XBLOCK SYSTEMS to Participate in KISA’s Bug Bounty Project

Jul 17, 2018

XBLOCK SYSTEMS announced that it signed an agreement with KISA (Korea Internet & Security Agency) on the 12th regarding its participation in ‘S/W New Security Hole Report Award System (bug bounty)’.
XBLOCK SYSTEMS developed multi-dimensional blockchain called ‘X Blockchain’ that is specialized in managing documents.
Bug bounty is a system that pays out rewards to people who find bugs or security holes of software. It was set up to form a safe cyber environment by taking care of security holes in advance.

Director Cho Young-joon (right) of XBLOCK SYSTEMS and Lee Dong-geun, who is the head of KISA’s Security Accident Analysis Group are taking a commemorative picture. <Director Cho Young-joon (right) of XBLOCK SYSTEMS and Lee Dong-geun, who is the head of KISA’s Security Accident Analysis Group are taking a commemorative picture.>

XBLOCK SYSTEMS has become the first blockchain-related company to participate as a co-operator of KISA’s project. Any South Korean living in South Korea or foreign countries can participate in this bug bounty system. KISA will perform first verification while external evaluation committee will perform second verification. This external committee is composed of professors, experts in security holes, and software developers.
“Recently, there were serious bugs with platforms that did not perform enough verifications and tests before launching Mainnet.” said Director Cho Young-joon of XBLOCK SYSTEMS. “We expect Mainnet of X Blockchain will become stronger as we participate in this bug bounty project.”
Staff Reporter Ham, Jihyun | goham@etnews.com

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