Naoris will introduce a blockchain-based cybersecurity system across IT Networks in the Middle East. Dubai-headquartered IT solutions company PROW has agreed to utilise Noaris’ AI and blockchain-based platform to help secure its clients’ networks. PROW manages IT projects across a range of sectors including government, healthcare and retail.
Naoris and PROW have signed a partnership that will include a thorough assessment of PROW’s Middle East framework, following implementation of Naoris’ ecosystem across PROW’s key data infrastructures. The agreement will provide a robust system for PROW as it delivers cloud-based solutions and digital transformations for leading tech companies. PROW’s partners include Cisco and HP.
Multiple high profile infrastructure, construction, IT and government projects in the Middle East has necessitated the requirement for robust cybersecurity networks. Analysts at International Data Corporation (IDC) predict that the cybersecurity market within the region will double over the coming four years to $22.14bn in 2022 (up from $11.38bn in 2017) [http://www.itp.net/617541-unlocking-the-network-security-opportunity]. As a result, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched the ‘Dubai Cyber Security Strategy’ in 2017 to provide integrated cyberspace protection and support innovation in cyberspace across the emirate region. Based on five pillars, the initiative will implement cyber smart technology, innovation, cyber security, cyber resilience, and collaboration on an international level. The centre will work with government agencies to strengthen Dubai’s position as a world leader in innovation, safety and security.
Current cybersecurity models mean that multiple devices on the same network can provide an entry point for hackers to gain access to the entire system – which could have huge consequences, especially in governmental and healthcare digital arenas.
Naoris’ infinitely scalable platform, the Naoris Security Ecosystem (Naoris SE), offers near-instantaneous detection and reporting of cyber threats, facilitating a consensually approved fix action without the need to rely on a central point of failure to command changes. Results are then disseminated onto an immutable ledger, where they become accessible and independently auditable.
The platform’s rule-bound and distributed consensus ecosystem allows fixes to occur before attacks have time to spread. Each node in the blockchain acts as an additional distributed layer of protection, which means that while traditionally networks become weaker as more devices are connected, Naoris’ solution allows networks to become exponentially more secure and agile as they expand.
David Carvalho Founder and CEO of Naoris, commented:
“The Middle East is experiencing an ever-changing shift of data networks following its rapid advancement with digital technologies. This has led to further requirements of robust cybersecurity systems within private and public sector organisations. The blockchain provides a novel and effective way of protecting typically hard to defend environments from cyber threats and ensuring no end-point provides a threat for the network or its data.
“We are pleased that PROW has agreed to utilise our platform across its networks. As project managers and IT experts, PROW can see that we will be invaluable to its clients and offer well-guarded solutions as its networks grow larger and more complex.”
Roland Hash, Managing Director of PROW, added:
“We are proud to sign an agreement with Naoris that will revolutionise our cybersecurity networks using the latest AI and blockchain technologies. As we expand, the need for advanced cybersecurity becomes fundamental for our solutions to clients. Naoris is the lead provider of scaleable and robust systems that will help secure our data infrastructures across the Middle East.”
What You Need to Know Before You Start Cryptocurrency Trading
Crypto Venture UpStake is Redefining the Industry with a Proof-of-Burn Stable Coin
The Future of Bitcoin – Is it Worth Investing?
The Current Bitcoin MarketThe bitcoin market at the present moment is in a noticeable downward trend. This has been heavily influenced by the mass market sentiment which has displayed consistently negative signs. That said, many professionals within the industry, and certainly a trusted bitcoin broker such as TradeFW, have firm faith in the markets capability to rebound from its current position. Presently, the market is experiencing a low below $3,500, something which bitcoin trading sites have not seen in 12-months. That said, for those who have recently joined the industry and learned how to trade bitcoin, there are other opportunities. These opportunities currently reside with bitcoin options trading, or CFDs.
Bitcoins Short and Long-Term FutureBitcoins short-term future may well see a further slump prior to any bounce back, however if you are desiring to open a bitcoin account, this should not hold you back. There are many leading forex brokers who are now offering varied bitcoin trading strategies such as the CFD trading from TradeFW where BTC is paired with the USD. If you are wondering where to trade bitcoin in the current market, this may well be the best choice, since, with CFD trading, you can easily capitalize even in times of a slump in the market. As for the long-term future of Bitcoin, this would still appear to be bright. We should remember that in the bigger market picture, the current price level is still comparatively very strong, and the cryptocurrency remains in its number one position. The long-term currency future is further bolstered by the emergence of new trading opportunities such as CFDs and Options trading on Bitcoin. At the present moment, it may be a very advisable strategy to partner with a strong bitcoin trading platform which offers some of these more diversified financial trading instruments, and attempt to utilize any market conditions to your benefit. The best bitcoin trading platforms will certainly have extensive learning resources available. Continuing to utilize these resources to further learn about bitcoin is a surefire way to help improve your trading skill no matter the market conditions.
Pros and Cons of Investing in BitcoinStepping back from the current market situation, there are still a number of positives to be drawn from when it comes to potential future investment in Bitcoin and the cryptocurrency market in general.
- The potential growth levels in Bitcoin have already been demonstrated by the huge gains shown within the past year up to almost $20,000.
- The nature of Blockchain technology means investing in Bitcoin can be both anonymous and highly secure.
- As society continues its technological advancement, there is little doubt that Bitcoin can show its true potential further as it becomes more integrated as a payment method in everyday life.
- With new investment options such as CFDs and options trading in BTC markets becoming available, there is potential for traders in both an upward and downward trending market.
- Bitcoin investment remains innately risky, particularly in the current market where a negative sentiment is quite clear.
- It still remains to be seen if the currency will be adopted or has the technical capabilities to function as an everyday payment method in society.
- Security of your bitcoin holdings and intrinsic value of cryptocurrency are always contentious points.
ConclusionOverall, it is quite clear that whilst the bitcoin market is in times of some difficulty, opportunities still exist for both new and existing investors in the cryptocurrency. Bitcoin now has more trading options than ever with the ability to trade CFDs through many leading and trusted forex platforms. Regardless of the current market price, there is still clear potential in trading and the future of Bitcoin. TradeFW provides top quality forex broker services and trading in cryptocurrency CFDs including Bitcoin. For the best opportunity to capitalize on the current Bitcoin market along with all major forex and other markets, open an account today.
Gold Backed Crypto Exchange Offers Safe Haven for Crypto Investors
Join us on Facebook
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Blockchain News2 days ago
Charity Branch Of Binance Launches Pilot Blockchain-Based School Lunch Program
Bitcoin News1 day ago
Brian Armstrong Believes Hot Wallets Are Good Enough To Store Bitcoin
Altcoin News4 days ago
Crypto Market Adds $10 Billion, Currently With $134bn. In Circulation
Altcoin News3 days ago
Crypto Trading Volumes Jump To 300-Day Highs Following The Bullish Market-Wide Run
Blockchain News1 day ago
Educational Certificates In Malta Will Be Stored On A Blockchain
Ethereum News4 days ago
Craig Wright Calls Out Ethereum For Being Unable To Scale
Bitcoin News3 days ago
Samsung’s New Flagship Phone ‘Galaxy S10’ Comes With A Cryptocurrency Key Storage
Analysis5 days ago
Bitcoin Nearing $4,000: The Chances Of A Larger Breakout Are Increasing