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ICO Review

Distributed Cybersecurity for IoT

                                

 

TOKEN: MNVM

COUNTRY: USA

WHITELIST/KYC: KYC & Whitelist

Novam ICO Overview:

The proof of concept of NOVAM is indeed a coherent and understandable one. The chances of someone or something discovering vulnerabilities, stealing private data and doing damage to organizations and individuals are higher than ever. Exploiting known vulnerabilities, social engineering, and using data to cause damage to reputations, finances, and operations have become an industry of its own rife with methodical experts. NOVAM wants to become the standard distributed ledger for cybersecurity threat detection, device mitigation, and compliance. No one has ever created an enterprise-ready solution designed to assist identity management, verification, cyber controls and self-healing systems that automatically counteract cyber threats while assisting security teams. This preopelled them to utilize an exceptional opportunity in distributed cybersecurity and distributed ledger technology.

Novam ICO Value Proposition:

There is a clear value proposition for all groups to participate. NOVAM is the first Artificial Intelligence driven cybersecurity program utilizing DLT to increase the accuracy of its health check. Using machine learning and probabilistic mathematics, they plan to offer a security system that is ever-alert, always present and device agnostic. NOVAM uses distributed ledger technology and AI to automatically monitor and mitigate IoT threats from the secure boot chain, operating system, mobile application, and network. NOVAM protects businesses, organizations, and people with a self-healing platform that’s designed to increase tolerance as needed.

Novam ICO Team:

The founders Adam Perschke and Ian Perschke have relevant experience in the world of cybersecurity. Lately, they improvised to integrate Distributed Ledger Technology in Artificial Technology to mimic the human immune system. With their past endeavors being in combating and providing solutions against cyber crimes, they will be able to bring forth the essential aspect of NOVAM clearly amongst the enterprises, companies, and peoples.

Advisor:

Currently, they have enlisted one advisor for the project. It is expected that more advisors will be onboarded. Christian Schnedler is a technologist, entrepreneur, and angel investor with 10+ years’ experience in spearheading new ventures, designing complex analytic systems. He excels at leading small teams to design and deliver transformative solutions. The current advisor does not have any relevant experience in the blockchain ecosystem.

Novam ICO Technology

FEASIBILITY:

The concept of NOVAM is the need of an hour. It is the only solution available in terms of cybersecurity utilizing DLT. As shifts in the digital landscape continue exposure to new kinds of threats, NOVAM protects businesses, organizations, and people with a self-healing platform that’s designed to increase tolerance as required. NOVAM is designed to identify, monitor, alert and in some cases initiate an immune system response that automatically mitigates, removes, replaces or quarantines that threaten the network when it is undergoing a splitting attack. The adaptability of the NOVAM platform makes it desirable. NOVAM monitors entire networks, infrastructures and end points to establish full seamless views of global communications and threats. Unless NOVAM was implemented from inception, it is assumed that users, devices, and networks have already been compromised and initiate tailored action plans immediately. Whether you’re a blue chip, a startup on the rise or somewhere in between, NOVAM is the immune system no business should live without.

DECENTRALIZED:

There is definite roadmap to be adhered to, till the year 2020. NOVAM looks to integrate DLT with artificial intelligence to provide a platform that will be truly decentralized to help monitor endpoint device threats that target consumers and enterprise. NOVAM mitigates sophisticated cyber attacks aimed at enterprise networks and connected devices, as well as unintentional incidents on varying IoT Devices.

INNOVATION:

The product is innovative, first of its kinds that is designed to identify, monitor, alert and in some cases initiate an immune system response that automatically mitigates, removes, replaces or quarantines that threaten the network. NOVAM leverages biomimicry concepts by marrying artificial intelligence and distributed ledger technology to mimic the human immune system. With a goal to protect IoT devices in connected environments with connectivity, security, scalability, and interoperability in mind. Their focus is on threat detection and analytics for companies that have customers and want the assurance of an immutable record for auditing, compliance and investigation needs. Yes it does contributes to the blockchain ecosystem

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