Preface
With the amount of people trooping in to the internet and specifically blockchain based platforms, it is a necessity and a right for all consumers to enjoy efficient and effective security and privacy. This increase in data is due to exponential increase in data usage and digital asset transactions on the internet. Secured storage is not only essential to individuals, but also to firms and companies including insurance companies, banks and all other organizations dealing with valuable Assets and data.
Hence the efficiency of such organizations is determined by the standard of security and privacy.
Current storage methods and their costly flaws
Organizations, internet and crypto users are presently given two choices of storage solutions, all of which possess their own flaws which may result in great loss of data or assets. This method are:
Hot storage
This includes all centralized online value storage methods like online wallets, exchanges etc. Users are clueless on what goes on or How their assets are being stored. Master keys which control access to such to such exchange and wallets are controlled by wallet custodians. A case like that of the famous Mt. Gox with users data and assets on the loose would cost millions of dollars and other resources. Anything always online is always hackable.
Cold Storage
Another system is the cold storage, data and digital assets are stored on offline physical devices, although this method has totally dealt with issues of online hacks, yet such devices could be physically damaged, stolen, misplaced and sometimes inaccessible due to ignorance of users concerning such technologies or unavailability of such devices when needed by owners.
At this point my best friend at high school would ask "What do we have to do now", This then introduces us to our unique solution.
Goldilock
Goldilock is a super data and value storage system that users with function of cold data storage that is readily available only at such times that it is required by user. Goldilock is a perfect blend of benefits from the online accessibility-at-anywhere feature and personal cold storage free-from-hack feature of the afore mentioned methods, yet non of their weaknesses.
Vision of Goldilock
The vision and aim of this platform is very simple, clear and understandable to all including Tom the dummiest boy in my high school days.
Goldilock is based on the premise that your data shouldn't be constantly and physically connected to the internet when not in use by users, but must unfailingly be accessible anywhere and anytime (midnight, mood, morning, evening etc.) as requested by the user. And you may be asking "how is this even possible?", Yes it is very possible with Goldilock's remote, private encrypted HSM vaults that ensure immediate online availability and activeness via a non-IP trigger system, while user digital data and assets are physically not visible on or connected to the internet when not needed by the user.
What solutions are being offered by Goldilock
The Goldilock platform offers its unique solutions in two aspects
Solution for individual consumers
- Private/Access key custody
With Goldilock the burden of keeping crypto wallet keys by individual users have been lifted. Many users took the risk of trusting their confidential data to platforms incapable of giving them the security the deserve.
Just like Bank methods of storing valuable assets and fiat in inaccessible and secured bank vaults, Goldilock employs this method to write user keys on encrypted data storage devices in vaults located within a secured center. This encrypted devices are constantly and physically disconnected from the internet, but can be used to access user data from anywhere at any time by simple but authorized non-IP command by user over a public switch telephony Network (PSTN), the encrypted device is remotely mounted to grant access to user which access his data and assets through encrypted channels. This system ensures that not even Goldilock has access to user private keys and digital assets.
Solutions for firms and institutions
- Crypto exchange
Past years have recorded stolen cryptocurrencies worth millions of dollars have been lost since public centralized crypto exchanges always function as private keys keepers, but with Goldilock's online-on-demand storage mechanism it wouldn't take time for a clear difference. As we all know what is always online is always hackable and what is coldly stored could be lost, stolen etc. Goldiblock is now a trusted option for the crypto exchange Industries presently offering key-custody services to aid them provide standard services
Online wallet service operators
By choosing to opt for either an in-house proprietary license or an outsource service model, wallet operators are allowed by Goldiblock to access their benefits and innovationsCold wallet operators
Goldiblock will allow cold wallet custodians to integrate their systems to the platform, hence their operations become more and readily accessible.Digital Data and asset storage and security
Goldiblock has stood out to be the most appropriate partner choice for Government Agencies, banks, credit agencies, ware housing operators, insurance and document storage agencies, in order to offer more secured storage.
Areas of Applications
Application of Goldiblock is a function of the versatility of the platform. Goldiblock possess a high degree of flexibility in terms of integration and applications:
- Wallet for crypto
The Goldiblock wallet when developed by the team will be the most secured and viable with the following features: - A unique URL Is assigned to each wallet
- Private keys are efficiently secured in unique encrypted but disconnected-from-internet secured hardware devices.
- Wallets are activated using the same non-IP command method of the afore mentioned private key custody discussed, plus pin/voice verification over the PSTN
- Wallet closure ensures that wallet devices are disconnected from internet remotely
- wallets will operate on SSL authenticated browsers
- Every transaction that is signed will require Two factor Authentication for completion
This wallets will support transactions of NEO, GAS and NEP-5 tokens in Q2 of 2018, users have to register and purchase LOCK tokens before starting to use the platform. - Goldiblock API services
Goldiblock team will develop API services after wallet development, this will enable existing wallets to have access to the patent-pending feature of Goldiblock to provide this institutions with the desired level of security.
Why is Goldiblock said to be unique
It is needful to emphasize on features and technologies of Goldiblock that makes it unique.
NEO platform and smart economy
- The Goldiblock platform chooses to be built on the NEO platform for the following reasons:
- NEO's consensus mechanism ensures that as large a 10,000 transactions are computed without cost
- NEO's consensus mechanism is an improvement on the present algorithms like proof of work (BTC) and proof of stake, this mechanism is known as "Delegated Byzantine Fault Tolerance" This a more efficient algorithm where token holders vote delegates who reach a consensus about which transactions are acceptable.
- NEO will have the ability to provide and confirm digital IDs for large firms and government agencies to operate on blockchain.
The main aim of NEO is to use blockchain technology and Digital IDs to digitize assets, use smart contracts to automate digital asset managements and "realize a smart economy" with a distributed network.
Goldiblock combines the best of cold and hot storage but the online-on-demand method. This is an effective solution against online hacks and theft.
Team
I choose to mention Goldiblock's team as a unique feature, an amazing team of young experts lead by Jarodd Epps and Tony Hasek, check out their profiles below
Use cases
crypto related
Crystannson has lost has lost access to his first steemit account, because his passwords and keys were backed up on a flash that got corrupted, he lost an approximate of a hundred dollar, but Goldiblock was introduced by a closefriend, and this has kept crystannson at peace because there is no longer any need to panicNon crypto related
A famous company In Lagos, Nigeria lost its confidential data of workers and customers to online hackers, they have been so restless, always jumping from one solution to the other. They read about Goldiblock and decide to give it a try, it's two months and they are now focused on business knowing their data is ever safe.
Added Information
LOCK tokens
Goldiblock uses LOCK as it tokens to fuel activities and services on the platform.
NEO and other tokens will be integrated on the platform. The Goldiblock wallet service is accessible on basis of subscriptions, using the LOCK token, which will also grant users a record of all nodal activities.
Security standards
Following recent cases of user data, private keys and document mismanagement and insecurity by storage and exchange industries, Regulatory bodies and Government entities are bound to lay criterias and standards for platform's handling data of consumers to attain before they function, all ready GDPR have threatened firms to pay a fine of over £20 million incase of data mismanagement. Goldiblock Is ready to stand as an integral solution for platforms to attain such criterias and comply with laid down directives.
Conclusion
Since the onset of crypto and blockchain, security has never been 100% Guaranteed, loop holes always exist, but I can't possibly Imagine Goldiblock being hacked, this is the super solution.
For more information and resources:
Watch this video
or visit the links below
Goldilock website
Goldilock whitepaper
Goldilock Tokenomics
Goldilock Telegram
Goldilock Discord
Goldilock Linked in
Goldilock facebook
Goldilock Twitter
Goldilock Reddit
Goldilock Github
here
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