PolySwarm

What is PolySwarm?

PolySwarm is a decentralized threat intelligence market leveraging Ethereum smart contracts and blockchain technology. In the realm of anti-virus and automated cyber threat intelligence, valued at $8.5 billion annually, PolySwarm introduces precise economic incentives through Ethereum-based Nectar ("NCT") utility tokens to encourage timely and accurate threat intelligence reporting. The platform establishes a real-time threat detection ecosystem, engaging enterprises, consumers, vendors, and geographically-diverse security experts.

Reinventing the Threat Intelligence Market

PolySwarm aims to revolutionize the existing threat intelligence market by lowering entry barriers, providing broader coverage options, discouraging duplicative efforts, and ensuring interoperability among products and threat intelligence feeds. The project functions as a skill-required prediction market, employing thousands of micro-engines to investigate malware evolution at machine speed, eliminating the need for human intervention.

PolySwarm promises next-generation malware intelligence, offering early threat detection, unique samples, higher accuracy, PolyScore threat scoring for SOC automation, and unrivaled threat hunting. The platform boasts a robust network of threat detection engines, including specialized engines authored by independent researchers and security teams, providing coverage against emerging and rare threats.

The Participants

PolySwarm's participant classes include End Users, Security Experts, Ambassadors, and Arbiters.

End Users:

• Participate in the market through Bounties and Offers.
• Engage with PolySwarm to extract timely and accurate malintent classifications.

Security Experts:

• Develop competing micro-engines.
• Commit to "Assertions," public statements reflecting analysis results on the malintent of Artifacts.

Ambassadors:

• Companies facilitating end-user engagement with PolySwarm.
• Distill expert assertions into simple verdicts for their clients.
• Collect traditional fiat and suspect Artifacts from clients.

Arbiters:

• Top Ambassadors responsible for determining ground truth regarding malintent.
• A certain percentage of Ambassadors are designated as Arbiters.
• Maintain top-echelon Ambassador volumes to retain Arbiter status.

Performance-Based Rewards to Improve Accuracy

PolySwarm's blockchain-powered backend rewards researchers with Nectar tokens based on the accuracy of threat reports. The proprietary PolyScore algorithm rates the probability of malware presence, enabling faster and more accurate decision-making, reducing incident response escalations, and saving time and money for Managed Detection and Response (MDR) efforts.

Additional Features

PolySwarm offers additional features such as custom geotargeted PolyFeeds, flexible metadata searches, unlimited YARA rulesets, private communities for enhanced security, and dedicated customer support. The platform caters to various use cases, including investigation and incident response, malware feeds, data enrichment, SOC, and security automation.

Team Background

The PolySwarm Team consists of experienced InfoSec professionals with decades of expertise in both government and industry. Motivated by a shared commitment to enhance the threat intelligence landscape, the team aims to bring about a paradigm shift in the field. PolySwarm's innovative approach involves providing strong incentives that align participants' interests with ongoing innovation, challenging the status quo of existing threat intelligence offerings.

All founders and co-founders of PolySwarm are affiliated with Narf Industries, LLC, a boutique information security firm specializing in tailored solutions for government and large enterprises. Operating on the forefront of InfoSec, blockchain, and cryptographic research, Narf Industries recently completed notable projects for the Department of Homeland Security (DHS) and DARPA.

Key members of the PolySwarm Team include CEO and Founder Steve Bassi, CSO and Co-Founder Ben Schmidt, COO and Co-Founder Nick Davis, and Chief Strategy Officer Steve Laskowski.

Partners

PolySwarm collaborates with threat marketplace suppliers, offering shared access to global threat intelligence data to enhance their security products. In return, suppliers earn NCT token rewards for accurate threat detection. The marketplace comprises both large and small threat intelligence companies globally. Additionally, PolySwarm collaborates with individual security experts, transforming their threat detection techniques into new marketplace detection engines. Representative Suppliers: Malwation, Alibaba, Blue Hexagon, Hatching, CrowdStrike, Proton, Kaspersky...

The platform extends its partnerships to threat intelligence providers (TIPs), integrating marketplace intelligence into their services. These integrations facilitate easy access for global enterprise and security consumers, making TIPs essential industry partners for aggregating diverse cybersecurity expertise to benefit the broader security community. Intergrators: Anomali, Cyware, Splunk, ThreatConnect, Censornet...

PolySwarm Price Analysis

As of November 24 2024 PolySwarm has a marketcap of $44M. This is {{percentagefromath}} from its all time high of $0.171845. In terms of its tokenomics, there's a total supply of 1.9B with 100% currently outstanding. Keep in mind PolySwarm has a fully diluted value of $44M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.