This interview is part of our new Blockchain In Cybersecurity series, where we interview the world's leading thought leaders on the front lines of the intersections between blockchain and cybersecurity.
In this interview we speak with Evgen Verzun, founder of HyperSphere, to understand how his company is using blockchain to transform the cybersecurity business, and what the future of the industry holds.
1. What’s the story behind HyperSphere and StealthMail? Why and how did you begin?
EV: We started cooperation with StealthMail at the time when HyperSpere has been working on its SDNP protocol. StealthMail was looking for more solid solutions to secure transferred data than the existing communication protocols. The main concern of the customers of StealthMail was the lack of control over their data in the public cloud while moving from on-premises solutions into clouds. StealthMail could not create these features in the framework of the existing communication protocols, so HyperSphere offered SDNP, its patented communication protocol with military-grade hyper-security (Secure Dynamic Network & Protocol), as a platform for building the email solution of a new generation.
2. Please describe your use case and how your company uses blockchain:
EV: Within StealthMail, blockchain helps to secure data, preventing any manipulations with content of the e-mail. It is also used for the electronic signature, which can be applied to encrypt the documents, sent in the attachments and the text of the email. Such enhanced cybersecurity is possible due to HyperSphere’s advanced multi-tree DyDAG, which described in details in our Whitepaper. Unlike the classic blockchain that has shown some inefficiencies such as high demands to hard drive capacity, operating with energy inefficient mining system, DyDAG blockchains are personalized and multi-tree, limiting blockchain length, reducing storage demands, and accelerating transaction rates. Beyond these benefits, DyDAG blockchain is robust, ensuring tamper-proof consensus for transaction validation. So, the architecture of HyperSphere’s blockchain allow process tasks really fast and avoid huge network synchronization issues, thus, data transferrin is faster as well as prevention and elimination of data breaches. That is why HyperSphere’s DyDAG blockchain can be efficient in securing data in the areas, where data transmission is fast and time to prevent data leaks is crucial, such as IoT or digital banking.
3. Could you share a specific customer/user that benefits from what you offer? What has your service done for them?
EV: In case of StealthMail, it can offer its customers the cyber secure features that no other e-mail has, such as confidential communication channel, suspicious user behavior detection, the possibility to withdraw the email, encryption keys and others.
Moreover, our current milestone (completion is expected in 2021) is to build a secure decentralized cloud based on HyperSphere’s advanced blockchain (DyDAG), using which customers can securely share digital resources and data. HyperSphere enables the convergence and adoption of emerging technologies, eliminating all the security threats. For its customers, HypeSphere provides the possibility to build secure and privacy compliant apps and services within the platform. A customer of HyperSphere, gets all-in-one digital space, secured by SDNP protocol, for a range of tasks, including:
- Sensitive data management
- Running financial transactions
- Keeping digital assets in unhackable storage
- Ensuring compliance with GDPR, HIPAA, FINRA, SOX, etc.
- Possibility to launch/make your service secure
- Renting out extra computing resources, if necessary (for complex data processing, etc.)
4. What other blockchain use cases in cybersecurity are you excited about?
EV: One of our key cybersecurity use cases using blockchain is providing financial transactions security and prevent financial fraud online. All businesses that deal with great number of payments, like big retail companies that need to securely collect, store and process various types of data, banks and fintech projects with the need to launch secure transactions can create their secure payment apps or digital wallets on HyperSphere to ensure strong customer authentication and prevent fraud. We fix such complex issue as financial fraud via private chains of the HyperSphere’s blockchain. Unlike the global communal single-chain blockchain used in conventional cryptocurrency, the various trees in the HyperSphere’s DyDAG blockchains are ‘individual’, with each blockchain having personal or enterprise ownership through an identity-trust-chain. Using private chains, banks, for instance, would be able to track credit status of each person privately and securely via hashes of each client. Same scheme may significantly simplify identification procedure in different banks. If person is verified in one bank — it is able to share his HyperID and record in his bank verified users blockchain.
5. Where will HyperSphere be in 5 years?
EV: I believe that HyperSphere will significantly reduce the number of cybercrime, helping businesses to streamline the costs they spend on preventing data leakage into more lucrative activities. Our team anticipates that by 2023, our blockchain will be used in a great number of IoT and FinTech use cases all over the world. We hope that our cybersecurity technologies will impact digital economy growth by offering businesses secure communications, secure digital storage, which will enable digital trust ecosystem where businesses will be able to launch their own applications, without a fear of losing valuable data or digital resources.