Case study: VeChain Launches Bug Bounty Program on HackenProof
Asian blockchain giant moves towards cybersecurity
The spring started with the Asian tour: Hacken’s CEO Dmytro Budorin visited Hong Kong, Shanghai, Seoul, Dubai, and Kuala Lumpur.
On March 31, Dmytro was interviewed by Simon Cocking emphasizing that Hacken plans to expand its the presence on the Asian market.
Recently, Dmytro hinted that Hacken is about to partner with one of the top-20 coins; however, no one knew what coin he meant.
Now we are ready to reveal the details! From now on Hacken begins its official presence on the Asian market!
Let’s not drag this out! Hacken has a fantastic client established in Singapore, and you must have heard of it — VeChain!
What is VeChain?
WVeChain is a leading global enterprise level public blockchain platform. It aims to connect blockchain technology to the real world by providing a comprehensive governance structure, a robust economic model, as well as advanced IoT integration, and pioneers in real-world applications.
VeChain on HackenProof bug bounty platform
As any responsible entity, VeChain Foundation (refer to ‘the foundation’) wants to protect the users of their platform from potential damage. After all, VeChainThor blockchain is expected to conduct an innumerable number of transactions. Thus, the foundation signed an agreement to place their product on the HackenProof bug bounty platform.
HackenProof is the long-awaited product of the Hacken Ecosystem. It represents a tokenized crowdsourced vulnerability rewarding platform aimed to reinforce the cooperation between ethical hackers and businesses.
Yesterday, VeChainThor blockchain went to the alpha testing stage, and hackers from white hat community were invited to start the private bug hunting process. Vital to note that VeChain has also invited ethical hackers from their community. All the researchers have a solid background in cybersecurity, source code review, consensus protocols, p2p networks, smart contracts audit, and software development. Thus, they will provide critical insights on improvements and receive bounties for their work. VeChainThor blockchain invite-only bug bounty program is already available!
The testing of the platform is of utmost importance to VeChain, Hacken, and other companies operating on the blockchain. As a relatively new technology, blockchain has to prove that its advantages surpass any potential flaws. That is why cybersecurity is a top concern of the blockchain community.
We hope that all blockchain and IT companies will follow the example of VeChain and start taking their cybersecurity seriously. After all, it is up to us to make the web a safe and invulnerable place.
P.S. You can take part in the bug bounty program for VeChainThor platform on the HackenProof platform.
It’s a community-driven business organization, consisting of the HackenHub, HackIT cybersecurity forum, HackenProof bug bounty platform, and Crypto Exchange Ranks.