December 4th, 2017 -- /ACCESSWIRE/ -- Snap Interactive, Inc. ("SNAP," the "Company," "we," "our," or "us") (OTCQB: STVI), a leading provider of live video social networking applications building on innovative technologies such as blockchain, today announced that it has initiated a strategic product development and technology relationship with blockchain security innovator Gladius Network, LLC ("Gladius"). SNAP's collaborative relationship with Gladius is expected to focus on accelerating the development of Gladius's security solutions and SNAP's newly announced initiative Backchannel, the Company's first blockchain-based secure video messaging app. SNAP will also make an investment in Gladius's recently announced Initial Coin Offering ("ICO").
Gladius is a blockchain-based cybersecurity and content delivery network. Gladius is building a decentralized solution to protect against Distributed Denial of Service ("DDoS") attacks by allowing businesses to connect to protection pools near them in order to provide better security and accelerate their content. Significant features and points of differentiation of Gladius' product include:
- A dramatically larger distribution to be more effective at attack mitigation;
- The ability to localize attacks by keeping them in one region; and
- Ease of deployment, allowing the rapid creation of a large and scalable network.
SNAP's strategic relationship with Gladius is expected to also include a collaboration on existing and in-development DDoS technologies and platforms at Gladius, adoption of DDoS mitigation services at completion of development and a collaboration between SNAP and Gladius to target future deployment of decentralized DDoS technologies.
"In delivering our products, we have become experts in DDoS mitigation, because security vulnerability can be crippling to a digital business. We studied the market in-depth and believe that Gladius is a clear leader in building blockchain-based, decentralized DDoS security. We believe our relationship with Gladius will not only allow us to accelerate development of Backchannel while improving security but also integrate blockchain-based technology into our core video products Paltalk and Camfrog," said Alex Harrington, SNAP's Chief Executive Officer. "We are very bullish on Gladius's success."
"We are very excited to be collaborating with SNAP Interactive," said Marcelo McAndrew, Co-Founder and COO of Gladius. "SNAP is known for its widely used social video applications and technological innovation. This alliance allows Gladius and SNAP to collaborate and solve important issues concerning DDoS attacks and content acceleration using blockchain technology."
About Snap Interactive, Inc.
Snap Interactive, Inc. is a leading provider of live video social networking applications building on innovative technologies such as blockchain. SNAP's product portfolio includes Paltalk and Camfrog, which together host one of the world's largest collections of video-based communities, and FirstMet, a prominent interactive dating brand serving users 35 and older. The Company has a long history of technology innovation and holds 26 patents related to video conferencing and online gaming.
For more information, please visit http://www.snap-interactive.com.
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Gladius is a blockchain-based cybersecurity and content delivery platform. It allows people to rent out their spare bandwidth to provide DDoS protection and content acceleration directly to websites.
For More Information, please visit http:/www.gladius.io.