CRYPTELO LAUNCHES DATA SHARING PLATFORM SUPPORTED BY ETHEREUM

Cryptelo has developed pioneering software solutions for business communication with the highest level of security possible. It has launched a data sharing / sharing platform supported by Ethereum. Ethereum is a decentralized, blockchain-based public platform with intelligent contract functionality.

The Cryptelo platform has an architecture that focuses on security and offers global vital services such as encrypted data storage that stores key management, and communications to achieve high security standards for the right data exchange in today's digital age. Cryptelo continues to grow on demand for data security, secrecy and transparency. Cryptelo also offers Cryptelo Drive as a premium product aimed explicitly for B2B sales. It provides an encrypted digital drive for businesses to collaborate, exchange and access their data through desktop applications.

Encryption as a service (EaaS) is about $ 20 billion industry with an average annual growth of 30 percent. With EaaS technology, a single service provider can be used to encrypt data securely across multiple cloud-based platforms or devices, anywhere at any time. This technology is used to achieve advanced software libraries, customer applications, full transparency, and safety features to offer guaranteed original data. The Cryptelo platform is ready to offer EaaS services before. Cryptelo uses blockchain technology to offer a platform where the protocols implemented themselves can ensure data security without any effort from server software or business or users.

BLOCKCHAIN ​​& CRYPTELO

Each piece of information is stored as a recording on a blockchain system with a unique ID represented as a hash. Records are linked to each other by inserting the last record ID in a new record to create a chain like a formation. These blockchains can help the user to verify whether the chain has not been branched by confirming the existence of two child records with identical parent IDs.

This will help in verifying if the chain is continuous ie every record in the chain has been sent to the client without loopholes by the server. Record chain is a concept on which Cryptelo Drive is built that offers a private and shareable file storage. The data contained in the blockchain can not be changed and is consistent.

Human error is always a risk factor that can not be eliminated, but can be reduced by using Cryptelo. This platform enables protected communications for data in various use cases and educates developers to provide maximum security even if they are not proficient in crypto.

In other data sharing platforms, shared data can be accessed by third parties but with Cryptelo, users will always have ownership of their data and they can decide who can have access to it. This follows a meaningful zero-knowledge approach, even Cryptelo can not access user data. Here are some advantages of the advanced Cryptelo platform -

• It offers storage of encrypted data so that Data can be stored in one location
• Data is shared using the concept of data reflection and therefore not sent to other locations
• This has secured the key management of direct sharing based on Blockchain
• This is an open platform and therefore easy to apply to any program

Cryptelo has advanced cryptographic technology used for operating products with billable customers. Cryptelo Drive is based on their patented Cryptelo Platform. Several major sellers offering applications and encryption software services are Symantec (California, USA), Thales e-Security (La Defense, France), Dell (Texas, USA), Gemalto (Amsterdam, Netherlands), Trend Micro (Tokyo, Japan ), Sophos (Abingdon, UK), CipherCloud (California, USA), IBM (New York, USA), McAfee (California, USA), PKWARE (Wisconsin, USA), Microsoft (Washington, USA) and ESET (Bratislava, Slovakia)). Cryptelo ICO will enable it to move into the global arena with its cutting-edge technology for some use cases as a security tool for all. CTL represents a Cryptelo token that is an ERC20 token, based on standards defined by the Ethereum community (EtH). The Token price is given as 1ETH = 12,500 CRL. Payments can be made via Ether currency.