Currently, fraud on the Internet is actively progressing. The users of the network try to work with trusted sites, but this does not always help. MyShield platform can become an innovative assistant in this case. It is a decentralized server for fighting fraud that positions itself as an ecosystem of trust. At the beginning of its journey, MyShield aims to attract credibility to cryptocurrency industry as a whole, providing a system of trust to the community. As the market develops, the solution can be adapted to all electronic commerce and the online ecosystems.
A key feature in the operation of the platform is the warning of a user about the sale of counterfeit products, the presence of viruses on the site and scammers when entering a website. Information about violations in the system comes from two sources - messages from MyShield users and messages from AI providers. There are two possible solutions when there is no consensus between the two data sources. In the event that AI cybersecurity rating indicates that an online element is a fraud, but the community reports are positive, you will need to apply for MyShield Trust stamp. In the event that a cyber intelligence provider evaluated by AI means claims that the online element is trusted and the community marks it as fraud, the supplier will receive a warning and carry out the process of reassessing its information. If no consensus is reached, both estimates will remain visible to a user.
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MyShield will provide a basic money refund guarantee for transactions performed on trusted sites. The platform plans to offer additional extended warranty programs and will allow several guarantee providers to participate in the ecosystem, i.e. users will have the option to choose warranty programs from different suppliers.
The advantage of the platform is the option "Money Back Guarantees". If a user performs a transaction on a website marked by MyShield as a trusted online element (website, web page, listing on the market, etc.), but while online, the element was actually a fraud (fishing, forgery, etc.), a user will be able to demand the money paid for the transaction from MyShield. The basic warranty will be limited to a specific cost per transaction, and for a specific amount of transactions for a certain period of time. Initially, the guarantees provided by MyShield will be limited to cryptocurrency transactions and will only be available on websites protected by MyShield mark.
It should also be noted that thanks to blockchain system on the platform user-generated reports are available and reliably protected, the evaluations provided by the cyber intelligence provider based on AI, MyShield Trust StampTM, MyShield Trusted Wallet StampTM, the results of the website or cryptocurrency wallet verification, which have got the stamp from MyShield.
On the platform, all calculations are pert in MyShield cryptocurrency. Tokens provide their owners the opportunity to report fraud, subscribe for premium membership, receive a basic money-back guarantee and the opportunity to be rewarded with cryptocurrency for active work. MyShield tokens will also be used to pay warranty programs. A total of 1 billion tokens have been issued, of which only 40% are directed to the crowdsale. The platform plans to use the funds raised mainly for the development of the platform (30%), marketing campaign (30%).
Thus, the creators of MyShield are intended to implement decentralized protection of users from scammers. The platform will allow several providers of cyber intelligence working on AI to integrate with the system at the same level as the cyber intelligence based on artificial intelligence from BrandShield. Estimates provided by various cyber intelligence will be encrypted and stored in blockchain and, therefore, completely protected from competitors. The work of MyShield in April of this year was positively evaluated by Forbes magazine and identified it as a reliable assistant when working on the Internet.
Links:
Website: https://www.myshield.com/
WhitePaper: https://www.myshield.com/whitepaper/
Telegram: https://telegram.me/MyShield_TM
Facebook: https://www.facebook.com/MyShieldTM/
Twitter: https://twitter.com/MyShield_TM?lang=en
ANN: https://bitcointalk.org/index.php?topic=3179901.0
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.