MINNEAPOLIS–(BUSINESS WIRE)–Dec 1, 2021–
CloudCover ®, the company behind the patented CC/B1 CyberSafety Platform TM, today announced the approval of their newest patent application for the invention of a cybersecurity insurance platform that utilizes a blockchain underwriting real-time process.
The patent is the first to combine cybersecurity insurance and blockchain. It represents a significant milestone in CloudCover’s mission: to create an end-to-end cybersecurity technology and insurance platform that uses automated intelligence (AI) and machine learning. This also enables the extension of AI-based network detection which includes automation and orchestration technology to empower risk awareness, risk control, and risk transfer.
Behind the invention is a fully decentralized risk mitigation platform – CloudCover’s CC/B1 – developed to secure the network in real time, so that data insurance is possible. Embedding micro-insurance policies into digital transactions that are secured and recorded utilizing blockchain technology is made…
