Last week, Uppsala Foundation conducted its first AMA on Reddit. Questions were collected from Reddit, Twitter, and Facebook using the hashtag #AskUppsala and were answered in real time. In the two-hour session, Uppsala Foundation welcomed two of its representatives: Brian Yang, Head of Business and Woojin Lee, Chief of Technology.
For those who might have missed it, here is a recap of the AMA that primarily focused on Uppsala Foundation’s partnerships and future plans, as well as Sentinel Protocol’s products.
During the AMA, attendees asked some questions about the recent partnerships. As everyone knows, Uppsala Foundation has recently partnered with Hacken. One of the questions was whether there would be other partnerships with other crypto security firms. Currently, the company is focused on working with its current partners. However, Uppsala Foundation remains open to discussions with anyone who has the interest and ability to defend against hacks, scams, and attempts to steal digital assets.
However, the company aims to increase the number of cybersecurity experts, also known as “the Sentinels”. The Sentinels are being recruited in two ways — first, through individual recruiting as has already been done a few months ago, and second, through active recruitment of security partnerships such as Hacken.
Other questions were about partnerships with exchanges, a few with whom Uppsala Foundation is currently in talks. While names cannot be publicly shared at this time, the company is exploring ways to make it easier for users to purchase UPP tokens directly with fiat currencies and also to increase overall liquidity. Cybersecurity products will also be provided to exchanges to boost their security, which will be discussed in the next section.
Uppsala Foundation’s Sentinel Protocol has successfully launched UPPward Chrome and Firefox extension for end users, as well as, a product for exchanges to use — the Interactive Cooperation Framework (ICF) API, which is currently in beta testing. The standard commercial version is expected to be available in early 2019.
UPPward Chrome and Firefox extensions had undergone a software update this week. UPPward v1.2 includes the following updates:
Improved the “Report Now” button on the landing page for ease of incident report submission
Added a “Safe Bar” option that can alter the screen size, display time, layout, and background color
Added a “Setting” button on the first screen
Added a “Back” button on the search result screen
Punycode Block feature
Bugfixes from the previous version
Overall, Uppsala Foundation is working closely with not just exchanges, but also with wallet service providers and payment firms by providing access to Sentinel Protocol’s decentralized Threat Reputation Database (TRDB). Exchanges will have access to visualized tracking tools for stolen coins, as well as the AI and machine learning features for blocking malicious wallet addresses and professional services.
Although machine learning for crypto address tracking is currently in development, there are plans to release this feature in the next year. Over the long term, machine learning will further strengthen the capabilities of the TRDB by learning baseline wallet behaviors to track any anomalies in the flow of crypto assets.
Other than the ICF API and machine learning features, the UPPward browser extension, now available in both Chrome and Firefox, are available to download from our website free of charge.
In the AMA, an attendee asked an excellent question asking why the EOS blockchain was chosen instead of ICON, Lisk, NEO, or Ethereum. The original plan was to run the TRDB on the ICON platform. However, due to a mismatch in the timing of Uppsala Foundation’s development plan and ICON’s platform rollout, the company decided to put the TRDB on the EOS blockchain. EOS is relatively inexpensive, quite popular, and allows a high number of transactions, therefore it is suitable for storing the TRDB. As the backbone of all of our products, the TRDB is also open source and freely available to the public. Using the EOS blockchain proved to be a smart decision — over 40,000 cases have been collected in the TRDB to date.
According to the CEO, large strides were made this year with the new UPPward browser extensions that help users secure their digital assets, and the ICF API to help companies protect their customers from losing crypto assets to hacks and scams.
Sentinel Protocol expects to keep up the pace of product releases into next year and beyond, as well as expanding to other global markets. In 2018, the focus was on Singapore, South Korea, and a few other Asian localities. Starting next year into beyond, Uppsala Foundation will venture further into other parts of the world to provide security solutions for a variety of businesses and the wider community.
With attacks becoming more and more sophisticated, the goal is to contribute more whitehat expertise to boost both crypto security and cybersecurity. It is essential to build a strong security ecosystem, and Uppsala Foundation is committed to widening its partner ecosystem. At this point, the company is working closely with security industry leaders looking to expand their capabilities for protecting the crypto community. A joint effort can reduce the motivation for hacking and that will help to contribute to a most positive and profitable experience for everyone in the crypto world.