Interlock has announced a new initiative to create a safer internet for everyone through a Web3 incentivized crowdsourced internet security community. The company also introduced its flagship product, ThreatSlayer, a Web3 security browser extension that leverages blockchain, AI, and a global user community to revolutionize internet security. The goal is to protect internet users from malicious websites and scams, making the internet safer for individuals and enterprises alike.
Community Testing and Global Reach
ThreatSlayer has undergone extensive beta testing, with over 29,000 active weekly users, 80% of whom are based outside the United States. The community is already active on platforms such as X, Telegram, and Discord. Interlock’s CEO recently appeared on Entrepreneur’s “Elevator Pitch,” generating interest in a potential $100,000 investment from Marc Randolph, co-founder and former CEO of Netflix. This appearance garnered significant attention, with the broadcast being viewed by 600,000 people.
User-Friendly and Effective
ThreatSlayer is compatible with most major browsers and is available as a free download. Once installed, it begins protecting users from dangerous website URLs and scams originating from phishing, fake ads, search, or browsing. By operating within the browser, ThreatSlayer can block malicious sites before they cause harm. This solution addresses the persistent security issues of the Web2 internet and is especially suited for Web3 early adopters and cryptocurrency enthusiasts.
A Need for Effective Internet Security
Interlock was created to combat the ongoing threat of phishing and social engineering attacks using Web3 technology and incentivized community threat intelligence. The company’s aim is to provide internet cybersecurity tailored to a digital and crypto-focused world. To enhance ThreatSlayer’s effectiveness, Interlock rewards users for sharing anonymized security data, emphasizing that safety in numbers is a key aspect of their revolutionary approach.
Innovative Use of Blockchain and AI
Interlock’s platform incorporates blockchain and AI technology in groundbreaking ways. In the coming weeks, the company plans to introduce its own utility coin, $ILOCK, which will be used to pay incentives and enable community members to facilitate rewards and security staking. Users can earn additional tokens for correcting Interlock’s threat detection errors, creating a combined fraud detection and community review system. The $ILOCK coin will be available on Arbitrum, a leading Layer 2 network for Ethereum, and Aleph Zero, a privacy-focused public blockchain platform. This availability enhances security and provides users with more choices.
Future Plans and Market Strategy
Interlock’s near-term roadmap includes launching ThreatSlayer on the Mainnet, a Token Generation Event (TGE), and Security Staking. Later this year, the company plans to monetize the shared security data in the $11 billion annual B2B threat intelligence market, creating a first-of-its-kind crowdsourced threat intelligence platform. Enterprise versions of its products are expected to be introduced within the next 12 months. Interlock is committed to transparency, offering extensive information in the resource center on its website and GitHub.
Leadership and Expertise
Interlock’s CEO and co-founder, Rick Deacon, has a background in cybersecurity, from hacking MySpace to building decentralized security solutions. He previously led a browser defense platform startup funded by Y Combinator, which sold its technology to Coinbase, Gemini, and Uber. The company also benefits from the expertise of senior advisors Ethan Johnson and Ajeet Khurana. Johnson, with over a decade of experience in cybersecurity, shapes Interlock’s enterprise product strategy, drawing from his roles at Citadel Securities, Galaxy Digital, and the Bank of New York Mellon. Khurana, founder of Reflexical and former CEO of India’s largest CEX, brings a wealth of experience in bridging the security gap in Web3.
Community and Technology Integration
The Interlock ecosystem includes ThreatSlayer, the Galactus data nexus and open-source rewards system, and the Octahedron AI-driven threat detection tool. Users of ThreatSlayer can opt-in for incentives, contributing web activity data anonymously to Galactus. Octahedron then uses this data to identify, classify, and predict malicious web entities. Designed to navigate cyberspace complexities, Octahedron continuously updates ThreatSlayer, enhancing its protection capabilities. The system evaluates websites for potential threats, using supervised learning from the SciKit-learn library and Interlock’s proprietary Decision Tree algorithm.
Comprehensive Threat Detection
Octahedron is trained on a variety of data, including known crypto scams, phishing links, and dangerous URLs. It continuously evolves by incorporating new data from the community, making it an increasingly effective cybersecurity tool. The tool examines specific keywords, JavaScript functions, malicious code, and domain reputation and traffic patterns to accurately identify threats. As Octahedron’s dimensions expand, so does its ability to safeguard users against online threats.
A Harmonized Security System
Interlock’s blockchain infrastructure underpins this robust internet security ecosystem, ensuring user trust and systemic security. Together, these components create a harmonized system where data collection, threat analysis, and token rewards work in synchrony.
Conclusion
Interlock’s innovative approach to internet security, combining blockchain, AI, and community engagement, marks a new era in cybersecurity. With ThreatSlayer at the forefront, Interlock is set to provide a safer online experience for all users, from individuals to large enterprises.
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