Technology is good but only if it makes life better for everyone. But it would be foolish to think all technology is good. The good technology will do no harm to the users. Cloud is an exceptional technologies to provide a novel way to store and access data. Unfortunately this technology are being hacked by people who want to make a personal gain from them.
In 2014, several photos of celebrities were leaked by a hacker who exploited a hole in the Apple iCloud system. Recently, Marriott says its Starwood database was hacked for approximately 500 million guests, includes a combination of name, mailing address, phone number, email address, passport number.
Cloud put this data in a more accessible form which require a significant investment in IT infrastructure and add increased security risks of this data being hacked. By using cloud services you simply entrust your secrets to somebody else's hands.
Cloud Storage should have improved human well-being without systematically harming the users data. It should be decentralized to prevent distribution and scaling problem. The potential is huge, the worldwide public cloud services market grew 28.6 percent with revenues of $63.2 billion, according to IDC.
Cryptyk is the first Decentralized Cloud Storage with Blockchain Security Auditing. Cryptyk Vault stores user files in encrypted, distributed pieces that are only reassembled and unlocked when an authorized user accesses them. Cryptyk encrypts your file, then slices it into intelligently randomized portions. Each of those portions is then encrypted again and stored separately among the top 5 third-party cloud storage providers (eg: Google, Amazon). This means that each file is encrypted over 2 layers using 6 different encryption keys.
The data that is being stored throughout the blockchain ledger is split up and hashed a significant number of times. More importantly, the different chunks of hashed data are not stored on the same storage device. This ensures that even if one bad actor was able to decrypt a piece of data they would not have access to the entire file.
By using Hybrid Blockchain Technology, Cryptyk’s Vault is the only decentralized cloud storage solution that is fast enough for real-time cloud applications that are used by all business and enterprises today. Cryptyk ensures no encryption keys are stored in the cloud, guaranteeing end-to-end protection, making it the most secure cloud storage solution.
These are the advantages of using Cryptyk technology:
The use and incorporation of Cloud in the structuring of comprehensive data for countries and overall socioeconomic development is increasing in almost all developing countries. Cloud is seen as an important channel and accelerator for development, having the capability to draw investment make job opportunities, encourage knowledge construction and sharing. Cryptyk facilitates the technology by enabling citizens anywhere to access information and knowledge.
The Cloud is important and it's ever evolving, and so are the risks associated with its use.
By applying Cryptyk technology, we can revolutionize the current cloud security and storage system, making it more safe, efficient and cost effective.
Learn more about Cryptyk technology and their upcoming token sale on: https://www.cryptyk.io and join their Telegram channel: https://telegram.me/cryptyk
