SECURYPTO - Monetizing Blockchain Based Anonymous Encrypted Data Storage & Transfer.
INTRODUCTION
Internet and growing technologies have revolutionized almost every field in the world by providing ease of communication, by storage of large information data base, by providing access to global opportunities etc. Although internet and technology has overall made life easier but has made things a lot less private and secure. Also, it's hard to overstate the importance of encryption as well as anonymity.
Encryption is the process of converting your private and sensitive data into codes using algorithm to protect it from being read and accessed by any unauthorized person. There are primarily two types of encryption namely symmetric-key encryption (private key encryption) and asymmetric-key encryption (public key encryption). Encryption protects
your data, passwords, privacy, conversations and other details. Encryption plays a vital role in cryptography Only the private key holder can decrypt the messages. The cryptographic private key needed to decrypt the messages is stored exclusively on the endpoints. Thus, even the sender of the message cannot decrypt the data once it has been encrypted.
Therefore, Securypto project endeavors to provide next level privacy and security and make internet a much safer place by monetizing anonymous content distribution and by providing a secure, transparent and trustless system using blockchain technology.
ABOUT THE PLATFORM
Securypto is a Zerocoin, Masternode based blockchain project focused on anonymous storage & transferring of encrypted data.
A market agitation technology by:
• Monetizing anonymous content distribution which also gives scope for new emerging
market.
•Transfer or storing of untraceable encrypted messages & files across the internet.
• Linking to open source hardware wallet for an extra security layer.
And all achieved by a combination of specially designed:
• Dedicated hardware.
• Software.
• Blockchain.
The following 3 unique key combinations (Software, dedicated hardware and lockchain)
opens a wide and various door of opportunity to solve many internet related issues and
at the same time add a secure, anonymous and privacy layer on the top of it.
Many innovations and betterment in products and services are being made nowadays by combining different technologies to form a single complex working module. In the past years, mixing or blending of different technologies has led to creation of many long lasting and disruptive products. People are combining existing and new emerging
technologies to get an innovative outcome which is more advanced as compared to any previous existing version (if any).
Even individual technologies are disruptive and innovative, but value proposition and disruption they offer often tend to increase significantly when combined with a preexisting or a new emerging technology. For example, Artificial Intelligence has been around for a long time and its disruptive potential has been widely discussed but no solid implementation was done unless emergence of Cloud, Big Data technologies, and low-cost compute. Now, Artificial Intelligence is a key component to any enterprise strategy.
WHY SECURYPTO?
Blockchain and many more leading technology products were built by bringing together various technologies and innovations together to create significant gains in value as well as its applicability. Traffic monitoring and control in smart cities is made much more convenient by combining computer vision, machine learning, 5G and cloud. Even in crypto world, combination of blockchain and smart contracts has produced a disruptive outcome. Two or more disruptive technologies when used in right combination can work as a charm for any new business module or product.
Here, we plan on taking the security and privacy to the next level by combining software, hardware (DigiSafeGuard) and blockchain for the first time. Use of blockchain technology ensures that our system is transparent, trustless and most of all secure. Securypto and DigiSafeGuard leverage one another to enhance their collective value. DigiSafeGuard (DSG) is surely the most secure product as Securypto software blends perfectly with it and provides unmatched privacy and security.
Key features of combining Securypto (software) with DigiSafeGuard (hardware) are:
- Decrypting is processed on DigiSafeGuard which is secured unlike any other smartphone or computer.
- Users can use the device (DigiSafeGuard) keyboard to enter the password phrase which is also secured unlike any other smartphone or PC.
- DSG is an offline device and hence, hackers can't simply gain access to a device that has no connection to outside world.
- DSG has a military grade cryptography based on AES encryption.
- Being open source, there is no scope for any backdoor.
ADVANTAGES OF THE HARDWARE (DigiSafeGurad)
• Securely store and spend your digital assets like Bitcoin etc. using DSG device which will act as a hardware wallet.
• Securely send and receive messages and files using any open and insecure channel like WhatsApp, Telegram or email.
• Login securely to online services like Gmail, Facebook, Twitter, banks etc.
• Keep all your accounts and login credentials protected and encrypted on your DigiSafeGuard device.
• Encrypt any sensitive file or directory and keep them safe and secure.
• Easy to use for everyone, even if you don't understand how encryption works.
• Users can use any insecure channel, even a compromised PC or Smartphone as every byte leaving DSG device will already be encrypted.
• Users don't need to trust any third-party, not even the Securypto team to secure their cryptocurrency assets, as they can use any random/ widely available services to create unsigned transaction for spending their cryptocurrencies and let the DigiSafeGuard sign the transaction.
• Users can use any publicly available crypto software to decrypt their files and messages as we use well known and documented public AES encryption protocol.
OVERVIEW
Securypto is not just a gimmick, giving a sense of security, but designed by death or alive thoughts premise, here are some use cases of this unique platform hardware (DigiSafeGuard):
• Anonymous Encrypted Messaging.
• Anonymous Encrypted File transfer.
• Hardware wallet.
• 2FA & Login management.
• Standalone Data Encryption device.
• Hardware Data vault.
Next important thing which is again unique about DSG is the "data transfer method" which eliminates any gain from building backdoors or other hidden vulnerabilities. This means that even if we are asked to build a backdoor, it would be useless (See the communication section for more detailed info.). Sending a secure message will be achieved by the following sequences:
- When using DSG for the first time, user will setup the device by creating a new RSA phrase enabled key pair.
- Public key can be published online or sent to anyone that would like to send you messages.
- User type's his/her message on the DSG device and message will get encrypted using the RSA private key. As all this are done on a device without any connection to the outside world, there is no scope for being comprised remotely.
- DSG creates QR code from the encrypted data which can now be sent using any unsecured channel like WhatsApp, Telegram, email etc.
- Receiver scans the QR code which again happens on the DSG device having no connection to the outside world and can decrypt the message knowing that the message hasn't been (couldn't be) read on its way by anybody.
NOTE: What is RSA? RSA key is needed to encryQt and decrypt data, refer Wikipedia for detailed technical information.
ECOSYSTEM
Securypto blockchain is what adds a privacy layer on the top of all the features offered by the dedicated hardware (DSG) and the software. At the same time, it creates a Paid-Content-Management which enables the users to get rewarded for their uploaded content and the hosts to get paid for their hosting facilities.
Securypto Coin "SCU" empowers transferring of large anonymous encrypted data and monetizing content distribution at the same time.
Securypto blockchain is built as a proxy connecting masternodes to external hosting facilities.
Masternodes get paid by the uploaders. So, there will be an emerging market for hosting of the encrypted files and messages.
• Content uploaders can choose to get paid by the downloads, therefore an emerging market for uploading new content to the network will develop.
• Masternodes include the file location and receiver's public key on to the blockchain using an onion-based protocol like TOR network.
• There will be no link between the sender & the receiver of messages or files.
• Thanks to AES encryption, only the targeted receiver can read the files.
• Sender & Receiver can exchange keys without compromising their privacy. Full anonymity is finally here.
Securypto blockchain is based on "POS" and every node will also function as a gateway to hosting facilities. This way users using small devices such as a Smartphone won't need to run any full nodes. Full Nodes are ideally a VPS server having a 99% uptime and fast connections. Nodes use their own internal or other external storages. For example, connecting to Sia network or use IPFS for files storage. We will call them "Hostnodes".
TOKEN SALES & DISTRIBUTION
SCU is a utility coin/token which is required to transfer encrypted data anonymously on securypto blockchain platform and monetize content distribution. SCU is an ERC-20 token based on smart contracts. Upon switching from TestNet to MainNet, SCU tokens will be swapped for SCU coins on Securypto MainNet Blockchain. Total supply of SCU tokens is one hundred million (100,000,000).
TOKEN ALLOCATION
- Marketing 30%
- Blockchain Development 25%
- DSG Development 17%
- Legal 10%
- Reserves 10%
- Bounty Hunters 5%
- ICO Team 3%
ROADMAP
TEAM
Securypto is not just about getting a couple of great developers together and start writing codes, but derives her strength from a diverse team of professional individuals with different skills on many subjects comming together to turn a great concept to a world changing project. At Securypto we believe that the marketing crew or the hardware engineers are as important as our blockchain developers or security experts and one can’t succeed without another.
CONCLUSION
We use blockchain technology to ensure that our platform is trustless, secure and transparent. Securypto is launching a native currency token (SCU) which will enable users to pay or get paid for downloaded or uploaded content respectively and will empower transferring of large encrypted data anonymously as well as monetizing content distribution at the same time.
Also, most importantly securypto is open source software which enables it to be redistributed and modified by the users.
For more information concerning the platform or you might want to ask questions or contribute , kindly click on the social links provided below:
WEBSITE: https://www.securypto.io/
FACEBOOK: https://www.facebook.com/pg/securypto/
ANN: https://bitcointalk.org/index.php?topic=5055447
TWITTER: https://twitter.com/Securypto
REDDIT: https://www.reddit.com/r/Securypto/
TELEGRAM: https://t.me/securypto
WHITEPAPER: https://www.securypto.io/whitepaper-securypto.pdf
Authored By: misteroladipo
BitcoinTalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1781078