DAO as the new Blockchain project to run startups

After six months, the work of DAO is now supported by a strong team, sponsors and developers
05 December 2017   260

6 months ago it became known about the DAO concept, which would allow working with blockchain technology without the CEO approval. This idea was tested, but after it was forgotten and abandoned. 

To date, the centralized system is not as effective as before, as it has become almost impossible to make a large team of employees to work for the benefit of others. Moreover, in order to implement meaningful projects, it is necessary to have a lot of money and a developed infrastructure, which is possible only for the government, military and large organizations. It is the DAO that deals with this problem. The DAO platforms will not only reduce financial and time costs, but will also allow the creation of complex projects.

DAO turns all existing business rules into ciphers, while reducing the array of work. Furthermore, it will be possible to improve, modify and add something new in a few minutes.

Reducing costs will entail: the creation of a new system of the whole business, which will exceed the traditional and systemized system. It will also allow to take forward the advanced places to such organizations as Oracle, SAP, Microsoft and will reject intermediaries. Centralized organizations spend weeks, years on creating startups, but DAO platforms will help them to get out just in the lunch hour.

There are 3 projects: Aragon, Colony, and District0x, which are already engaged in the development of such a project. Aragorn, for example, suggests creating branded property with the help of digital coins. District0x actually operates on the basis of Aragon, but it has additional functions for decentralized organizations that enable the management of the market.

District0x and Aragon together create a legal, technical and operational infrastructure. As for Colony, it has a few other functions, it helps in establishing fairness between superiors and ordinary employees.

DAO is a new model for coordinating all employees of organizations, which is built on three platforms Colony, District0x, DAOStack. In the near future, such a system will attract the attention of large organizations and bring production to a new level.

Tesla's cloud account hacked to mine cryptocurrency

Independent security group discovered Tesla's cloud account being hacked and infected with a miner-virus
21 February 2018   23

Cryptocurrencies are on the rise and all sorts of shady characters are trying to get in with dubious methods. Recent string of hacking attacks is a perfect example. And now not only exchanges and users with their hard-earned coins are in danger, but also companies with large cloud infrastructure face the same threat.

RedLock, a security research firm, reports that electric car manufacturer Tesla's cloud account information has been leaked to the internet, which allowed hackers to access the company's cloud. It has been hacked and hardware infected with a miner virus called Stratum. The mining protocol masks itself with low CPU usage and obscuring the IP of the mining server.

Of course, RedLock immediately contacted Tesla with this information and the company quickly got to fixing the breach. Tesla's spokesperson assured us that customer personal information hasn't been compromised, and that the vulnerability was patched in a matter of hours. Only small test park of internally-used engineering sample cars has been impacted and no indication whatsoever discovered that actual customer cars have been compromised in any way.

It certanly looks possible, because according to the same RedLock Cloud Security Intelligence group mining profitability of Tesla's cloud is worth a lot more that all the customer data available could be sold for on the black market. This also isn't the first instance of such a hack with no data being stolen. In fact, hacks with intention of hijacking mining capacity has already targeted Gemalto, a world's largest SIM-card manufacturer, and Aviva, a British insurance company, just to name a few.