Cryptocurrency Technology Will Require Major New Security Measures
http://usanewsgroup.com/2017/11/17/crypto-currency-technology-will-require-major-security-measures/
Cryptocurrency Is About to Change the Way We All Make and Spend Money
Bitcoin’s price surpassed $17,000 per coin for the first time ever this month, surging past another milestone that critics believed it could ever reach. This bullish trend generally extended through the other altcoin markets too, allowing the crypto market cap to reach all-time highs.
Cryptocurrencies are revolutionizing the economy and investors are looking for ways to profit as their values soar. We have surveyed the blockchain + cryptocurrency landscape and found a smart play on this explosive market.
Bitcoin and Ethereum are both skyrocketing as the market goes ballistic. This event signals the rise of the cryptocurrency that has been emerging for several years.
Bitcoin alone surpassed the $17,000 per coin mark bringing the total market capitalization of cryptocurrencies to nearly $500 billion. [1]
With this kind of growth, investors are asking, what are the strategic points to enter this impressive new market?
The rise of cryptocurrencies is also driving the value suppliers to and developers of the blockchain and cryptocurrency backbone – the infrastructure – with everything from computing power and chips to highly advanced security and alternate coin (“altcoin”) platforms.
Our research reveals a new company that has just joined in the market through acquisition of existing cyber security company – and it’s perfectly positioned to capitalize on companies across the entire space based on the need for cybersecurity in blockchain technology.
Big Wind Capital Inc. (TSX: BWC) (OTC: BGGWF) has joined Hill Top Security Inc.** to introduce major blockchain advancements in security and cryptocurrency. Together, the pair promises some powerful new offerings in the red hot cryptocurrency space.
We see Big Wind Capital as a ground floor provider to an industry that’s about to change the face of the payment and currency systems worldwide.
Whether you are invested in bitcoin, Ethereum or just stepping into the cryptocurrency market, this could become one of the best opportunities as the new crypto markets take flight.
** Hill Top recently signed a letter of intent with Big Wind, pursuant to which Big Wind intends to acquire various interests in HTSI and its assets. [2]
So Just How Do Blockchain and Cryptocurrencies work?
Even though the rise in bitcoin and other cryptocurrencies is getting mass attention, it’s hard for most investors to get excited about them without some basic understanding of the technology and its inner workings.
The concept is relatively simple, but it requires a little background.
Bitcoin is an alternate form of currency.
In order to understand Bitcoin and other cryptocurrencies, you first need to understand that it runs on what is known as blockchain technology.
Described simply, blockchain is like a seemingly endless Excel sheet where you can store vast amounts of data. However, unlike Excel, you cannot change or delete any of these records.
The blockchain is decentralized, which means that no single entity is in charge. If something needs to be added, you have to consult with different users, resulting in an open consensus for each and every transaction.
Lastly, everything that takes place in the blockchain is encrypted to make it secure.
So blockchain is not a Bitcoin-centric technology, but Bitcoin is completely reliant on blockchain technology.
You earn Bitcoins by mining – the process of solving computational puzzles – or now, by working for them or receiving them as a form of payment.
Bitcoin is just one of thousands of cryptocurrencies that are now emerging. Each has their own particular features.
You Can’t Buy into Bitcoin or Ethereum for pennies, but You Can Participate in Blockchain Providers for Pennies per Share. See Our Recommendation.
Cryptocurrency and Blockchain Technology Are Taking Off
Just a year ago Bitcoin was trading for just $770 a coin, meaning that its yearly gains are already over 2,000% in 2017.
To frame it simply, investors who bought in then and held until now have seen a payday of 20 times their original investment – in just under a year!
And with a market capitalization of $280 billion, Bitcoin is now on par with some of the world’s biggest companies. Indeed, some analysts are predicting that it could double, or even triple from this point.
The rest of the cryptocurrencies are also rocketing upward. [3]
As the blockchain and cryptocurrency space explodes, it will assuredly produce several profit areas for companies supporting the technology. That means significant returns for firms providing the core business of mining, transacting and securing cryptocurrencies.
We see Big Wind Capital as one of the early provider companies that is in a critical area with solutions that meet the specialized needs of the blockchain participants.
A Question of Security
Cryptocurrencies are based upon blockchain technology, so they are governed by encryption technology. That adds certain vulnerability to cryptocurrencies, and creates a significant opportunity in the new digital currency space for cyber security.
Computer hacking and theft continue to be impediments to widespread acceptance. These issues have continued to rise in tandem with the popularity of cryptocurrencies.
In July 2017, one of the five largest Bitcoin and Ethereum exchanges was hacked, resulting in the theft of user information, as well as hundreds of millions of Korean Won.
Corby Marshall, chief executive officer of Hill Top Security, the Big Wind Capital lead explains, “The potential of Bitcoin and other cryptocurrencies is vast, however, it is becoming constrained by cybercrime, as well as missing passwords, which can render coins irretrievable.”
“In fact, as many as 3.79 million Bitcoins are estimated as lost forever — that’s nearly 23 per cent of all Bitcoins in circulation, which is close to $30-billion [U.S.] at current market value,” Marshall says. [4]
This is the blockchain segment that Big Wind Capital with Hill Top Security are addressing by offering patented new military grade solutions supported by world class management.
Big Wind Capital Joins Hill Top Security Inc. to Create a Major Force
Big Wind Capital Inc. is an emerging company capitalizing on the opportunity to enter the blockchain and cryptocurrency sector.
In a co-venture with Hill Top Security Inc., Big Wind has struck sales and product development partnership agreements with GuardSight, a specialist in Managed Security Services and Tactical Cyber Security Operations.
GuardSight has a customer base of Fortune 1000 companies and will act as a distributor and services partner for the new military-grade cyber security platform.
The result will be a patented, military-grade, cybersecurity platform supported by a high-profile team of former US military security experts. It will also provide an advanced-stage, cryptocurrency product.
As the high-profile hacks of bitcoin exchanges have shown, security is a major concern for the financial community. There is also an urgent need to develop international standards.
As experts in the field of security, and in the run-up to the launch of their own cryptocurrency offering, Big Wind Inc., together with Hill Top, will be working with one of the foremost standards-focused organizations in the industry.
The team will collaborate with the FIX Trading Community to develop standards for cryptocurrency, particularly related to security.
FIX is an independent, industry-driven standards body at the heart of global trading. The organization is comprised of the world’s leading financial institutions and is focused on addressing business and regulatory issues impacting multi-asset trading in global markets.
Big Wind and Hill Top will be forwarding one of the world’s first and only solutions compliant with FIPS-FIAR –a rigorous financial transaction and compliance standard required by the Department of Defense.
The company has just put together its collaborative platform and has not yet launched its cryptocurrency.
Major New Patents Filed
Missing passwords and theft have become some of the biggest issues plaguing the cryptocurrency industry, with more than 35 major reported hacks of bitcoin exchanges alone since 2011, leading to the theft of over 980,000 bitcoins.
It is believed that as much as 23 per cent of Bitcoins mined to date are estimated lost forever (approximately $30-billion at current market value).
Big Wind Capital through Hill Top Security has filed a patent for a biometric security application designed to protect bitcoin and other cryptocurrencies from theft and loss.
This biometric cryptocurrency application helps solve this issue by adding a new, high level of personalized security for cryptocurrency users worldwide.
The patent filing covers UxToken: biometric-enabled, GPS trackable cryptocurrency private key safe storage.
The new application was developed by Hill Top’s in-house team made up of former U.S. military officers and personnel.
Adding World Renowned Talent to Cyber Security
For a company to succeed in the security side of the blockchain business requires high caliber management. Blockchain security is complex and constantly advancing.
Big Wind Capital and Hill Top Security are right on track there. In a tactful move, the two have announced the appointment of famed hacker Pete Herzog to their team.
Pete Herzog is one of the world’s foremost thought-leaders in the field and a major force in the cybersecurity and blockchain industries. [5] He is attributed with numerous major breakthroughs including:
Co-founded non-profit security research organization – the Institute for Security and Open Methodologies (ISECOM).
Premiered “Intentification” – a process of determining intent as a means of identifying something as malicious before an attack can occur.
Created the first security testing methodology ever published, which is known as the Open Source Security Testing Methodology Manual (OSSTMM) and provided it for free to the public.
Co-created the Open Source Cybersecurity Playbook to help small and medium-sized companies build better security with this well-designed, easy-to-understand how-to manual.
Pete Herzog has also authored and co-authored books, manuals and articles to help small and medium-sized businesses create better security.
The addition of Pete Herzog, along with the established Hill Top team of former US military security specialists puts Big Wind Capital on the leading edge of cyber security.
FEATURE STOCK: FOR COMPARISON
Big Wind Capital Inc.
Market Cap: $32.9 Million
Big Wind Capital Inc. is an emerging company advancing a cyber security platform for small-to-medium-sized businesses (SMB), comprising blockchain event validation, cyber tagging, incident response and rapid restoration. In a co-venture with Hill Top Security Inc., Big Wind has struck sales and product development partnership agreements with GuardSight, a specialist in Managed Security Services and Tactical Cyber Security Operations.
Recent News: Hill Top Security Partners With GuardSight; Enhances Military-grade, Cyber Security Offering
Blockchain and Cryptocurrency Winners: Too Late for Early Gains, But Great to Study
We compare some of the major companies that are responsible for developing and deploying the infrastructure and underlying support of blockchain and crypto technology. These are large, established companies that are well funded. For advocates of bitcoin and the other cryptocurrencies surging in value, the gold may be in the shares of these companies that produce the computer processors and chips used to create the digital currencies in the process that’s become known as mining, along with the providers of support to blockchain technology. These could also be partners to or users of Hill Top Security’s technology, or even Big Wind Capital as a meaningful target for acquisition.
NVDIA Corporation
NASDAQ: NVDA
Market Cap: $133.72 Billion
NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The company’s products are used in gaming, professional visualization, datacenter, and automotive markets.
Recent News: Nvidia and construction giant Komatsu partner on AI for job site safety
Advance Micro Devices
NASDAQ: AMD
Market Cap: $9.76 Billion
Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. Its primarily offers x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs), and professional graphics; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.
Recent News: AMD Wins Another Cloud Provider With Baidu ABC Services
Microsoft Corporation
NASDAQ: MSFT
Market Cap: $654.54 Billion
MSFT, the 40-year-old enterprise software company, is a big booster of open source and it may be the best and most low-risk bitcoin entry point. Microsoft is building Blockchain as a Service on its Azure cloud, the biggest rival to Amazon in hosting cloud applications. MSFT also has a framework for enterprise blockchain networks, dubbed Coco.
Recent News: Microsoft unveils new Bing search features Google doesn’t have
Micron Technology
NASDAQ: MU
Market Cap: $49 Billion
Micron Technology, Inc. provides semiconductor systems worldwide. The company operates through four segments: Compute and Networking Business Unit, Storage Business Unit, Mobile Business Unit, and Embedded Business Unit. The company was founded in 1978 and is headquartered in Boise, Idaho.
Recent News: Micron’s DRAM, NAND Trends Look Good in 2018, Says MKM
Our Recommendation: We Give BWC Our Top BUY Rating
Our research reveals that Big Wind Capital (TSX: BWC) (OTC: BGGWF), is providing a side door for entry into the supercharged blockchain and crypto space by providing new security technology perfect for these markets.
We believe that Big Wind Capital is poised to ride the crypto wave. Its interest in Hill Top Security brings:
Military-grade cybersecurity platform, originally developed for government and big business, now being made available to the SMB sector
One of the world’s first and only solutions compliant with FIPS-FIAR – a rigorous financial transaction and compliance standard required by the Department of Defense
New product development incorporates blockchain technology to provide enhanced security for industry-specific cryptocurrency applications
The platform has been developed by a team of security experts with substantial military and commercial experience, including the US Army, Marine Corps and Wall Street
The company currently holds a Top-Secret clearance based on the work it currently carries out for the government
Patent application of a new biometric cryptocurrency security app, which will provide biometric protection of cryptocurrencies, in particular with off-line storage and the recovery of lost passwords
Big Wind Capital with Hill Top Security is introducing a new array of cyber security offerings geared for blockchain technology. The team has already filed patents for the new military grade security platform.
Timing is an important element in this scenario.
The early adopters and investors always make the biggest gains, and by the time a story goes mainstream, such as Bitcoin and the rise of cryptocurrency, it’s usually too big to keep expanding at the rate it did in the early stages.
In other words, for really big gains, the real gold may lay within the providers to the blockchain infrastructure and those that facilitate its growth.
Big Wind Capital and Hill Top Security have certainly positioned themselves in a smart segment: cyber security for blockchain.
Based on the current run up in the bitcoin and cryptocurrency prices, it appears that the needs for security improvements and international market standards may be even greater than anticipated. They may also be needed much sooner than anyone had ever imagined.
It is certainly timely to consider Big Wind Capital now, in light of the market’s hunger for blockchain and cryptocurrency. This could be a case of a small company making a fortune along the way by selling picks and shovels to the new gold rush.
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