One in 10 people is a victim of online scams, with the explosion of online fraud and cybercrime online users are becoming more vulnerable to this threat now more than ever, with the introduction of blockchain technology where we hope to take financial transaction this offence will likely be doubled unless measures are taken to prevent the occurrence and inform people of their risks vulnerabilities in the internet. In the forefront towards fighting online fraud is MyShield, a blockchain project that want to make use of decentralized nature of the platform to incentivize the community to partner with them in a mission to fight online fraud.
MyShield plans to use blockchain technology ecosystem to provide innovative features that will help fight online fraud, this will make online users who use the internet for their daily activities safe from scam. The platform plans to use the power of decentralization to allow users make reports to the system alerting everyone on the probability of a scam, this report will be all curated in an artificial intelligence algorithm to create consensus agreements that will incentivize reporters and alert users.
How MyShield Works.
MyShield will decentralize online scam protection by placing their trust in the hands of the community through incentive participation who will help with reporting scams and fraudulent behaviors in the internet creating a social platform with a goal of eliminating scams.
Unfortunately, scams target naïve people from what's happening in the technological advancement, my shield plans to alert and prevent this fraud from happening in a very advanced innovative strategy that will allow normal users be secure online. The platform plans to use the community as scam reporters who will be incentivized through the platform own token (MSLD) the smart contract algorithms will make this transaction transparent in the ecosystem, the reports are then curated through artificial intelligence to report the scams to the masses through their platform, software's available on mobile compatible devices and PC.
It is believed that online scams have become more prevalent with the introduction of cryptocurrencies where reports indicate over $1.5 million is lost through scams each month – the platform plans to target this industry first before moving to the large online ecosystem as it scales its operations.
MyShield has these as their features as their important features to combat online scams: Alert against scams, transaction validation and scam reporting.
MyShield Token Utility Value.
MyShield has several uses in the ecosystem, it will be a valuable fuel to the ecosystem including: subscription of the platform premium features, purchase of programs within the ecosystem, incentivize the community who report scams, reward ecosystem developers and contributors towards the growth of the ecosystem, Pay and validate MyShield Trust StampTM and MyShield Trusted Wallet StampTM, organization subscription towards using the platform features such as BrandShield system and pay executors for their contribution in the ecosystem.
MyShield Initial coin offering:
Myshield is currently running an ICO to raise funds towards research and development of the platform, acquisition and marketing promotions, investors and supporter can participate in the ICO through their official website: https://www.myshield.com/
MyShield Roadmap
Below is an info-graphic showing the projects road-map towards the realization of the projects goals and mission.
Some of the links you might need:
Official web page : https://www.myshield.com/
Whitepaper : https://www.myshield.com/wp-content/uploads/2018/05/MyShieldWhitepaperV4.pdf
Twitter : https://twitter.com/MyShield_TM?lang=en
Telegram : https://t.me/MyShield_TM
Facebook : https://www.facebook.com/MyShieldTM/
ANN Thread: https://bitcointalk.org/index.php?topic=3179901.msg32931789#msg32931789
Author: jamesndungu1
BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1856049
Ether Address: 0x8E8A5B6e2ABF1Bb64759bDd4DBe788F45B1D4f54
