We talk to NuGenesis about its freakish obsession with crashing and hacking their own blockchains, using the best blackhats in the business. In the light of the recent hacks continuing to plague Defi, its an opportunity to review the developments in security.
With the internet of things (‘IOT’), supply-chain and NFT serialisation of physical items using physical unclonable functions (‘PUFs’), being a digital fingerprint hardware that service as a unique identifier of the devices, there is exponential increases in the interaction of data through an increasing number of data points. Individuals have little or no control over the storage and the access to their information. in the era of cloud computing and networking systems where many users share the same physical storage or network. Application developers migrate their storage and computations to the clouds and require the data privacy to be granted. Moreover, IoT, healthcare, smart grids, and several other popular networking applications need to process and store a massively large amount of data, generally using cloud computing.
NuGenesis uses networks combining private and public networks in a blockchain system that separates the sensitivity of the data for client needs and consequently uses a vast variety of authentication systems, privacy services, providence services and integrity assurance services. “The proper integration for these services in blockchain technologies”, says CEO Hussein Faraj,