Naoris Protocol, the Decentralized CyberSecurity Mesh, has revealed that it has raised a total of $31 million in funding. With this round of funding, BPMT Trading Ltd and Holdun Family Office have raised their share of the contributions to the cybersecurity startup to $22 million. With this new investment, the world’s first decentralized cybersecurity solution will be able to grow and take on the enormous challenge of modern cybersecurity.
How Naoris Protocol is revolutionizing cybersecurity
Naoris Protocol is a game-changer for cybersecurity since it can eliminate cyber threats nearly instantaneously. While existing centralized models take on average 287 days to detect a data breach and 80 days to contain it, this one has a blocktime of less than a second. The utility blockchain’s design makes it widely accessible, with a high throughput and a low fee.
Users can range from regular people who just want to try out the dApp to global critical and regulated organizations that need to integrate a unique collection of devices into their networks safely.
Naoris Protocol has built-in safeguards to ensure that your data is of high quality and that your devices are compliant. This is because the blockchain verifiably records the credibility of the data generator’s environment at the time of data transfer. The protocol relies on a distributed Swarm AI and a revolutionary, non-competing blockchain consensus called dPoSec. The system generates a self-repairing network that is specifically tailored to deal with the antiquated framework that powers the current systems.
By 2025, experts estimate that the total cost of cyber breaches around the world would reach $10 trillion. Because of its cryptographic properties, the Blockchain is secure, unchangeable, encrypted, and decentralized. Companies, infrastructure, and procedures can greatly benefit from this solution since it operates at a new, non-competing layer—a decentralized layer in the defense in depth. Therefore, given Naoris Protocol’s features, it’s likely that trading platforms will adopt and deploy it.