Shield Protocol AMA

BSCNEWS hosts Shield Protocol, SHIELD is a Second Layer Security Platform based on the Binance Smart Chain. They enable security and keep your secrets on Blockchain. All questions answered by Dr. Rahul Sharma (@rahulsharma0856) and Neeraj Bhardwaj (@neerajbhardwaj1254)

March 20, 2021

Crypto Shrimp (AMA Host): Alrighty guys, let's welcome Shield protocol to BSC News for another exciting AMA, where get to learn and educate ourselves with the project. Can I do a type test with the shield team?

Dr. Rahul Sharma: Hello everyone.

Neeraj Bhardwaj: Hello guys

Crypto Shrimp (AMA Host): Great stuff how are you guys doing today?

Dr. Rahul Sharma: Great.

Neeraj Bhardwaj: Great man !!!

Q1 Lets kick it off with an introduction of you and your team? what are the past experiences in the DeFi world or crypto land?

Dr. Rahul Sharma: My name is Rahul Sharma. I am CEO at SHIELD PROTOCOL. I am a skilled cybersecurity and data specialist and have done more than 305+ crypto and non-crypto projects till date all over the world related to cyber security, multi clouds security, penetration testing, server and data security, artificial intelligence and machine learning. In the last few years, I also increased my skills in blockchain technology and development.  I am pursuing my Phd in artificial intelligence from India. We are team based upon India and USA. Our total team size is 10 along with myself. Most of the team are from backend and development operations. We are hiring more professionals for marketing and business development roles for SHIELD growth.

Neeraj Bhardwaj: My name is Neeraj and i am working as a project officer. My major role in Shield Protocol are allocating resources, setting deadlines, laying out communication strategies, and indicating tests and maintenance. But overall, all major backend things are developing under our CEO lead. I am working in crypto world from last 1.5 years.

Crypto Shrimp (AMA Host): nice to meet you guys and thats good and relevant experiences you guys have too

Neeraj Bhardwaj: Thanks for compliment

Q2 How experienced are your dev / engineers for the project?

Dr. Rahul Sharma: Our team has experienced from last 10+ years in the field of development and I am handling all of the cyber security aspects of the projects. Our team has skilled in SQL Server Database, C# Dot Net, Solidity, Xamarin, Application Programming, jQuery, multi cloud interfaces. Along with development, I am also expert in AI and machine learning.

Crypto Shrimp (AMA Host): ya i saw you are doing a PhD in AI thats tough! and im sure you will do well in it

Dr. Rahul Sharma: I am trying my best.

Q3 What inspired you to build this project Shield protocol?

Dr. Rahul Sharma: As per my previous research findings on security, I found a lot of problems in existing security solutions and SHIELD PROTOCOL is one of the proposed solution of that existing problems. Because right now, we need to eliminate all centralised systems as they are vulnerable to hacks, you see news daily of many breaches in which millions of email passwords are leaked.

Neeraj Bhardwaj: Yes we want to bring daily use business tools to decentralised world

Crypto Shrimp (AMA Host): Indeed we are now in the era of digital world, so cyber security is the next concern for sure!

Neeraj Bhardwaj: true that

Crypto Shrimp (AMA Host): I believe digital currency will take over our dollars and notes one day, and we are all here building that foundation before we drift too far away from things 

Q4 Do tell us how does Shield protocol work?

Dr. Rahul Sharma: In brief, shield protocol will save user 2fa secrets into blockchain with one of the our 3-tier encryption model without any third party involvement as centralized system as well as without collect any personal user data that is really big concern as per GDPR and CCPA compliance as security reasons.

Neeraj Bhardwaj: we are focusing on decentralised identity

Q5 You brought up 2FA, how different is shield protocol with google authenticator?

Dr. Rahul Sharma: Shield protocol is totally decentralized platform there are other 2FA also like google authenticator or authy. Though we have mentioned differences in light paper. Our concern is safety of personal details and less use of centralised storage because they are vulnerable to hacks. At present all 2FA are backed up on centralised clouds but we are using blockchain for that purpose of storage which solves two purposes firstly we can work without using personal details and secondly it is far secure than centralised cloud. It is kind of another level where no Personal details are collected, no storage servers yet everything delivered. Specially, google authenticator has not backup facility and other are providing with centralized storage. So, basically we are actually using binance smart chain as an decentralized storage purposes.  Further, we will integrate other popular chains like polkadot.

Crypto Shrimp (AMA Host): whenever i switch my phone google auth is a nightmare

Neeraj Bhardwaj: Thats where Shield will be saviour

Crypto Shrimp (AMA Host): cant wait to use it. so from a user end, according to what you describe, we will not see the difference from the UI wise is that rite? cause its all about the technical side of things

Neeraj Bhardwaj: Yes there will be no difference in user experience just making a daily use tool into decentralised so that regular people will use it as simlpe 2FA but will also be introduced to blockchain and crypto world. Basically it will also bring more  people to blockchain who are not in here yet. we are providing same tool, with advanced feature and technology.

Q6 If I did my research right, the app is not yet live, I’m curious to know how it works, will it be another code to enter or will it help verify the website you are visiting?

Dr. Rahul Sharma: It will work same like other 2fa apps to scan the code from barcode, so that there is no any change in user experience. Just the change will be in tech side inside the app which user will have to go through only the once and for that also we have provided user guide, just think of it like simple 2fa but in a way of blockchain and you ll get to know it soon as we are not far from a launch.

Crypto Shrimp (AMA Host): thats really exciting to have things we used daily build on our crypto foundation! im sure you will get all the supports from crypto users

Neeraj Bhardwaj: Plus one more thing i want to add

Crypto Shrimp (AMA Host): go ahead

Neeraj Bhardwaj: Shield protocol app includes decentralised 2FA, Wallet, In-app Staking and more security tools to be added in future. We are also competing as a wallet.

Crypto Shrimp (AMA Host): thats huge, a wallet with additional security, I like the sound of that

Neeraj Bhardwaj: Thanks

Q7 I understand that Shield is a second layer of security for user, but how about the security of the codes on the $SHIELD itself, does it mean that there won’t be any audits done for the project itself?

Dr. Rahul Sharma: Our encryptions and security methods will keep everything secure. Three layer encryption model will hash the secrets and then will sync into a public blockchain. Our smart contract already audited by Callisto network and for app, we will do security audit, once we will complete it.

Crypto Shrimp (AMA Host): thats good, scrutiny will only make the security tighter

Q8 What about the use case of $SHIELD token itself? How can one earn rewards?

Neeraj Bhardwaj: As per $shield token use case, it will used for txn purpose as a gas  when user will interact with blockchain. Also it can be earned through Staking and other reward programs that we conduct randomly.

Q9 Do let us know what are the long term plans/ roadmap

Dr. Rahul Sharma: Our vision is to make Shield 2FA widely adopted by users of crypto exchanges and social media channels or say our target is to reach each and every internet users. 2FA Authenticator play a very important role in exchanges and none of the 2FA authenticators are on blockchain right now and Shield 2FA being a decentralised application on top of blockchain would give us an edge to attract 100 million+ users, who uses exchanges and even use other 2FA apps that are centralised, that collect their personal info and put their security keys on centralised clouds which are many times being hit with cyber attacks and users being. Also our target is all users using social media   and who use online financial data.     

To reach these users we have very well planned marketing and partnership plans that will be executed according to schedule.

Ready reference link is here

Q10 Share with us your links to social media/documents, so as to find out more about Shield Protocol

Dr. Rahul Sharma: Sure.


Second layer security platform based on Binance Smart Chain.

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Crypto Shrimp (AMA Host): great stuff one last question before i unlock the room for the audience to ask questions

Q11 lastly our famous question, do you have any alpha or juicy news that you can share with us today in BSC News?

Dr. Rahul Sharma: Well, yes. Our product is launching next week with 2fa and wallet. Final testing is going on.

Crypto Shrimp (AMA Host): thats great news, and that will be all the questions from me today, thank you once again for your time, do hope that you have enjoyed it and I’m sure we have all benefit from today’s AMA.

Dr. Rahul Sharma: It is our pleasure.

Neeraj Bhardwaj: I was a priviledge to be here

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