In this cryptocurrency world, Password and Private keys of wallets are protected by many inefficient security measures, security is the major reason aside storage of tokens or assets why the institutions have been creeping in the adoption of crypto investment.
Tony Hayek, who is an experienced company builder with the outstanding history of predicting changes in the cryptocurrency market and also an expert in finding proffered solutions which could be of central importance or function to major and minor companies.
Now, being one of the people who established one of the largest Apple dealership in Europe, he saw the problem of the society and went ahead into the Blockchain industry, working relentlessly on a project where new commitment are laid on educating financial institutions about the influence or effectiveness of gold and how it can be secured.
Cryptocurrency Security And Mass Adoption
Just as or lives need security, so it is with our data or assets, we don't feel happy when an hack or misuse of exchange or funds occurs, that's why the government as adopted the sensitivity of data making strict regulations to give the best data protection security which makes Goldilock being necessary to protect Data at almost any price.
Solutions of Goldilock for Consumers
Private Key Custody
For each consumers of Goldilock, There is an offline storage device, which is encrypted and not connected physically to the internet in a Goldilock, until the user decides to access it. The Goldilock comprising the encrypted storage device is stored in a vault inside a safe data center.
Through a web login which is secure, there is an online access of the storage device, after which the storage device have been remotely mounted, which is achieved through a permitted non-IP command by the consumer over the Public Switch Telephony Network (PSTN).
The device is then disconnected from the internet after all transaction is completed. The data and keys stored on the users encrypted storage device cannot be accessed by Goldilock.
Solutions of Goldilock for Institutions
Cryptocurrency Exchanges
Last year alone, cryptocurrency exchanges that are public centralized recorded billions of dollars of cryptocurrency that was stolen, due to their sole dependent on relatively recent method of security.
Goldilock, however, offers an online-on-demand environment for exchange of cryptocurrency to rely on, which helps to hasten the processing of transactions and makes it quite possible for periods of peak traffic to be handled efficiently, during the unavoidable runs of the market.
Online/Hot Wallet Operators
The operators of hot wallet and providers of custodial services are given total freedom by Goldilock to take full advantage of their airgap custody solution, which is remotely automated. Goldilock depend on the flow of encrypted information, which then route request through Goldilock user devices for various individual, whether the clients chooses an outsourced service model or an in-house proprietary license, since they have no access to the data of clients.
Hardware/Coldwallet Operators
A solution of cold wallet can be fully included into the system of Goldilock, such that, existing technologies can be efficiently improved upon by the operators of cold wallet, just by taking full advantage of Goldilock. Operators are then granted the freedom to securely and remotely access solutions without hesitating.
The benefits of combining the best of cold and hot storage is to get a secure cryptocurrency and digital file storage which cannot be hacked, and can easily be accessed anytime at anywhere.
Data Storage and Digital Access Security
The enablement of data warehousing operators, operators of data centers, government entities, as well as document storage to create Goldilock instances for their users, is because they are very suitable to assist both platforms-as-a-service and on-premises deployment models.
Thus, Banks, insurance companies, and other institutions can benefit from integrating Goldilock technology to their existing systems, because, Goldilock provides access to storage when they are needed or required for records of financial, legal and health informations that are crucial to clients, which is carried out by simply creating Goldilockinstances for their users.
Goldilock Establishment of a Standard Security at Low Price
The price of securing cryptocurrency and digital assets might look expensive. But, believe me, when compared to the billions of dollars lost due to inefficient security, then you would agree with me that the Goldilock solutions is indispensable at almost any price.
Goldilock is effortfully determined to be available as an integral solution to achieving compliance for the standard security, for the future licensing of digital custodial services, cryptocurrency exchanges and other personal data processors, that become requirements from governments and insurance companies.
The impact which improved cryptocurrency security and access have on mass adoption is that, it has led to an explosion of new capital formation, which has gone faster than the capital market of the venture and seed.
Why You Should Trust Goldilock - Their security System and How it Works
The security suite of Goldilock is very much dependent on patent-pending airgap security solution which is activated remotely and controlled by users for the storage of private digital asset and safety of cryptocurrency keys.
The Goldilock security suite includes:
- The Goldilock wallet for investors of cryptocurrency;
- Integrations through the Goldilock API required by institutions to store information's that are sensitive;
- Colocations required for the use of institutions to control their servers directly; and
. On-premises deployment option needed for institutional or personal uses at home.
Features of Goldilock Applications Optimized for Security and Trust
Goldilock Wallet for Cryptocurrency
NEO being the safest cryptocurrency on the market, its token, along with the tokens of NEP-5 and GAS, can easily be stored and transacted using Goldilock wallet. The wallet will run inside a web browser authenticated over SSL.
Goldilock API Services
Some institutions already have wallet solutions, but they need improvements for the security of their solutions. As a result, They can make use of Goldilock patent-pending solution for their solutions just by using the API services of Goldilock.
Goldilock Opt for NEO as Their Platform of Choice Because NEO Provides the Following Features
For the Purpose of Regulatory Compliance
NEO have the ability to issue and make confirmation of digital identities, with the use of the public key infrastructure [PKI] X.509 standard for identity. It help institutions to audit digital assets and transactions.
It makes use of higher Consensus Mechanism
Goldilock also choose NEO because it is applied as an advancement to the consensus mechanism of the proof of stake (e.g NXT) and proof of work (e.g bitcoin), referred to as "Delegated Byzantine Fault Tolerance" (dBFT).
Transactions are processed even faster
The consensus mechanism of NEO makes it quite possible for blockchain to operate in surplus of ten thousands transactions per seconds without the cost of transaction.
Some Use Cases
Crypto Related
A friend of Samuel, unknowingly threw out his hard drive, which contained his private cryptocurrency (i.e bitcoin, etherium and others)
keys and passwords of assets worth millions of dollars. Samuel was afraid that, the same thing might happen to him someday, and he kept worrying about how to avoid himself from experiencing such misfortune.
Thanks to an article on steemit, where Samuel got to know about Goldilock. He was at ease when he realised he can store relevant keys and passwords with Goldilock and access it anytime he needs it , without the fear of loosing his hard drive or private keys.
Non-Crypto Related
The security of the digital data of an institution was hacked and billions of dollars was stolen during the process. Due to this, the institution began the search for a more secure type of storage for their data to avoid a reoccurrence, and in no time, they came across Goldilock. The institution immediately implemented Goldilock. They can now be rest assured that their data cannot be hacked anymore, since it is no more online.
Why Goldilock is Superior to Others
- The security of offline data is used in combination with the ease of online accessibility with Goldilock
- Goldilock is always offline when you don't need it and would be online only when you need it.
- With Goldilock, your information such as your digital private keys and passwords, would be available anytime from anywhere.
- The solution of Goldilock is indispensable almost at any price.
- With Goldilock, you are free from the evil deeds of hackers.
The Goldilock Wallet & API Services
The Wallet is being developed first by the Goldilock team so NEO, GAS and NEP-5 tokens can be stored and used in transactions.
Wallet Security features:
• Wallet keys inside a disconnected but unique, encrypted hardware wallet device
• Uses PIN/Voice verification and Non-IP commands over a Non-IP Public Switch Telephony Network
• Auto disconnection from the internet upon closing the Goldilock Wallet
• Individual or unique URL wallet assigned to each Wallet.
• Two-Factor authentication.
The API Services will be developed next for developers to use Goldilock as an added security feature. It can be used by private institutions with centralized applications, existing wallet providers, dApps, etc.
The LOCK Token
The services of Goldilock, such as, accessing the Goldilock wallet; providing users with the history of their node activity; and others will be powered using a utility token called LOCK token.
Image Source: Whitepaper, Page 10
LOCK will be used as a payment method for various users to subscribe to the services of Goldilock wallet. The LOCK token of Goldilock will first be registered on the NEO blockchain, with others coming into place at a later or suceeding time.
Token Allocation
A total supply of 1 billion LOCK tokens will be mint on the NEO blockchain by Goldilock as a part of contract deployment.
Goldilock Roadmap
2017
☑ November: Goldilock patent filed
2018
☑ Q1: Technical Proof-of-Concept Delivered
☑ Q2: Closed First Institutional Client Agreements
☑ Q2 2018: Release of Goldilock Wallet for NEO and NEP-5 Cryptocurrency to presale participants
☑ July 2018: LOCK Token Sale
• Q3 2018: Release of Goldilock Wallet for Cryptocurrency to all token holders
• Q4 2018: Launch of Goldilock for Digital Assets
• Q1 2019: Release of Goldilock API Services
2019
• Q1 2019: Release of Goldilock API Services
• Q1 2019: Launch of institutional services
• Q2 2019: Direct Device manufacturing kickoff for cost and size reduction
This means, the Goldilock Wallet will be made first, followed by the Goldilock API services.
Meet the Team of Goldilock
Meet the Advisors of Goldilock
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