The Security Bridge between
the Blockchain Community and
Traditional Cloud Services

Spin509 adopts Blockchain technology to protect organizations
and individuals against Data Leak and Data Loss in the cloud

PROBLEMS

PROBLEMS

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:

  • In the recent Equifax data breach, hackers stole half of the US population's Social Security numbers due to weak administrator passwords.
  • Complicated passwords are becoming a problem. On average, a typical user recovers their password every 3-6 months, which is time consuming and a hassle.
  • Phishing malware. Cybercriminals are constantly improving their phishing techniques to obtain passwords, and the amount of targeted phishing campaigns are increasing every day.

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.

SOLUTION

SOLUTION

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 many others. Here we are going to use a hybrid blockchain model with private and public blockchains, both Ethereum based.

In terms of x.509 certificates there are 2 very well known PKI problems and we are going to provide unique solutions here:

  1. User identity. Sometimes it’s not easy to identify a user and it requires strong procedures that are not user-friendly. Our solution uses the leading Cloud Service Providers like Google, Microsoft, SalesForce, Facebook, etc. as a user identity source so it issues a X.509 certificate based on the user profile we get from these cloud services that makes this process hassle-free, user-friendly and trusted.
  2. Root certificate security. Our solution uses Blockchain instead of root certificate where we store checksum of a new certificate in the blockchain and when a user wants to login, the X.509 certificate is applied a checksum and this digest is compared to the record in the blockchain. If valid you can login, otherwise access is denied. In that case blockchain helps us to identify valid certificates and prevent the creation of fake certificates.

Both solutions are unique on the market and make our company different from the competitors who provide traditional X.509 certificate using a centralized architecture.

WHY Spin509?

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.

WHY BLOCKCHAIN?

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.

BUSINESS MODEL

  • Create a new X.509 certificate for 12 months Price: 0.002 BTC or 30 SPIN tokens*.
  • Renew a certificate for another 12 months Price: 0.002 BTC or 30 SPIN tokens*.
  • Revoke a certificate Price: 0.002 BTC or 30 SPIN tokens*.

* All prices are the subject to change.

$6
Token (30 SPIN Tokens)
$20
Bitcoin (1BTC ~ $10,000)
$24
Market (Okta, Bitium, OneLogin)

DISTRIBUTION

700,000,000 tokens will be issued.

400,000,000 tokens will be available for purchase during the token sale.

150,000,000 will be reserved for later distribution across strategic partners to develop new sales channels and support demand and supply on the market.

150,000,000 will be distributed between the team, advisers and 3rd-party vendors.
Distribution diagram
  • 60% Marketing, business development, legal, and demand generation.
  • 30% Research, development, support ,and hardware.
  • 10% Partners, advisors, bounty participants, consultants, and the team.

ROADMAP

Q2 2018
  • Blockchain Certificate Authority (BCA) platform alfa-version
  • Alpha version is available at spin509.io
  • Free trial is available for early adopters with private invitation.
Q3 2018
  • Blockchain Certificate Authority (BCA) platform alfa-version
Q4 2018
  • Blockchain Certificate Authority (BCA) platform beta-version.

ADVISORY BOARD

Japheth Dillman
Japheth Dillman Managing Partner & Founder of Block Bits Capital
Dave Mata
Dave Mata Managing Director at Block Bits Capital. Chief Product Officer at Prizm Labs. ICO Investor.
Alex Prokhorenko
Alex Prokhorenko Director of Product @Zuora, ex-Splunk, Product, Ecosystem Growth and Marketplace
Gene Libov
Gene Libov Principal Consultant, Planet 9 Security
Michael Terpin
Michael Terpin Transform Group (40 ICOs), CoinAgenda, BitAngels, Alphabit Fund, founder Marketwired

MANAGEMENT TEAM

Dmitry Dontsov
Dmitry Dontsov CEO & Founder
Arman Agaronyan
Arman Agaronyan Partner Manager
Daniel Hegedus
Daniel Hegedus Customer Success Manager
Maria Skufati
Maria Skufati Senior Marketing Manager
Nik Klymenko
Nik Klymenko CTO
Helen Yavtushenco
Helen Yavtushenco CFO
Josh Jermaine
Josh Jermaine Business Development Executive
Ravi Jagtiani
Ravi Jagtiani Sales Engineer
David Krbachian
David Krbachian Sales Engineer

R&D Team

25

Employees

13

Software Engineers

4

Sales Engineers

4

Support Engineers

2

Marketing Managers

PRESS