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Bugbounter is a blockchain-based open platform that brings organizations & companies together with security researchers all around the world in order to detect, verify, report and track their cybersecurity vulnerabilities, rapidly & cost-effectively. Our aim is to establish security ecosystem to solve the cyber-security problems starting from Turkey and first extend our business to region and then go global. In the first stage we want to solve the security requirements of companies/corporations in todays world where cyber-security work-force supply is limited. We've started by developing a platform which creates a marketplace with bounty based crowdsourcing with freelancer ethical hackers and security researchers. We solve some of the trust issues of similar solutions by using blockchain.