Goldilock and the dynamic way it has chosen to revolutionize data storage, uninterrupted accessibility and Crypto blockchain based secure scalable key custody

in #crypto6 years ago (edited)

Introduction

Globally, the world is experiencing an ever changing dynamism with recent trends of Cryptocurrency mining activities, virtual gaming development, virtual tokens appraisals, digital asset computation, cryptography, decentralized systems, blockchain technology infusion, peer to peer exchange transactions, cloud computing, online data storage and a host of technological activities. All these activities and transactions due to technology have ushered in an involvement of artificial intelligence (AI), virtuality (The use of online model adaptation to depict real life situations), and management information system (MIS) in companies which keeps progressing while ever getting better. So much so that individuals, firms, organizations, startup companies and application developers have a host of options of applications, programmes and software to choose from. It makes the world a happy and accessible digital world to live in with a convenient snap of the fingers.

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The Current Problem

With the mass adoption of Cryptocurrency, virtual wallet creation, management of digital assets, virtual token earnings and the development of virtual computing, some major shortcoming of these activities is the access to security, reliable storage, and the use of outdated software to carry out prompts, commands and actions. In today’s world Cryptocurrency investors and digital asset managers are saddled with the private responsibility of keeping safe their passwords and private keys or either opting for cold and hot storage solutions which are prone to malware, unauthorized access, hacking and storage system collapse.
Companies with encrypted cold storage services like Coinbase and Xapo were at inception sought after, but recently, these groups have been characterized with the shortcomings of limited accessibility which does not satisfy most users, institutions and organizations. Other options like paper and USB (Universal Serial Bus) keys are not any better as they haven’t met the needs of constant accessibility and security. Due to selfish interest of smart thieves and by-passed protocols abuse of these storage services, likewise computing devices have been mishandled, damaged and stolen.

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Hacking activities

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In developed nations of the world, hacking activities (a modernized form of online theft and privacy interference) according to statistics is a bit on the high side as illegal bright minds, youngsters, college rookies, nerds, and IT specialists turned villain hackers have adopted hacking into their lifestyle and are constantly making huge fortunes out of it by siphoning data, manipulating records, hacking into the data base of banks, companies, renowned firms and organizations that make use of digitized storage and computing services. This automatically awakens one’s consciousness to the fact that the traditional digital asset storage industry can be comprised any day and at any time. Hackers can tap into the data base of organizations on the comfort of their beds. With the externalities and interferences of these hacking activities, mismanagement of data, inaccessibility to data storage as at when due, this has necessitated the need for a safe and secure data storage platform that cannot be compromised.

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What is GOLDILOCK?

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GOLDILOCK is a viable, scalable, and secure crypto based key custody solution for both individuals and institutions, granting them the leverage to safe keep their keys. GOLDILOCK is a revolutionized data storage system that is built on an eco system to secure cryptocurrencies and digital assets for individuals, firms and organizations. [ GOLDILOCK is already active, with an already functioning platform launched in the second quarter of this year; it has helped in achieving remote physical disconnection of data from the internet.

Here is a video to explain further

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What GOLDILOCK offers?

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GOLDILOCK offers safe key custody that enables institutions to adopt crypto investments in their transactions. The major limitations of companies have always been the inaccessibility to key custody nursing the fear of exploitation and looting by externalities. But with GOLDILOCK the solution to such a problem is actualized. Cryptocurrency investors and digital asset managers are guaranteed the security they have always desired because GOLDILOCK offers multi-factor authentications, biometrics regressive technology triggers and cryptography in order to transfer the burden and cumbersome related intricacies associated with keeping wallets secure away from individual investors to GOLDILOCK physically segregated platform.

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Accessibility

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GOLDILOCK provides uninterrupted accessibility to users through a dynamic offline data procedure that comes online when it is needed and goes offline when it is not at anywhere and anytime. Going offline limits the access of hacking activities as most of these acts are perpetrated through constant online data storage. This has helped institutions seeking significant security upgrades for their users' most sensitive digital assets by taking them fully offline when not in use and providing access to those assets at a moment's notice.
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Blockchain Adoption and Adaptability to multiple economical sectors

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GOLDILOCK technology enables the application of blockchain as it enhances private key custody which is pivotal to all decentralized transactions. This also cuts across traditional internet environments by providing utmost security to data which is applicable to the storage of health records, bank account information, personal credit information and likewise vulnerable digital assets that are perpetually prone to looting, siphoning and hacking activities.

Imagine having to access and adopt a vast range of sectors of the economy like health, finance, cryptography, trading, virtual token management and so on due to the leverge of safe and secured key solutions that can be personalized by individuals as institutional users. This cuts back on the the excesses of contracting storage of personal data to third party agents and storage companies who are prone to error, data mismanagement and mishandling.

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Use Cases

Riley Bradford (fictional character)

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is a U.S based crypto financial investor who runs an office of the sale of virtual tokens from his home through his internet powered PC (Personal Computer). Through these transactions, Riley has made quite a fortune for himself by amassing quite a reasonable volume of virtual tokens with the intent of exchanging them for fiat currency when the digital market is viable. After a couple of months, Riley’s PC gets hacked by the formidable online hacking Trojan called Dark Web. In no time, Riley’s virtual tokens have been wiped to a clean slate leaving him with the alternate fiat money he saved in the bank at the beginning of the year which is approximately $150. At the time Riley got hacked, if he had sold his virtual tokens at the digital market he would earn over 100 times the amount he has in his bank account. This leaves him devastated. GOLDILOCK is introduced to Riley through his Indian friend Aryan who is also a crypto financial investor. Riley acknowledges his losses, gets back on his feet, secures his Cryptocurrency wallet with GOLDILOCK and wears an ever smiling face since then.

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GOLDILOCK and its dynamism

GOLDILOCK is developed and fully equipped such that it renders safe key and data storage services to both institutions and individuals who are in cogent need of outstanding and reliable security for the digital assets and virtual tokens in their possession.

This gives them a rest assured platform void of compromise and inaccessibility as at when due.

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The three core premises of GOLDILOCK

  • That users need access to their personal data quickly, but occasionally and for short periods of time. Otherwise, online data is more useful to hackers than rightful owners

  • That personal data (including private keys) must be isolated, secured from physical contact and related human error, and fully backed up.

  • That personal data and private keys must be quickly accessible when needed.

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With Golidlock’s patent-pending technology it grants access to private key custody and personal storage, also promoting constant accessibility by delivering the following:

  • Physical airgap disconnection from electronic networks

  • Dedicated per-user hardware for processing storage of encrypted data

  • Regressive connectivity and signal processing

  • Biometric gateways

  • Device recognition

  • Personal generated codes

  • Scalable physically-segregated connectivity solutions

  • Two-Factor Authentication

  • Optional multi-signature security

  • Secured physical vaults

  • Multisite encrypted data backup

  • Secure dashboards and live reporting on access and usage

  • Fully-insured third-party guarantees for the extraction and delivery of data to owners on demand or in the case of business disruption

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Conclusion

  • GOLDILOCK will aid unlimited access to secure data personalized to institutions and individual users. This will aid the mass adoption of cryptocurrency and cryptocurrencies based financial investments among many institutions as accessibility has been the major hindrance.

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  • GOLDILOCK will aid offline and online accessibility to data which gives exclusive right to be dictated by the user at anywhere and anytime.

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  • GOLDILOCK will curb the multiple hazards of hacking by ensuring secure and scalable key cryptocurrencies based custody to individuals and institutions.

  • GOLDILOCK like most modern computing platforms will enhance virtuality, aid decentralisation through cryptocurrencies based blockchain encryption technology which is uttermostly secure.

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  • GOLDILOCK will put an end to the excesses of plausible middle men and third party storage shortcomings by granting personalized features as access to control. This will limit the interference of third party agency or consultation upon the security of data.

Our Team

Tony Hasek CO-FOUNDER

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https://www.linkedin.com/in/anthonyhasek/
An experienced company builder with a history of predicting market changes, envisioning needs, and building solutions to address them or pivoting companies to survive them. In his career Tony has raised over $15m in capital for various ventures from leading VC firms. Tony founded, scaled and exited one of the largest Apple Dealerships in Europe and opened the first Authorized Apple Store East of Germany, founding software, app development and e-services companies along the way. He went on to build an award-winning OTT/VOD solution and secure clients worldwide. In 2016, he began working with Blockchain projects and was tasked with educating leading Financial institutions about leveraging gold and distributed ledger on behalf of Goldmoney Inc (TSX:XAU).

Brett Miller CHIEF TECHNOLOGY OFFICER

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https://www.linkedin.com/in/brett-miller-0045265/ Brett has held senior leadership positions in industries focusing on security, scale, and reliability. At EMC, a leading cloud storage technology company now part of DELL, Brett lead a global team of software and systems engineers in delivering storage products and solutions. Brett also boasts robust expertise in robotics, having led the engineering team for iRobot’s Government and Industrial division (now operating as Endeavor Robotics), providing military-grade robots to US Department of Defense and several foreign Ministries of Defense. Brett was most recently Senior Vice President of Engineering at HighRoads, a SaaS service offering that caters to Healthcare Insurance IT to modernize benefit product and plan management.

Jarrod Epps CO-FOUNDER & CEO

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https://www.linkedin.com/in/jarrodepps/ A successful serial entrepreneur, Jarrod has raised over $40 million for projects in technology and real estate and has engineered multiple exits in his career. After the successful sell-off of his corporate services firm, Jarrod partnered to build Connect2 Development, launching and growing a software development and IT outsourcing capability across Central Europe, which built a SAAS-based recruitment system later acquired from them by DHL. He has since launched and exited ventures in regulated gaming and eSports. Jarrod has been investing in cryptocurrencies since 2016 and has been active in blockchain communities since that time.

Juraj Vitko SENIOR ARCHITECT

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https://github.com/youurayy
Juraj has been a passionate and dedicated full-stack developer for over 20 years. He most recently worked for Crypto Facilities, where he architected and implemented a Cryptocurrency Financial Index computation. While working for cryptography group Vault12, Juraj developed an Ops Engine where algorithms are specified in highly reusable operational instructions. Prior to this work, he built a web engine to facilitate payment processing in Bitcoin, Litecoin, Dogecoin, and Ripple for Snapcard, a blockchain and ledger pioneer.

Matty Ayers ART DIRECTOR

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http://www.avitalfew.com https://www.instagram.com/avitalfew/ Matty - the founder of A Vital Few - is an art director that questions every piece of the puzzle and tries to whittle it down to no rational alternative. As an agency owner, VC backed product studio lead, and national brand Digital Director, Matty has worked with many international brands including Audi, Southern Living, Time Inc, Chevy, NFL, Sherwin-Williams, BMW and Walmart.

Joel Garcia BLOCKCHAIN EXPERT

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https://www.linkedin.com/in/joelgarcia/ Joel has taken part in a number of ICO and Post-ICO projects including Aphelion, Coupit, and the Pareto Network. He’s an innovative, hands-on executive with a proven record of designing and developing Blockchain, ICOs, Big Data, Software-as-a-Service (SaaS), Mobile, and Desktop Application that must drive revenue. His experience ranges from building teams for a startup that became the top IPO of the year to product delivery at a large, mature software company. Joel holds a BA in Mathematics from Carleton Colle

Nat Carruthers USER DESIGN DIRECTOR

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http://www.avitalfew.com https://www.instagram.com/avitalfew/ Nat - Partner in A Vital Few - is an industrial designer that focuses on human centered design and user interactions distilling each concept to its simplest form. Nat has lead multi-discplinary teams to launch some of the most innovative human centered data and product platforms today. Having done industrial, user journey product development and manufacturing for 9 of Top Fortune 100 in the last year.

Andres Jaramillo SENIOR BLOCKCHAIN DEVELOPER

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https://github.com/jandresjc Andres has lead a number of ICOs including Aphelion, Coupit and NurseToken. As a Software & Blockchain Engineer, Andres brings over 12 years of experience in building enterprise platforms and two years in Blockchain products. Andres currently focuses on middleware and smart contracts deployed on the Ethereum and NEO blockchain. He has a Bachelor’s degree in Software Engineering and a passion for innovative technology that pushes solutions implementation to the next level.

Mike (Carlos) Alvarez BLOCKCHAIN DEVELOPER

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https://github.com/mike-maws Mike is a Senior Full Stack Engineer who has been working on a number of projects for a veritable cornucopia of companies over the last 10 years. Mike has spent the last two years leading Blockchain development projects. Mike also excels in design, development, and brings his enthusiasm to delivery of large scale projects.and smart contracts deployed on the Ethereum and NEO blockchain. He has a Bachelor’s degree in Software Engineering and a passion for innovative technology that pushes solutions implementation to the next level.

Advisors

David Pasek

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https://www.linkedin.com/in/cdave/David is one of the world’s foremost virtualization and hardware infrastructureengineers. Having owned and operated his own successful software development and consultancy company, and then holding senior engineering positions at Cisco and Dell, David is currently one of only a handful of VMWare TAM certified engineers worldwide.

Paul Wallis

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SENIOR VICE PRESIDENT DELUXE MEDIA CLOUD
https://www.linkedin.com/in/wallispaul/A Business Development and Sales Director with significant strategic management experience and creative business leadership and 20+ years continuous career progression within the Broadcast, and Display and Cloud Media Delivery Segments (including 18 years with Sony). Paul has extensive experience of leading operations in Europe, Eastern Europe, the Middle East and South America at Country Manager and Regional Head levels. Paul successfully identifies new market opportunities and engineers relationship to achieve profitable outcomes; at all times combining high levels of commercial acumen with advanced technical under-standing of customer needs.

Don Olechowski

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https://www.linkedin.com/in/donolechowski/With degrees from Royal Military College and MIT, Don is one of the most senior engineering managers at Tesla having built and run the engineering and support teams doing the low and high voltage electrical harnesses for all of Tesla’s vehicles. Don is a seasoned executive with broad-based understanding of automotive and aerospace engineering and engineered materials manufacturing. He is an expert in setting and managing customer-focused expectations and building value in companies ranging in size from 50 people commercializ-ing product to 250 people in a turnaround or new acquisition situation.

For further understanding and comprehension, watch this demo video made by me

For more information and resources, kindly check out the following:

Goldilock Website

Goldilock WhitePaper

Goldilock Tokenomics

You can also participate in this contest, follow this link:

https://steemit.com/crypto/@originalworks/810-steem-sponsored-writing-contest-goldilock

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