Development of a real-time Web3 security platform

Cube Security Europe UAB is implementing a project funded by the European Union "Development of a real-time Web3 security platform" No 02-019-K-0029.

During the project, while implementing the activity "Invest in the development of new APV products and enable researchers to participate in R&D activities of companies, promote intellectual property, early trial production of new products, preparation for the market", it is planned to create a real-time Web3 protection platform "Cube Protection", which will consist of two main components:

- The “Detect” component will enable real-time detection of malicious smart contracts and transactions. The solution can be applied to any organisation and/or activity that is exposed to the risk of malicious behaviour occurring in blockchains. This includes smart contract developers, blockchain developers, blockchain operators, audit firms, centralised exchanges, decentralised exchanges, cryptocurrency payment processors, research firms and independent investigators, law enforcement and government authorities.

- The “Protect” component will enable you to block threats (malicious transactions) detected by “Detect” before they happen. "Protect” will use a specially designed in-chain protocol that ensures the blocking of malicious transactions in the chain by integrating directly into customers' smart contracts. The solution is designed to protect smart contracts from hacking, fraudulent activity, as well as actions that would violate regulatory compliance laws and potentially cause reputational damage. The “Protect” component is intended for use by anyone who develops smart contracts or provides smart contract protection services.

Project is financed according to the 2022-2030 economic transformation and competitiveness development program progress measure No. 05-001-01-05-07 "Create a coherent system for the promotion of innovative activities" in the description of the activity "Promoting the supply of innovations" and the conditions and procedures set out in the project administration and financing rules.

The project is funded by the European Union Funds Investment Programme (European Regional Development Fund) for the period of 2021-2027.

The total value of the project is EUR 2 408 637.62.

EU funds - EUR 1 083 886.94.

The project promoter's own funds - EUR 1 324 750.68.

The project will run from 14 November 2023 to 12 July 2026.