Blockchain
Multichain announced 10% of its monthly transaction fees to set aside for Security Fund
On March 17, 2022, Multichain announced that a security fund for protecting users’ assets from potential risks was officially established. From March 17 onward, 10% of Multichain’s monthly transaction fee will be set aside for the security fund. On the same day, it also jointly launched a bug bounty program with Immunefi. The maximum bounties up to $2,000,000 have been set to encourage Multichain vulnerability review and disclosure.
Multichain Security Fund
Multichain has decided that from March 17 onward, 10% of Multichain’s monthly transaction fee will be set aside for the security fund. This fund is mainly used to compensate users for any potential loss caused by vulnerabilities in Multichain systems and services. When risks occur and users indeed suffer from losses, Multichain will jointly investigate the incident with a third-party security agency, to analyze and identify the causes of the loss. An analysis and compensation plan will be displayed in the Multichain community. This provision, however, does not apply to user losses caused by project partners’ systems/services, misoperations by users themselves, or risky operations by users themselves through negligence. Multichain will strictly follow the terms of the fund, to effectively protect the legitimate rights and interests of Multichain users. Click here to learn more details about Multichain Security Fund.
Bug Bounty Program up to $2M
In collaboration with Immunefi, this bug bounty program is set to encourage the community to review Multichain’s code and security. Multichain will provide considerable rewards ($500 to $2,000,000) for discovering and submitting vulnerabilities. Multichain believes it’s important to make the good guys stay motivated and make sure they know they are appreciated.
The main BBP scope includes the entire architecture of Multichain, as well as all currently deployed components, developer documents and listed assets, and smart contract addresses. Smart contracts and applications built by third-party developers on the basis of Multichain are not included in the Program’s reward scope. Click here to learn more details about the program.
Blockchain
UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System
The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.
Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.
“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”
ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.
“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”
The post UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System appeared first on News, Events, Advertising Options.
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