solution for individual end-users and online consumers who are unguarded against these digital scams that are on the increase.
MyShield is a decentralized anti-scam platform which utilizes blockchain technology in the protection of internet users and e-commerce platform from numerous cyber threats like phishing, counterfeits, and frauds just to mention a few. MyShield alerts users upon reaching a fraudulent website, an online false sale, and other types of existing online frauds dedicated to bringing trust and confidence in the cryptocurrency industry thereby encouraging more users to invest in the cryptocurrency market. The Myshield project is designed to make the online digital space safe for transactions while alerting users to online scams such as phishing, fraud, counterfeits and other digital scams.
As a decentralized platform, Myshield will depend on data based on two sources of data stored on the blockchain which include reports of potential scams made by users, and AI-powered cyber intelligence providers.
The MyShield ecosystem will consist of the MyShield application, MyShield blockchain (which will be launched on an existing blockchain), AI-powered Cyber Intelligence Providers, Enforcement services Providers, Guarantee providers, MyShield bounties, and the MyShield Trust Stamp.
This application will possess three(3) main distinguishing features which are the alerts against scam feature, the crypto-transaction validation feature, and the reporting scam feature.
The alerts against scam on the Myshield application will alert users upon reaching a fraudulent online item in the form of websites, social media post, marketplace listings, and so on trying to act fraudulently on the users.
Crypto-transaction validation will perform the validation features on the Myshield application when the user intends to perform a cryptocurrency transaction. It carries out a validation process by alerting a user when the wallet to which the transaction is about being made does not correlate with the validated wallet of the website.
The Reporting scam feature will permit users to report items in form of websites social media they perceive or suspect as a scam which includes fraud, phishing, counterfeit sales and so on. Also, the users are allowed to give positive feedback on websites social media post or a marketplace listing which they believe could be trusted and viewed by the public.
The Myshield bounties are created for users on the Myshield platform to report potential scams by giving incentives and rewards. The bounties would be given using the Myshield token. These bounties could be in the general bounty, brand bounty, and a community bounty.
The Myshield trust stamp is proposed to function as a validation stamp that will certify online items that include The MyShield Trusted Wallet Stamp. With the application of the stamp, users would be able to tell when they are on a phishing or a genuine Web page. This is done using AI-powered cyber intelligence.
Just like the Myshield trust stamp the Myshield trusted wallet stamp will be given to validated entity like the websites, sellers on marketplaces, social media accounts. The trusted wallet stamp gives an additional level of verification on the cryptocurrency wallet owners making sure they are real owners.
The Myshield application is intended to be offered in different forms such as a mobile application, desktop application, browser extension and many others. As time goes on, the Myshield project will cover the whole of the e-commerce and online ecosystem, returning confidence to users globally.
The Myshield platform will weigh in on the wholesome technology used by BrandShield used in monitoring the digital space for threats and attacks currently provided for top brands against online scams.
The native cryptocurrency within the MyShield ecosystem will be the MyShield token with the ticker MSLD. The MyShield token will have numerous uses within the ecosystem, some of its uses are shown below:
The MyShield token is being offered to the public to purchase and it has a total limited supply of 1 000 000 000 of which 40% will be offered for sale during the token sale exercise. The breakdown of the token allocation and the projected use of funds realized from the token sale exercise is shown below is shown below:
The MyShield team is made up of seasoned experts with decades of experience in their various areas of specialization ranging from cybersecurity, financial marketing, information systems, to marketing management. A brief of their various profiles is shown below:
The team has as advisors, security experts, investors, entrepreneurs, and strategists with a track record of success and influence across various aspects of security and project management.
A revolutionary solution proffered to the numerous fraudulent activities on the internet that place the individual internet user and e-commerce platforms at a significant disadvantage, the MyShield project restores the confidence of internet users while facilitating the rapid growth of the cryptocurrency market.
The technology for the MyShield project was created based on the resources obtained from BrandShield- a company that has been in existence since 2013, offering online brand protection, anti-counterfeiting, and anti-fraud services to numerous reputable clients.
To find out more about MyShield, or to become a member of the community, use any of the following links:
WEBSITE: https://www.myshield.com/
BCT ANN: https://bitcointalk.org/index.php?topic=3179901.msg32931789#msg32931789
AUTHOR'S BTT LINK: https://bitcointalk.org/index.php?action=profile;u=1416347