Bug Bounty Programs: How Outsourcing Can Help Your Project

Industry InsightsJune 10, 2024

Integritee is kickstarting a bug bounty program, encouraging ethical hackers and developers interested in our technology to help us enhance our platform and services. Our first program makes you eligible to get up to 10,000 USD! Read all about what a bug bounty program is, how it unfolds, and what participants can get.

First things first: What is a bug bounty program?

A bug bounty offers rewards to individuals who identify and report vulnerabilities or bugs in software applications, websites, or systems. These programs are designed to incentivize ethical hackers, security researchers, and developers to find and disclose security flaws responsibly, allowing organizations to fix issues before they can be exploited by malicious actors.

The steps participants have to follow to enter and successfully complete a program are: answer the announcement (which defines the scope, rules, and reward structure), complete the tasks specified in the announcement, and report the vulnerabilities. The tasks and reported issues will then be verified and in case the participants did everything right, they’ll be rewarded according to the threat level or the impact of the vulnerability they’ve identified.

Why are bug bounties the way to go?

Blockchain projects rely on this task-outsourcing method because:

It’s cost-effective, especially when compared to hiring full-time security experts or dealing with the aftermath of a security breach.
It engages the community and might increase the follower database with developers. By participating, people feel they’re involved in the project.
It creates an extra level of security — external specialists might be aware of different issues that the internal team isn’t aware of.

Bug bounty programs are an essential tool for blockchain projects, providing a proactive approach to security in a high-stakes, complex, and decentralized environment. By incentivizing the global community to identify and report vulnerabilities, these programs help ensure the robustness and reliability of blockchain systems, ultimately contributing to their success and longevity.

The Integritee Bug Bounty Programs

By outsourcing developers to proactively identify and address vulnerabilities, enhance trust and credibility, and engage the global security community, we can ensure the Integritee platform remains robust and secure. This commitment to security not only protects Integritee’s assets and reputation but also builds confidence among its users and partners, ultimately contributing to the project’s long-term success and sustainability.

How it works

We will post our bounty bug programs on Immunefi, one of the largest Bug Bounty Platforms for web3 projects. You will be able to earn up to 10,000 USD in TEER tokens.

We’ve established four levels of vulnerability severity (low, medium, high, and critical) for the Blockchain/DLT category, and participants will be rewarded with USD 1,000, 2,000, 5,000, and 10,000 depending on the kind of issue detected. Note that Proof of Concept is required for any of the tasks mentioned above, and must comply with Immunefi’s guidelines.

If you’re interested in participating in the upcoming programs Integritee is launching, don’t hesitate to check them out on Immunefi or reach out via email or social media.

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About Integritee

Integritee is the most scalable, privacy-enabling network with a Parachain on Kusama and Polkadot. Our SDK solution combines the security and trust of Polkadot, the scalability of second-layer Sidechains, and the confidentiality of Trusted Execution Environments (TEE), special-purpose hardware based on Intel Software Guard Extensions (SGX) technology inside which computations run securely, confidentially, and verifiably.