With the advance on digital technology, the world of cryptocurrency continues to thrive and more and more cryptos are built on the blockchain. Investments worth upto millions of dollars are done daily on each crypto platform daily but the top question that should be on everyone's mind is, "How much is your assets' privacy and security worth?".
The right answer to that question is Everything. Many corporations and individuals can boast of having valuable cryptos and digital assets that are very sensitive and worth a lot of money, but only very few of them can actually boast of being able to trust that those assets can be secured firmly without risks to hacks.
The truth is, most of digital assets including one's of cash value, that are stored online always have a centralized storage. These storage facilities are connected to so many other nodes online that makes it impossible for them to be immune to tampering. These tampering can come in form of hacks, pishing and other means.
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So what should investors do with their digital assets? Cos it seems that no matter what they do, they still find themselves prone to attacks by the virtue of being online on the internet.
A friend of mine that was preparing for her project asked me something relating to that this afternoon. She said that she was preparing for her final year project as a graduate and does a lot of research work online but a few of her friends that chat her up on Facebook messenger keeps sending her messages because the Facebook indicator points out the fact that she is online and ignoring their messages will send a wrong impression of herself to them. My answer was simple, freeze your Facebook app and you will appear offline, then unfreeze it when you're ready to chat with them.
This is what the digital storage world needs, because it seems like no matter how secure your assets are, people can still get to them because you've stored them online. This is what Goldilock is bringing to the table. Now let us take a tour through the world of Goldilock.
Goldilock is an off the link digital storage security system with a capability of not only storing digital assets and sensitive data but also being able to save them in a secured location that has been severed from the main server and can only be called upon when the user has the need for them.
Goldilock storage is vaulted offline and secured in a protection known as air gap mechanism with is inaccessible using the internet unless called upon by the user of the storage through an non IP mechanism which when logged in, makes the storage to be temporarily available to the internet for the duration of the user's transaction.
The user accesses this isolated offline storage through a secure URL from which he can enter online and use at his own discretion.
The storage medium immediately goes offline once the transaction is completed by the user.
This air gap mechanism completely isolates the secure storage from the internet thereby rendering it totally immune from any reach of internet hackers.
This is the major advantage Goldilock has over all other storage platforms.
The Goldilock solution was built on the fact that if you're connected to the internet, you are always susceptible to attacks hence, the need for an offline, use-only-when-necessary type of storage medium.
One of the normal storage platforms we have on the internet offers a Hot storage which is firmly connected to the internet and is accessible to any internet user online through hacks and pishing attacks. Those storages includes clouds and online wallets even electronic mails. All these storages are prone to attacks because its hot storage is accessible.
Storage corporations have lost millions of dollars in law suits over the years from hacks on their user's storages. This leaves them at a huge disadvantage.
Another storage solution is offered by cold storage devices that are used on bases of need-to-use by the user. I know what you're thinking. Is it not more secure than hot storage?
Well it is secure because of its cold storage ability that allows it to be plugged online at the behest of the user and unplugged when the usage session is over. These devices includes, USB devices, re-writeable CD ROMs and flash devices. But the problem comes with the discomfort of carrying them physically which can lead them to being stolen, damaged or even corrupted by physical elements.
What them happens when the user forgets to carry the cold storage device and could not access it at the point of usage? The operation is immediately handicapped and suspended until the physical cold storage device is present. These and so many other disadvantages comes with the cold storage physical devices.
Goldilock combines the abilities of these storage solutions to bring a hybrid secure storage solution that protects its users from unsolicited access from the dark web. Goldilock favours neither the Hot storage nor the Cold storage but uses the feature of the two to maximum efficiency which justifies its slogan. Goldilock offers some valuable features that users and crypto owners. It's air gap mechanism ensures totally disconnection between the internet and the secure vaulted location and only supplies an access through a remote node whenever it is needed by the user. The system then reverts back to an offline mode once the key access of the user is withdrawn ensuring a high efficient secure mode of storage.
As the rate of crypto transactions increases, security lapses involving them increased a thousand fold. There has been reports of losses in millions of dollars involving Bitcoin and Ethereum transactions over the past year. This is coupled with the fact that hackers have the advantage of the online accessibility of the cryptocurrency wallets offered by exchangers. With Goldilock, the crypto exchangers are rest assured that without access to their storage platforms, hackers can do them no harm. Hence, their transactions are done in a one-off online method using Goldilock's air gap mechanism.
Since the turn of 2017 in Nigeria, as more and more people embraces a liquid cashless economy, many more people are losing their money to internet fraudsters. Banks all over the globe has seen this as a worrying trend. With Goldilock, these banks are assured of more privacy and security for the money of their customers.
With Goldilock, corporations that helps its customers to store and secure sensitive digital documents will find it easier to endorse security through its offline secure storage. No more do they have to spend millions of cash on encryption, hence saving them some cash.
Health records are very sensitive documents that when it falls into the wrong hands could cause a lot of patients for individual patients. With Goldilock, cases of leaks of health records stored digitally are placed solely at the patient's discretion and can never be accessed by a third party online.
Some governments around the globe had often complained of the leakage of certain classified data files by skilled black hackers. Adopting Goldilock's storage solutions will save them time and money and hence secure all their classified files in Goldilock's top security offline storage vaults. This gives them solitary right to gain access to these records without much hassle.
Individuals who needs to makes use of digital assets can actually save them on Goldilock's offline secure vault which is always offline. Through this, they can alleviate themselves of the discomfort of having to carry those assets in physical cold storage devices. With this ability, any individual user can travel around the globe without worrying about the security of his assets as it's completely offline and out of the prying eyes of hackers. The user can as well secure easy access to the stored data through an authorized non-IP URL as fast as he wants and disconnected immediately he is through with all transactions. Hence, he runs a no risk storage of all his sensitive digital assets.
Institutions that have need for storage of digital legal documents as well as law keeping institutions like the police can secure their digital crime evidence with Goldilock offline secure vaults.
Goldilock is working to create its wallet for the storage and transaction of cryptocurrencies especially NEO, GAS and NEP-5 tokens which makes them the top secured cryptos on the blockchain. It will be based on the following features
Goldilock will also develop its API services which will be aimed at allowing institutions with wallet access to work on increased security processes. This services will be run in its collocation facilities with cloud as another option to create more privacy for the corporations to run their transactions.
Goldilock LOCK Token
Goldilock access includes registering its digital LOCK token as a NEP-5 asset on the blockchain. The purchase of these LOCK tokens provides users the private access key for the Goldilock wallet. With the LOCK token, users can gain access to the Goldilock wallet.
On logging in on the wallet, it queries the NEO blockchain to make sure the user owns a LOCK token. It provides immediate access to the wallet for the user once this LOCK token is confirmed as positive.
It also gives its users an added incentive of auditing of each private key entry once it's online. This serves as a viable record for the users for the Goldilock wallet access. This means that it keeps information of node activities done on the wallet. These information are kept separate and encrypted with access only to the user.
NEO is a non-profit, community based blockchain project that utilizes its blockchain technology to improve digitization and automation of assets using smart contracts. NEO was chosen by Goldilock because of its work on combining digital assets and identity with smart contracts. It is a fast developing platforms with lots of advantages.
It is Goldilock's aim to utilize all NEO's innovative technology to provide a secure and efficient storage mechanism that users can rely on, on the blockchain.
Rita is a government IT analyst who stores relevant information for the number of workers on the government's payroll as well as their payment information. But Rita has been having hack attacks from hackers who try to undermine her encryption work by adding "Ghost workers" on the payroll to siphon money illegally from the government. These attacks has cost the government millions of dollars and her superiors has started breathing down her neck for solutions. Rita complains to her husband who is a banker and he introduces her to Goldilock. Rita is now able to store these information safely in an offline secure vault provided by Goldilock which she accesses at her own discretion.
Intercontinental Bank Plc is a a financial institution in Nigeria. They are a global brand in the international market. But lately, their customers have been complaining of some amounts of cash being taken from their accounts without any reasonable charge. Intercontinental bank suspects that this must be an inside job by one of their workers. Their manager decides to make use of Goldilock's secure offline digital asset storage solution. With their customer account access off the grid, they can now properly monitor every access to those bank accounts through Goldilock's Private key auditing. They finally were able to identify their defaulting workers and bring them to book.
Francis had always been having issue of pishing attacks in his Ethereum wallet. He has already lost about $800 worth of Ethereum cryptocurrency since the attacks started. Francis is then persuaded to buy Goldilock's tokens by his friend Joshua who has never experienced such. Francis finally buys the LOCK tokens and is able to gain access to Goldilock's wallet private access key. Francis now enjoys top notch security on his crypto wallet and the attacks stopped instantly.
In the world of frequent crypto hacks and loss of sensitive information, Goldilock is a breathe of fresh air. The ability to do that through an off-the-netwok link storage mechanism is top notch and leads to proper elimination of local cold storage hardware devices. With Goldilock I can comfortably say that attacks on sensitive information will be eliminated because of its ability to be completely off the internet. The saying that says that you cannot touch what you can't see comes to mind here.
Goldilock is the future of top notch security on the internet and every online user should subscribe to it. Thanks for reading.
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