PolySwarm (NCT) is a decentralized marketplace that aims to bring changes to the detection, analysis, and response to cybersecurity threats. It utilizes blockchain technology to create a crowdsourced threat intelligence network. The platform uses an Ethereum ERC20 token, Nectar (NCT), as a means of acknowledging users who contribute valuable cybersecurity data and to access insights provided by the network. PolySwarm aims to support the development of new threat detection methods, where various solutions compete to detect threats and are acknowledged based on their performance.

PolySwarm operates as a decentralized threat intelligence market, powered by Ethereum smart contracts and blockchain technology. It aims to foster rapid innovation in the cybersecurity space by acknowledging accurate and timely threat intelligence. The platform's "Proof of Work" is threat detection accuracy, meaning the market acknowledges those who are most capable of defending enterprises and end users. PolySwarm uses NCT tokens as a means of acknowledging users who provide relevant cybersecurity data and using NCT to access insights provided by the network. The platform's operations are managed and executed entirely by distributed smart contracts.

PolySwarm aims to provide a more effective way to detect, analyze, and respond to the latest cybersecurity threats. It can be used by enterprises, consumers, vendors, and security experts to access and contribute to a global pool of threat intelligence. The platform's unique system acknowledges users who provide accurate and timely threat intelligence, making it a valuable tool for cybersecurity professionals. Additionally, PolySwarm seeks to lower the barrier to entry, provide broader coverage options, discourage duplicative effort, and ensure interoperability among products and threat intelligence feeds.

PolySwarm was developed by PolySwarm Pte Ltd, a company that received funding through the acknowledgment of Nectar (NCT) utility tokens. The platform was designed to address the inefficiencies and limitations of existing cybersecurity solutions. The founders of PolySwarm, who are also members of Narf Industries, LLC, a boutique information security firm, saw the potential of blockchain technology to bring changes to the cybersecurity industry. They leveraged their expertise in InfoSec, blockchain, and cryptographic research to create a decentralized marketplace for threat intelligence. Today, PolySwarm continues to evolve with the aim of contributing to the cybersecurity landscape.