INTRODUCTION

Sensitive digital assets such as cryptocurrencies have come to stay and we, the owners of these digital assets ought to do our very best to ensure the safety and security of them all. Sadly, it turned that we were not doing things the right way for which millions of valued-digital assets have been stolen from the rightful owners, ranging from cryptocurrencies to electronic currencies to confidential medical records – this list is so massive. It could just be anything that has a storage place on the internet. But there is good news. GOLDILOCK has come with the most desired solution to securing our sensitive data and keeping them away from potential hackers.

WHAT IS GOLDILOCK?

GOLDILOCK is a blockchain-based storage system that keeps data away from the internet pending when the owner needs it

It's a smart, digital asset security platform, designed to act as remotely disconnected cold storage interface pending when the user needs access to their files. It stores and secures digital assets for both individuals and organizations.

The application of cold storage solution such as USB, bank safe etc.., though fairly secure, comes with loads of shortcomings. They are not always handy when we need them. Again, there is a great chance of losing them if any damage occurs to the respective devices. It is, therefore, not as effective as what anybody should be advised to rely on for the storage of valuable data such as cryptocurrency.

On the other hand, hot storage solution has a similar proportion of danger attached to it. The attitude of hackers keep driving potential investors away from taking part in blockchain and other internet-based investment windows because they have heard stories of how malicious people hacked people's data and stole their money. They don't want that to happen to them so they rather sit on the fence. It is a common knowledge that when your data is actively online all the time, to some degrees, it is prone to hacking.

GOLDILOCK takes advantage of both storage solutions to give the most effective storage services to their consumers.

The digital data are stored
offline in a physical device tthrough a physical airgap mechanism = cold storage system. This makes it impossible for the data to be accessed through the internet without the consent of the owner because the data stays off the internet for as long as the owner is not making use of it.

As soon as the owner wants to access their sensitive data, the physical device containing the sensitive digital data is connected to the internet again and the data becomes live on the net through a non-IP technology that is fully encrypted = hot storage solution. The owner will now need to access his files, using the required access credential.

PROFFERED SOLUTIONS

Quick access to personal files and necessary data when they are needed by respective clients.
Easy accessibility of the users' personal file and the security attacking to it which prevents hackers' intrusion.
Personal data are always kept far from the reach of hackers by detaching them from the internet when they are not in use by the owners. And at the same time, those data are also fully backed-up

I guess by now, we all know the difference between cold and hot storage systems. A hot wallet is a storage mechanism, connected to the internet. A cold wallet, on the other hand, is this kind of wallet that is not connected to the Internet. They are designed in different ways. *** A handful of people that have digital assets prefer to keep a small amount of money in their hot wallets while leaving the vast majority of their digital coins in their cold wallet as a safe measure. But when properly looked into, cold storage solutions are not the answer to a suitable key management for investor's cryptocurrencies. Equally, hot storage solutions become unsuitable when it comes to the custody of private keys and digital assets because anything connected to the Internet can be hacked.

HOW SECURITY OF DIGITAL ASSETS CAN POSETIVELY IMPACT ON MASS ADOPTION OF CRYPTOS

GOLDILOCK has effectively raised a firm security standard and this is, most likely, one attraction investors will not resist. Continued hacks of crypto exchanges, misplacement of keys and key theft have cost many millions of dollars and discouraged potential investors from taking part in the market. This is one huge problem that GOLDILOCK is determined to solve. Standard security in crypto digital assets will do a lot to encourage more people to come on board rather than leave.

Securiry issues about key custody seem to be the main reason why many individuals, institutions and countries are slow in the adoption of cryptocurrencies. But with GOLDILOCK, the security of your funds, passwords and private keys are ensured. Obviously, by raising the security standard and ensuring safety of individual wallets, Cryptos and digital assets in general will enjoy a sharp growth as more people are likely to join.

AIRGAP TECHNOLOGY/MECHANISM: SECURITY BENEFITS

Personal data are stored online via a physical airgap medium – part of the mechanism incorporated by GOLDILOCK that cannot be accessed from the Internet. Invariably, this means that users' data cannot be hacked or accessed by hackers since the airgap mechanism is not connected to the Internet. Again, issues of service denial are not heard of in this technology.

How then can I access my data/wallet?

If this is your question, here is the answer: Using a non-IP mechanism, you can activate your wallet making it accessible over the Internet for a short period of time. At the time of activation, you can securely have access to your wallet over an encrpted connection using a dedicated URL and access credentials.

It fact, it's the core benefit of GOLDILOCK to you. As a consumer, GOLDILOCK will safely enhance the safety of your vital digital assets. It does this with the use of an encrypted storage device which is stored in a vault in a secure vicinity. This storage device remains offline and disconnected physically from the Internet to avoid hacks and key theft until you seek to gain access to your data. When so, it becomes accessible online via secure Web access credentials.

It's right to conclude that the core benefit of keeping users'/investors' data offline using airgap technology is so that the data can never be accessed by hackers and criminals due to the fact that the data are not connected to the Internet.

GOLDILOCK AND NEO SMART ECONOMY

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NEO happens to be a non-profit, community-based blockchain project which utilizes blockchain technology and digital identity. The importance of utilizing digital identity here is to digitize assets, automate the management of digital assets using smart contract and also achieve a smart economy even in disturbed network.

Each user is on the lookout for a secured platform. NEO is firmly determined and committed to the development of a blockchain that is secured and safe for transaction. GOLDILOCK which prioritizes security chose neo on this premise. NEO maintains its security through the combination of smart contract, digital assets and digital identity. The following are some associated features:

REGULATORY COMPLIANCE: this feature helps large companies and institutions in the auditioning of their digital transactions and asset.
FASTER TRANSACTION PROCESSES: NEO makes use of "Delegated Byzantine Fault Tolerance" (DBFT). This very feature enables the blockchain to process series of transactions without transaction cost.
SUPERIOR CONSENSUS MECHANISM: another feature of NEO where it uses the concensus mechanisms which are the prove of work and prove of stake entitled Delegated Byzantine Fault Tolerance (DBFT).

GOLDILOCK opted for NEO, having seen it as a platform of choice on the premise that its features permit secure and efficient user transactions.

USE CASES

GOLDILOCK is positioned to render services to both individuals and institutions. This requires maximum security as investors' assets have been put under their care. Not only is GOLDILOCK up and doing in this regard, they equally provide solutions to institutions looking for security upgrades in their systems via the introduction of the airgap mechanism.

NOTE: GOLDILOCK HAS NO ACCESS TO THE DATA STORED ON THE CLIENT'S ENCRYPTED STORAGE INTERFACE.

GOLDILOCK TOKEN

GOLDILOCK has smart media token called LOCK. It is aimed to be registered on an NEP-5 asset on the NEO blockchain. User will need to purchase LOCK to effectively make of the platform.

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