What is Goldilock - My entry for the @originalworks contest

blackpanda2020 (43)in #goldilocks • 6 years ago

Just as the name implies, Goldilocks is a type of storage system, it literally saves and stores your files in a particular place and then comes up when the user wants to use it.

How does this works?
When a user wants to access their private files, Goldlilock automatically connect the device to the INTERNET thereby giving the user a limited approach through non-IP modern technology with a protected authentication stratum.

Basically, in order for Goldilock to share some core treasures that will make it absolutely perfect technology will first of all make use of the NEO platform.

Sadly, Goldilock is solely built all around the concept that - it can be hacked if it'd connected to the internet. A lot of internet fraudsters have been noticed in the past few days, most of them were hacking the cryptocurrency platform, the image below will illustrate how true this statement is.

source

In order to avert this fradulent act, Goldilock makes use of a ''physical airgap disconnection'' technique. This also connotes that as the name implies, the device that stores delicate data are physically separated from the internet!

Goldilock methods-

Personal cold storage

Goldilock uses a personal storage that offers an enormous amount of security benefits against storing your crypto coins online. With that at hand, there are some crucial challenges when it comes to misplacing your or losing the physical devices that automatically keeps your information private.

Below are some physical problems associated with the personal code storage system

Appliance can be lost/broken, thereby creating a destructive losses.
Users must be computer literate, and not illiterate
It's quite impossible for data to be accessible without physical device being present.

Centralized

A enormous amount of people up in the space are bit cognizant with the drawbacks that is connected with a centralized storage asset technique.

A new user and investor basically have no idea of how the exchange or an online wallet regularly has no or little power of how their cryptocurrency is being stored. Remember the website isn't always perfect, it could have security glitch, thereby announcing the users funds to fraudsters and hackers. There are quite a huge amount of instances in the previous history, most notable the popular Mt.Gox situation.

Nevertheless, centralized storage techniques totally removes the authority of the private keys to the custodian wallet or private keys.

Identity

Nevertheless, the Digital personal identity (DPI) calls for a high level of security. All the same, there are numerous services that demands you input your personal data before you can register, this could possibly range from KYC to signing up for an assurance method. Conventionally, some selected individuals controls the documents physically or through scanning and also an email is required before this approach is successful. As a result of this, it leaves a gigantic security space, this happens when your personal files and documents are kept online either on your mail or drive, they are literally inclined to malicious and hackers.

That's Goldilock, users will be given access to their documents on a daily basis. The data goes off line as soon as the user has finished filling it's identity verification, and makes it inaccessible for anyone to access.

Wallet

Goldilock can also be used to store cryptocurrency in a positive way that volunteers the security cold storage, and also maintaining the utility of an online wallet.

Basically, users will have the ability to hold their crypto coins with Goldilock, and the information will be kept offline until the user requests for the data. As soon as the user requests of it, the data will be temporarily connected to the Internet release to the user via non-IP trigger mechanism.

A huge insurance company in New York, WeKeepInfoOnline Corporation, has been experiencing security issues. They use the highest layers of security protocols available today, and invest million in cyber security. Even with all of this, they are in constant fear of being infiltrated, since the data they store is extremely personal for their clients and any security breach would mean the end of their prospering business.

While they kept brainstorming ideas of how to improve their online protection, a team on the engineer brought up Goldilock.

The company immediately implemented Goldilock, and changed their name to WeDontKeepInfoOnline, propelling themselves to the forefront of information security. They can now sleep easy knowing that their data is invulnerable to hackers, since it is not online in the first place!

Goldilock provides an incredibly unique storage solution hence the slogan; it is "not hot storage, not cold storage, just right storage." Storage in such a way, that sensitive digital data can finally be fully protected.