The era of password protection is over. Traditional password protection no longer guarantees your privacy because traditional centralized security infrastructure is getting less secure every year due to hackers finding more sophisticated ways to break through to your data.
Here are a few examples:
According to the Gartner Magic Quadrant for Enterprise Data Loss Prevention report, the need to protect corporate data is becoming increasingly important. By 2020, 85% of organizations will implement at least one form of integrated DLP-system.
As a new wave cybersecurity company that always goes in step with the newest technology trends and market needs for a greater security of data, Spin509 is planning to implement the Blockchain powered Certificates Authority service based on secure X.509 certificates and Blockchain nodes to help 3rd-party providers implement Blockchain powered Single Sign-On technology (BSSO) for Cloud Services such as G Suite, Office 365, Salesforce, and others.
In our opinion, this is the most secure data leak protection that provides a password-free access to your critical SaaS data based on decentralized architecture through a secure certificate that can be easily installed on any device, with a high level of protection of the certificate itself at all stages.
Spin509 is a SaaS data protection solutions provider. We provide secure X.509 certificates for 3rd-party solution providers to help them protect their end customers against data leak and data loss in the cloud. Our wide experience in cybersecurity and proven business model make us well positioned to protect organizations of all sizes against Data Leak and Data Loss in the Cloud that mostly come from insider threats and human error.
Total Market Size - 2B users
Total Addressable Market = 100M potential paying users.
Total certificate usage on the market - 100M certificates each year
The decentralized architecture of the Blockchain technology combined with the use of Smart contracts provides the best solution for managing transactions through the use of a decentralized common database that does not involve third parties. Additionally, networks of independent entities and complex cryptography's for communication prevent the possibility of falsifying data on transactions that are public by nature and completely open to users. This is what makes blockchain the best framework for data security. With that being said, Blockchain will be used for the following reason:
To help us identify valid certificates and prevent the creation of fake certificates which means to protect user accounts against unauthorised access and data leak disasters.
The initial price of 1 SPIN Token is $1.00 USD and it will be offered at a discount for early buyers. Large customers will be able to get an additional discount as well.
1 SPIN token grants you the right to buy 1 “X.509 certificate”. SPIN token can be used to buy a new X.509 certificate from the Spin509 company or renew an existing one for another year. Each X.509 certificate is valid for 12 months. Once the certificate is expired it has to be renewed for another year.