NOVAM – The Distributed Cybersecurity for IoT
A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, NOVAM, the first Artificial Intelligence driven cybersecurity program utilizing DLT to increase the accuracy of its health check has arrived.
“The Internet of Things (IoT) has grown by leaps and bounds in just a short amount of time. With the creation of everything from smartwatches to Internet connected washing machines, more and more appliances and electrical devices now connect in some shape or form to the Internet. These devices can do everything from boosting company’s productivity, slashing overhead and reduce energy spending within a home. The possibilities are endless with what can be done and businesses are expected to find new ways to use IoT devices over time.
However, IoT devices may provide a backdoor into a corporate network for skilled hackers and cyber criminals. The weakest link defines the strength of network security and often times this weak link lies within an Internet of Things connected device. Understanding the impact of IoT on cybersecurity should prove essential for any enterprise, as while being hacked through a security breach in a light bulb may sound humorous, it is no laughing matter when confidential information and client financial documentation leaks through this hack.”
With that being said, NOVAM monitors and automatically mitigates threats to IoT devices and provides auditing & compliance investigation for enterprise.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is NOVAM?
Novam is a security system for protecting global Internet of Things (IoT) devices in environments connected with connectivity, security, scalability and adaptability in mind. NOVAM operates on a bootloader level that connects IoT devices to the blockchain to ensure that the operating system and hardware are not interrupted. NOVAM not only finds anomalies but also fixes it to improve your technology-immune system, the Novam system will act without prior knowledge of threats, to monitor, identify, warn and start providing automatic immune system responses to delete, replace or quarantine threats.
NOVAM is the first Artificial Intelligence cybersecurity program that uses DLT to improve the accuracy of its health check. NOVAM uses distributed ledger technology and AI to automatically monitor and mitigate IoT threats from secure boot chains, operating systems, cellular and network applications. NOVAM also provides integrated audit compliance and regulations for threat monitoring and detection services to ensure system events are included in distributed ledgers that cannot be changed.
NOVAM intends to target large industries by creating partnerships with security vendors, hardware and software for compliance and unchanging investigations, integrating ledgers distributed in IoT devices and corporate networks for monitoring and mitigation services through the inspection of our health systems that waiting for a patent decision.
The market focus is divided into three different categories:
Monitor IoT devices and systems
Threats of device mitigation and IoT systems
Audit and compliance for threat monitoring platforms
In essence NOVAM will monitor and reduce cyber threats Internet-of-Things (IoT) uses a combination of distributed ledger technology (DLT), artificial intelligence (AI) and system defense techniques.
The Core Factors
A NOVAM token is used as a software license to record health checks, authenticate a chain of trust, and mitigate threats while allowing for forensic, regulatory compliance and auditing capabilities.
IoT Device Visibility
Using patent-pending technology, our software allows for unprecedented monitoring and security identification across all IoT devices and environments at any given time. Giving companies better visibility and flexibility.
NOVAM’s health checks enable users, devices and applications to verify that software packages and hardware components are uncompromised and unmodified by malware or other cyberthreats, across the entire secure boot chain and run-time on a device.
How It Works?
NOVAM is known to provide protection to endpoints and networks by monitoring and mitigating threats automatically on the global Internet of Things (IoT) devices. It also offers corporate risk management departments and security teams a forensic security investigation platform for auditing and compliance through Distributed Ledger Technology (DLT).
NOVAM’s mainly focuses on Hardware vendors, software vendors, and cybersecurity products.
The NOVAM Token is a utility software license that is known to provide access to network and platform for services that include monitoring and mitigating threats, auditing and regulatory compliance. NOVAM technology also allows for system health checks for the user, network and device authentication and verification purposes.
NOVAM makes use of distributed ledger technology along with AI to automatically monitor and mitigate IoT threats from the secure boot chain, mobile application, operating system, and network.
NOVAM is also known to provide auditing & regulatory compliance integration to threat monitoring and detection services in order to ensure system events which includes an immutable distributed ledger. NOVAM aims to become the standard distributed ledger for cybersecurity threat detection, device mitigation, and compliance.
The Novam’s 5 Step Process Device Health Check – As Follows:
Initiate a health check for a device. This can occur both in the boot process and during run-time, and include the entire Chain of Trust or an individual statistic like firmware, operating system or applications.
The state of a device is recorded on an enterprise specific CDN. This can be used as an external element for future device health checks.
Subsequent health checks compare the internal and external state of a device with NOVAM stored internal and external states, signed by the vendor, to determine if the device is healthy or compromised.
When a device is considered healthy and unmodified no mitigation occurs.
If the device is considered unhealthy and compromised, based on the system health check, autonomous mitigation will occur.
Token name: NOVAM (MNVM)
Total Token Supply: 2,000,000,000
Exchange Rate: 1 MNVM = 0.06 USD
Currencies Accepted: ETH, USD
Starts: December 10 (23:00 CT)
Ends: January 10 (23:00 CT)
Soft cap: 500,000 USD
Hard cap: 2,076,923 USD
Q3 – Ideation & Research
Q4 – Market research with IoT manufacturers
Q1 – Market research, Whitepaper creation
Q2 – R&D, Marketing prep, Advisor consultations, Legal
Q3 – Pre-Sale & Public Token Sale prep, Legal, Marketing campaign
Q4 – Build team, system health check development, bootloader development
Q1 – AI R&D, system health check private testing, additional partnerships, job openings
Q2 – NOVAM TestNet, AI network development, system health check TestNet private partner testing, job openings
Q3 – API build out, Analytics platform build starts
Q4 – Analytics platform and API testing with NOVAM TestNet
Q1 – AI network NOVAM TestNet, beta health check TestNet
Q2 – Rapid expansion to new markets
Q3 – AI Productization, Health Check Productization
Q4 – Marketing increase for new partnerships and clients
Meet The Amazing Team
Adam Perschke: Chief Executive Officer
Ian Perschke: Head Enterprise Architect
Brooks McMillin: Head of Security Operations
Ty Bartholomew: Head of Marketing
Christian Schnedler: Advisor
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Announcement Channel: https://t.me/NOVAMannoucements
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.