Chain4Travel’s Camino blockchain will be…

Chain4Travel’s Camino blockchain network is to be audited by international cybersecurity specialist Hexens before it goes live.

The source code and components of the testnet will be security checked by Hexens who will also support Chain4Travel to organize a “bug bounty program” later this month.

This will see hackers and security companies worldwide invited to try to attack, penetrate and exploit the Camino blockchain.

Bounties for finding vulnerabilities ranging from $50,000 and $1 million will be available to individuals and organizations to review open source code and find vulnerabilities.

Pablo Castillo, Chief Technology Officer of Chain4Travel, said: “We are in the final stages before the launch of the Camino blockchain, involving the most renowned cyber security experts for detailed testing.

“In the second step, everyone is invited to test the security of the network, even with significant rewards.

“Camino will provide a solid and secure base for worldwide travel product and service exchange.”

Chain4Travel is the facilitator of the Camino blockchain, which is being developed as an emerging Web 3.0 network for the global travel industry.

Testnett has already been active for several months where travel companies have been able to gather experience in building the first Web 3.0 travel products.

The launch of the first dApps and Camino Network is planned for the first quarter of 2023.

Chan4Travel says the Camino blockchain has now reached a solid state of development and is entering an extensive testing process over the next few weeks.

Hexens will support Chain4Travel with security consulting, employee awareness training, blockchain auditing, pentesting and development auditing.

The reports from these audits will be made available to the community prior to a mainnet launch.

Sipan Vardanyan, co-founder and CEO of Hexens, said: “Since Hexens was founded, it mainly focuses on the quality of the services we provide.

“Cybersecurity is about minimizing risk to our partners and customers. Our duty is to allow founders and teams to concentrate on the growth and success of their companies, while providing them with first-class cybersecurity services and peace of mind.

“Tested and trusted by web3 market leaders, the expertise of Hexens covers all fields of applied cyber security, including the most sophisticated and difficult parts, such as audits of blockchains, nodes and cryptography.”

Konstantin Andriotis, CEO of Hexens, added: “We are happy to announce the cooperation with Chain4Travel, and the faith in the team implementing the new idea, architecture and approach that will change the market conditions and bring web3 value to the travel sphere.”