Meet “GOLDILOCK”- a present help in dire times of data security crisis

dharmmy007 (26)in #steemjet • 6 years ago (edited)

INTRODUCTION
Looking back from the invention of the goldilocks technology, there has been an unarguable increase in its adoption both far and wide from all walks of the society; the reason is not farfetched-it has stemmed from the decentralization and high degree of fidelity which goldilocks has contributed to the world of data security. However, there are lots of people with great intentions as to contributing their quota which could have greatly taken this platform to the next level, but they couldn’t stand in the face of challenges being encountered, hence making them lose interest and sadly quit.
In this publication, a platform with the aim of making personal data storage more secure without sacrificing its data accessibility , benefits, features and various ways by which it has added value to the society and the word of cyber and data security and accessibility are discussed in simplicity.

Current challenges of the data storage security and accessibility
It is not taken as a hoax, but a generalized belief that whatever is built around the internet can be hacked or compromised. It is not far-fetched; the critical and most fearsome bane of data storage documentation and storage are its securities, accessibilities and back-up options. There are hand full of services that require personal data to register, commonly, people are known to submit these required documents physically or email them. This act do not only leave wide security gap, but it also opens up a risk of malicious attack or hack. Obviously, the advent of the block chain technology does not boast of having a safe back-up for identity keys stolen, as losing your key simply means your identity stands a risk of being stolen. Challenges such as risk of misplacement, hack, sudden collapse of wallets has plagued both institutions and individuals due to various means of storage that has inevitably created a gap that has brought about financial losses and insecurity. This beyond doubt has brought about vast loss of interest in people who are willing to invest in financial organizations and crypto currencies.
Also, the various means of storage are not left out as they come with their own demerits as regard data storage and security issues. The types of storage are the cold storage and hot storage.
The cold storage include the personal USB drives, Trezor, Xapo, ledger wallets and some other means of storage, nevertheless offers vast means of data security, but has been faulted when it comes to issues pertaining to damage or loss of physical devices in which personal/private information is stored. Highlighted below are the various drawback or limitations to the cold means of storage:
This means of storage is not compatible with mass adoption
It stands a risk of immeasurable losses when it comes to misplacement of devices
Inaccessibility of data whenever the storage device is not within reach or present.
This means of storage is not useable by financial firms, as hundreds of billions of dollars can be lost where security is concerned.

The hot storage includes cloud storages, online wallets, exchanges amidst many others, but even with the hot storage, it has not been declared safe from attacks, which are unforgiving in their acts. Websites which have been flawed, however little, stands a risk of exposure to user funds hacks, notable among such cases of hacks is that of Mt.Gox and Coincheck where several millions of dollars were lost.

A dawn of a new beginning Screenshot_20180807-185308~2.png
Not only would the advent of Goldilock be a savior in this dire times where data insecurity rampages like a wild raging inferno, but would also help solve the aforementioned problems and build trust and investors’ confidence as regards putting their money into crypto currencies with their two eyes closed.

Goldilock

Goldilock is a security platform built around a central focus that whatever is built around the internet can be hacked and therefore provides a means of circumventing this critical drawback by ensuring the at data, information and finances are safely and securely stored.
Goldilock is equipped with various tools that ensures the efficacy of its claim, these tools are discussed below:
Wallet
The advent of Goldilock has created a way by which users can hold their cryptocurrencies offline until they so desire for their encrypted node to be made to go online, making use of an analogue command off the internet which makes them able to access their stored data via the internet after scaling through bank security clearances. It is important to note that the private key is always retained with the individual node, making it impossible to be stolen or compromised.

Voting Machines
One more feather to the hat of Goldilock is the application of its system to another crucial aspect of the society. Goldilock comes in by reducing drastically the amount of time spent online in the voting process by making use of a vaulted encrypted node which stores votes casted, allowing the machines to have a special back up which is entirely pulled off and away from the internet thereby ruling off any incidence of hack or manipulations.

Goldilock Lock token
Goldilock services are made accessible via a utility token. With the possession of the LOCK, individuals are able to log on to their Goldilock wallet via (https://www.goldilock.com/). On attempt to log in, a query is made to the NEO Public block chain to verify the key address against a LOCK token. If verified, access is granted to the user. In the process of bringing your special private key online, audit entries ensure that your accesses are written to an unalterable storage, allowing user data to be locked away from everyone, and everyone indeed!

           Mass adoption or mass rejection; a question of cryptocurrency security and accessibility

In recent times, the issue of sensitivity to security, be it personal records of individuals, health related matters, even down to financial records, whatever it may be, is fast becoming a thing of concern as people are becoming conscious of how their data are stored. This can either endear their hearts towards the system in use or completely put them off from the whole system as a whole, all is dependent on the kind of system being used. An impregnable system would not only encourage more involvement and investment in cryptocurrency, but would go a long way in earning people’s trust as it has been gathered that quite a handful of people abstain from crypto currencies because of the fear or risk of losing money in such investment.
Goldilock in its magnanimity has showed up to put a lasting end to the various downside that might have been a major reason for which people have withdrawn from engaging in crypto currencies, for the fear of financial insecurities amidst many other considerations that might have arose from distrust and unscrupulous loss of data. This undoubtedly would encourage mass adoption thereby exposing investors to various opportunities which the crypto world has to offer.
Security benefits of keeping an offline system
Goldilock is an evolved security system that acts by remotely keeping cold storage remote until the need for access of the stored data arises. Screenshot_20180807-184849~2.png An individual is able to access stored data online by means of a unique non-internet command, as with using various bank security clearance systems for sensitive data. Upon completion of individual’s access to the data or completion of a transaction, the node returns to the default system whereby data are secured away from the internet. This means is referred to as the air gap environment. This system being adopted by Goldilockwas born out of concerns as regards insecurities which have been of concerns these past few years, as there have been lots of cases of data breach all across different sectors; reiterating the fact that no sector is safe from attacks.

 NEO platform, an unarguable choice for the [Goldilock](https://www.goldilock.com) system
  NEO, is a special nonprofit oriented block chain system that make use of the blockchain technology to achieve:

digitalization of assets
Automation of managements of digital assets by means of smart contracts
Realization of a “smart economy” by means of a distributed network

Incidentally, the core principles which the NEO platform holds dear are quite aligned with that which serves as the basic premise on which the Goldilock system is founded. This align of principles coupled with the various features which has distinguished the NEO platform from others, have therefore led to the choice of NEO as the platform which is widely and generally accepted by the Goldilock system. Below are the distinguishing features of the NEO platform:

Aims for Regulatory compliance
Makes use of a Superior consensus mechanism
Processes transaction faster

Summary & conclusion
In recent times, both individuals and corporate organizations have been haunted by series of cases of data loss, insecurity of both online and offline data, and lots of hack on financial valuables has made a lot of people to be discouraged from involvement in cryptocurrencies. However, the timely rescue of Goldilock would help circumvent this challenge by putting people’s mind at ease with regards to the safety of their valuables.
A wide adoption of this system will cause a revolution in the world of data security and storage processes, which will indirectly improve the acceptance of cryptocurrencies. Without much ardo, GOLDILOCK is the real deal!!!