Introduction

Over there years the business world have been plagued with the problem of insecurity and this has affected the economy greatly by hindering the growth companies and independent individuals .
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The introduction of cryptocurrency amongst other features had the aim releaving the business world of the insecurity encountered while making transactions with fiat currencies but it has even turn out to be the major target for scammers and it's attack has been so rampant. This attack has hindered the business world from harnessing the numerous advantage of the crypto-epayment exchange system
[source](pixabay images)

The two sided barrier

In the midst of this challenges, business operators with sensitive and valuable asset along side with crypto-investors are faced with to solution approache's to choose from that is a personal hand held hand held hardware cold storage solution which is liable to be stolen, hacked, misplaced or even destroy and On the Hand, the are presented with the option of an onIne hot wallet which is prone to hacking, denial of service and worst of all custodial collapse.

The risk of Cold storage :

There are so many risk factors accompanying the traditional cold storage system such as damage and lose of paper or USB containing any useful data. Irrespective of this factors some platforms such as Xapo or Coinbase Still uses encrypted cold storage service but the issue still lies that it has extremely limited accessibility which will not be able to address most institutional custodian needs. Sometimes individuals or institution who are not into trading may choose store their encrypted key in an inaccessible bank vault but I still say that it has some limitations such as the individual not being able to gain quick access to the USB and this process may take days.

the risk is hot storage :

the problem associated with hit storage solutions over the years have proven to be so obvious, when talking about hot storage system that first security threat that comes to mind is is hacks and yes hacks ! . Over the years financial institution have lost bountifully so much crypto-currencies to hackers
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At this cross road emerges a solution that has never been, a solution who's existence is still a mystery to data infiltrators ,a solution that has come to boast the adoption of crypto-currency technology to a great and wider state. I bring to you a project called Goldilock
My praises to this project is personally not for the sake of this publication but greatly for the incredible approach it applies to tacking the problem of data insecurity.

Goldilock is built on three core premises firstly, user need access to their personal data with speed but it requires that it should be done occasionally and for short periods of time otherwise it exposes the data within to harks.

it also require that personal data that includes private keys must be isolated and secure from physical contact and other human related errors and it also requires full backup it allows for personal data and key to be accessible to the user when needed.

Mission

Goldilock
is positioned to provide quality service that will be of benefit to customers and to institutions who needs Outstanding security friends digital assets under their care .

Goldilock
umbrella covers a wide range of customers choice such as customers/institution who requires greater security solutions for their private crypto-currency key than the service provided by hot wallet and cold based data storage providers.. and also consumers /institution who require greater security flexibility and availability of private keys custody than offered by physical hardware.

Not only that, mostly institutions looking for significant security upgrade for their users most sensitive digital asset by taking the fully offline when not in use at a time .in a nutshell I would say that Goldilock
can be trusted with storing a vast number of data ranging from;
Crypto-currency keys banking and credit information, personal identity, health data, digital media as also Goldilock
could be trusted with Cryptocurrency wallet key address. Goldilock
Security suits patent-pending has been praised by banks, credit agencies, Healthcare companies, digital rights, management groups and independent cryptocurrency holders etc as being a transformative technology that aims at changing that way person data is stored in the internet.

Features

Let's take a look at some features that makes Goldilock
Unique
Firstly of the list is
the remote vaulted wallet for Goldilock
The most primary duty of a cryptocurrency owner is to protect it's confidential data. Here Goldilock Will be comprised of encrypted storage device which is stored in a vault within a secure data center. and it's done in such a way that the device at s always offline and physically disconnected from the Internet until the client chooses to access it. This is done with the use of an authorized non-ip command by the consumer over the Public Switch Telephony Network (PSTN) the system is secured in a vault within a multi-location redundancy, which can be accessed remotely via biometric gateways leveraging security codes delivered over multiple devices access point.

Incredible wallet storage options

Goldilock
provides cold water operators with the enablement to take advantage of Goldilock To enhance their existing technology. Goldilock Works at allowing operators to offer s more readily accessible yet secure and remote solutions and also to the hot wallet operators where there are given a choice of harnessing either an in-house proprietary license or an out-sourced model and Goldilock
Strives to allow the wallet operators and custodial services provider to harness it "remotely-automated" air-gap
Custody and Goldilock Has no access to clients data rather relying on encrypted information flow to rout request via individual Goldilock User devices

Asset security

Data like health financial and legal records are essential to a client person and legal well-being. Goldilock
Optimal form of on-demand accessible storage firvthid type of information. Goldilock collaborates with banks and credit agencies to insure document storage.

judging from a simple commercial respective security at the highest level is necessary because recently crypto harks and key therft has cost millions of dollars so that is why by law all institution dealing with large amounts of assets of such should employ a very strong security system or dmface massive penalty.

Crypto currency exchange :

In the past, public and centralised cryptocurrency exchange prevailed and within the time, there where exposed to the one problem that has been a limitation to the use of crypto currency which their lost of billions of exchange.
But instead of storing cryptocurrency key only in hot wallets, Goldilock

provides cryptocurrency exchange to rely on it on-demand environment like a explain above reducing transaction processing time and enable better of peak traffic period during the inevitable market runs.

The Goldilock wallet

The Goldilock
. Will allow for storage of NEO, GAS, NEP-5 token making NED the must secure cryptocurrency of the market.
This wallet will run inside a even browser attested over SSL and it also allows for keys of each wallets to reside on a significant segmented and encrypted hardware wallet devices that is totally disconnected from the Internet and the wallet uses only through a non-ip command and pin/voice verification using a non-ip Switch Telephony Network (dstn) and when a user closes the wallet after use it is disconnected from the Internet where each wallet are made to maintain a unique personal assigned URL and all signed transactions will require two-factor authentication.

GoldilockApi service

This service helps customers with already existing wallet security to use the Goldilock
patent-pending as their solutions if there are in need of extra and reliable security .the api can be embedded with non-decentralized application or into stand-alone dApps.

Lock token

Lock token will be used to fuel Goldilock
Service where user who purchase the token which when combined with Goldilock
Proprietary smart contacts logic will enable storage of private key for cryptocurrency and other digital asset and an auditory mechanism will also be prepared.
This token is required in order to access the Goldilock Wallet.
Lock token helps Goldilock
to provide users with a lot of their node activity while keeping user owned data locked from third parties, even from the Goldilock .team.

Goldilock
Has the aim of accepting NEO,GAS and NEPS-5 token Goldilock
aims at transforming NEO to the most secure cryptocurrency.

the incredible NEO economy

In the quest if Goldilock
To provide quality and modernized, Goldilock
Builds on the superb platform which utilizes Blockchain technology and digital identity to
digitize asset
Automate the management of digital asset using smart contacts
Create a smart economy with a distributed network .

NEO aim at building a security Blockchain that is recognized by the government and even enterprises with high reputation
NEO is significant finally other blockchain smart contract competitors with the following features;

Regulatory compliance
Super concencsus mechanism
Speedy transactions
Regulatory compliance; government and large companies who operate on blockchain require the ability to audit their transactions digital identity will need to be known and verifiable. Neither is committed to making use of public key infrastructure... (PKI) X.509 For identity and that implies that NEO will have ability issue and confirm digital identifies.
Super consensus mechanism ; NEO operators on a consensus mechanism called Delegated Byzantine Fault Tolerance” (dBFT).delegated by Delegated Byzantine Fault Tolerance” (dBFT). this is a modification is the proof stake protocols NEO user will have to vote for delegate and the delegate mist reach a consensus on acceptable transaction
Speedy transactions ; with the use of [dBFT](Delegated Byzantine Fault Tolerance) NEO architecture does not require thousands of machines to finish a resources expensive algorithm to verify transactions it enables the blockchain to process in excess of 10,000 transactions a second without transactions cost.
So you can see with me that this, what I would call strategies i.e the Goldilock
NEO an optimal platforms for a secure wallet utility token and also these features are compliments to Goldilock
vision

Technology :

Goldilock
Implement a minimum viable product of the Goldilock
wallet for cryptocurrency where users will be able to utilize the technology for registration and purchase of the lock token. For additional information you may check on the Goldilock
Github account which will be given at the end of this publication.

Goldilock petend-pending protection on the enacting of technology which relies in air gapped technology, with this protection ,competitors cannot market with this technology and any custody service provider will have to meet Goldilock
If the wish time utilize the technology

and the advisors Watch this video for visual information

https://m.youtube.com/watch?v=Lw7vByvnYgM

Conclusion

I would say that to the best of my knowledge I haven't seen any secure storage solution that carries everyone along i.e the cold storage users and the hot storage user, and with a project of this caliber I see cryptocurrency technology knowing no bound .

Here is my tweeter link https://mobile.twitter.com/eddyblesseton/status/1026965121732624386
#Images used herein are sourced from the goldilock white paper except any with additional source

For reference and more information see the links below >>>>

This is my submission for the @originalworks sponsored writing contest, to be a part of this contest follow this link >>>https://steemit.com/crypto/@originalworks/810-steem-sponsored-writing-contest-goldilock

goldilock2018

Introducing Goldilock; a two way solution to data insecurity