Innovation is a strategic initiative at Toreon. It comprises the development of solutions in the short term, leveraging our knowledge into reusable, valuable products (solution development), and also the development of solutions based on cutting edge new technologies (R&D).

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Fostering a knowledge economy at Toreon using cryptocurrency

Toreon is proud to announce that we will be launching the Torbuck in the beginning of May, 2019.

Torbuck is our own cryptocurrency. It will enable our employees to value their knowledge and be rewarded for sharing it. Effectively, we are creating a knowledge economy within Toreon.

The Torbuck will be published on the Ethereum blokchain. In May, all of our employees will be able to access their Torbucks using a standard cryptowallet. They will be able to spend Torbucks on external training, as well as get paid by colleagues for their own knowledge sharing efforts. If a Toreon employee organizes an internal training, their colleagues will pay Torbucks to attend.

Our ICO (internal coin offering) came about when trying to solve a few issues we had.

First, as a cyber security consulting company, Toreon is all about people and their knowledge. Our people have to learn constantly. We try to stimulate knowledge creation and exchange as much as possible. Although everyone has a large personal budget for attending external training, internal knowledge sharing never comes easy. Putting it in our company bonus plan has worked only partly. The Toreon management never likes to use a top-down approach, but we’ve found ourselves forced to organize knowledge events ourselves to stimulate knowledge exchange. We needed a good incentive system to reward knowledge sharing.

Second, Toreon is an innovative company. We had identified Blockchain as a technology to watch and have actively tried to learn more about the technology, in order to assess early on what the security challenges could be. Our R&D effort has largely meant listening to other organizations trying out blockchain technology. It seems blockchain is ‘a technology looking for a use case’. We hadn’t really been able to find a project that would allow us to participate in the technology and apply our security knowledge.

Torbuck fills both needs: It allows our people to get rewarded for sharing knowledge. And it allows us to develop our own platform, to learn about blockchain development, its many pitfalls (a very immature technology) and of course security. The Torbuck will be a tool as well as a playground for our techies. Our ethical hacking team can’t wait to launch their attacks!

What’s in the future? If Torbuck is successful, we can expand its use. We could give our clients Torbucks as part of a loyalty program to spend on our services. It could become an integral part of the internal reward system. But first and foremost, it is a way to learn and share knowledge and not just about blockchain.

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Toreon @ Niveau S

On the 19th and 20th of December, Toreon will be at the Niveau S event.

This event is targeted at government services and the activities will be an exciting mix of seminars, R&D demonstrations and a job/internship speed dating area. The overall theme is technological innovation and security.

We want to present ourself as a trusted partner for cyber security consultancy and advice and as an innovative player in this market. You will find us in the main hall with a live demo by our innovation department. Don’t be shy and come say hi!

Looking for a new challenge? Learn all about us and working at Toreon, look at our current job openings and book us for a speed date at the event.

In anticipation of this event, we’ve made a promo video that’s worth taking a look at:
Niveau S promo – NL
Niveau S promo – FR

See you in Brussels!

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Digital identities on the blockchain

Digipolis, the IT provider for several belgian cities, including Toreon’s hometown of Antwerp, hosted a great event on 24/5 around identities on the blockchain.

Most important subject was the creation of ‘self-souvereign identities’. These allow individuals to take control over their identity and the dissemination of personal information. Trust in a person’s identity can be established by allowing ‘attestation’ by trusted parties to accumulate.

Great use cases were presented, with my personal favorite from TYKN ‘s Tey Al-Rjula, showing an optimistic picture of how blockchain based identity can help in natural disasters and with refugees or other paperless individuals.

Inspiring to see projects that try to lift people out of misery and give them control over their destinies!