A huge insurance company in New York,this was info was kept at online corporation, however this has been experiencing security issues,they use the highest layers of security.Even with all of this, they are in constant fear of being infiltrated, since the data the store is extremely personal for their clients and any security breach would mean the end of their prospering business,here is a new model type of storage system which acts as a cold storage until such to their funds and data. this Goldilock uses NEO,however NEO and Goldilock share some core values that make the perfect technology atop of which to build Goldilock,it is platform that is easy hacks in the cryptocurrency industry.
In the wild west of cryptocurries,the burden of keeping Wallets secure falls squarely on the shoulders of the individual invest, passwords and private keys are often protected with awkad outdated and inefficient security measures .
Infact,key custody is one of the primary reasons why many institutions have been sluggisinternet adoption cryto investments.while Blockchain is inherently designed to be more secure than traditional hedger technology,the reality is that cryptocurriencies are susceptible to the same attack vectors as other digital assets,but Goldilock is revolutionizing the way data is stored on the internet by building an ecosystem to secure cryptocurrencies and digital assets for individuals and institutions.with a functioning platform launched in Q2 of 2018 that provides a remote physical disconnection of data from the internet,the Goldilock security suite leverages multi-factor authentication,biometrics,regressive technology trigger and cryptography to shift the burden of keeping wallets secure away from the individual investor and onto our physically-segregated platform.
Within the traditional banking model,security of your fiat currency is a crucial assets in a bank,they are typically protected in safety deposit box in a secure,inaccessible vault.But with Goldilock,the security of offline data has been combined with the convenience of online accessibility, Goldilock is online when you need it,offline when you dont,and available anytime from anywhere.
Security suite is a the backbone of the Goldilock with patent-pending user-controlled,remotely activated airgap security solution for cryptocurrency key custody and storage of sensitive digital assets
Many investors of cryptocurrency and managers of sensitive digital assets are currently forced to choose between personally-held hardware cold storage solutions,which can be stolen,hacked,misplaced,destroyed or confiscated and online hot wallets,which are vulnerable to hacking,decimal of service and custodial company collapse without a viable,scalable,and secure cry to solution, both institutions and individuals continue to plagued by frequent financial losses due to the mishandling of their keys.
Are not the answer to providing investors with a suitable key management solution for their cryptocurrency,paper and USB keys can lost,stoled,or damaged.The encrypted cold storage solutions offered by groups xapo,coin base have extremely limited accessibility which does not address most institutional custodial needs,an encryted key in an inaccessible bank vault maybe viable security for an individual or institution who do not want to trade but obtaining access to the USB takes days which is not practical for active handling.
This is another problem hot storage solution also prove ill-suited when it comes to key custody,simply put anything connected to the internet can be hacked considering the 4billion records breached impacting Email providers,banks,and credit card acounts over the last two years and given that over $1.2billion in cryptocurrency has been stolen in that the tradional digital asset storage industry in compromised
•Users need access to their personal data quickly But only occasionally and for short period of time otherwise online data is more useful to hackers than rightful owners
•Personal Data (including private keys )must be isolated,secured from physical contact and related human Error,and fully Backed-up
Personal Data and private keys must be quickly accessible when needed
Goldilocks patent-pending technolt treats these premises as requirements to make private key custody and personal data storage more secure without sacrificing accessibility. Relying on a framework of proven technologies and innovate processes,Goldilock divers a unique key custody and data storage solution.
These is positioned to provide services both direct to consumer and to institutions which require significantly enhanced security for the digital assets under their stewardship.
•Consumers and in stitutions seaking greater security solutions for their private cryptocurrency keys then currently available from third-party hot wallets and cloud-based data storage providers.
•Consumers who require more security, flexibility, and global availability of private key custody than offered by physical hardware crypto wallets.
•Institution seeking significant security upgrades for their users most sensitive digital assets by taking them fully offline when not in use,but who need to provide access to those assets at a moments notice.
This system can be leveraged to store private cryptocurrency keys,banking and credit information,personal identity,heath data,digital media,and signature or approval keys.
Private key custody is one of the major for individual comsumers,Goldilock will comprised of an encrypted storage device,it Storage device which is stored in a vault mostly customers of an exchange or an online wallet generally has no idea or power over how their cryptocurrency is s tored.The website could have security flaws, exposing all the user funds to hacks.recent history,most notably the famous Mt.Gox case
The cryptocurrency exchanges for pubic centralized cryptocurrency exchanges often also act as key custodians in the last year alone,their raliance on contemporary security methods has resulted in billions of dollars in stolen cryptocurrency.
However,storing client keys in online hot wallets or leaving them disconnected and inaccessible in deep cold storage, Goldilock enables cryptocurrency exchanges to reply on our online on demand environment reducing transaction processing times and enable better handling of peak traffic periods during the inevitable market runs,our goals is to become an essential option both for exchanges who are currently offering custody and for those who wish to enhance their offering by extending into custody for thier clients.
More over Governments worldwide are adepting to the sensitivity of data and many jurisdictions now have strict' regulations requiring highly advanced data protection security ,here is an example, the European unions general Data protection Regulation(GDPR) threaters fines of over €20 million for failure to protect consume data.GDPR represents a massive opportunity for Glodilock, as may technology providers do not have a solution to sufficiently protect consumer data.
However in a case of simple commercial perspective security at the highest level makes sense.Recent and persistent hacks of cryptocurrency exchanges key theft and misuse have cost billions of dollars.
Dont less Goldilock provides numerous opportunities to build the next generation of consumer and institutional applications optimized for trust and security.
The Goldilock wallet will be developed by the Goldilock Core Development team with the initial purpose of storing and transacting NEO,GAS and NEP-5 token making NEO the must secure cryptocurrency on the marked.
The wallet has each keys on a unique, segmented and encrypted hardware wallet device that is disconnected from the internet.
The wallet will be bring online either a non-lp command and PIN/voice verification over the non-lp public switch telephone Network (PSTN)
URL is maintain by a unique wallet
Two-factors Authentication in transaction is signed.
Goldilock will register its digital token "lock" as an NEP-5 asset on the NEO Blockchian
Due to this ground of lock token made users to purchase lock token ,when coupled with Goldilocks Proprietary smart contract logic,will allow for the storage of private keys for cryptocurrencies and other digital assets as well as provide an immutable auditing mechanism for each individual node using Default byzantine fault tolerance.
This a pitch at that shows a Goldilock will be minting a total supply of 1Billion lock token as part of contract deployment on the NEO blockchain.
This will have a hard-cap of $50M USD to fund company operation.Details on the sale phases accepted forms of currency and exchange rates will be communicate in Q2 2018for the lock token.
It is due to our alignment with their vision and philosophy on the future of blockchain,their focus on Government and compliance,Digital assets ,Digital identity and smart contracts provide a solid base for the Gold lock security suite.
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