Big data is a blanket term for the non-traditional strategies and technologies needed to gather, organize, process, and gather insights from large datasets. While the problem of working with data that exceeds the computing power or storage of a single computer is not new, the pervasiveness, scale, and value of this type of computing has greatly expanded in recent years.
In this article, I will talk about big data on a fundamental level and define common concepts you might come across while researching the subject. We will also take a high-level look at some of the processes and technologies currently being used in this space.
What Is Big Data?
An exact definition of "big data" is difficult to nail down because projects, vendors, practitioners, and business professionals use it quite differently. With that in mind, generally speaking, big data is:
large datasets the category of computing security strategies and technologies that are used to handle large datasets.
In this context, "large dataset" means a dataset too large to reasonably process or store with traditional tooling or on a single computer. This means that the common scale of big datasets is constantly shifting and may vary significantly from organization to organization.
Why Are Big Data Systems Different?
The basic requirements for working with big data are the same as the requirements for working with datasets of any size. However, the massive scale, the speed of ingesting and processing, and the characteristics of the data that must be dealt with at each stage of the process present significant new challenges when designing solutions. The goal of most big data systems is to surface insights and connections from large volumes of heterogeneous data that would not be possible using conventional methods.
Goldilock and how it will change the way people handle digital data :-
In this scenario individuals no longer have to be provident because what goldilock offers is a security that protects digital data and give tokens based on implemented tasks.
What is Goldilock?
Goldilock is a platform that provides long lasting solution for data storage and digital asset security.
Goldilock is revolutionizing the way data is stored on the Internet by building an ecosystem to secure cryptocurrencies and digital assets for individuals and institutions. With a functioning platform launched in Q2 of 2018 that provides a remote physical disconnection of data from the internet, the Goldilock Security Suite leverages multi-factor authentication, biometrics, regressive technology triggers, and cryptography to shift the burden of keeping wallets secure away from the individual
investor and on to our physically-segregated platform.
HOW WILL CRYPTOCURRENCY HELP YOU?
The world is becoming more and more economically unsafe. This is not to say we are not growing. But asNassim Taleb states in his book. Antifragile. Economic machine is like a glass jaw, one small punch to it and it all comes crushing down! Both long term and short term this is not good for you and all of the hard working citizen of the world.
SECURITY BENEFIT OF KEEPING THE DATA OFFLINE USING "AIRGAP" TECHNOLOGY ?
When you think of offline storage, you should think of data that has been physically removed from the network. This type of offline storage takes the form of backup tapes that companies ship in trucks off to sites miles or even time zones away. Anyone searching for offline storage info should explore tape technology, new removable hard drives, and encryption strategies to keep the data safe.
Health, financial, and legal records are essential to a client’s personal and legal well-being. Goldilock is an ideal form of on-demand accessible storage for this type of information. Goldilock, in partnership with banks, credit agencies, insurers, document storage, and data warehousing operators, will offer solutions to
address these markets. With the ability to support both Platform-as-a-Service and on-premises deployment models, Goldilock enables operators of Data Centers, Warehouses and Document Storage, or even Government entities to establish a Goldilock instance for users.
NEO AS A PLATFORM OF CHOICE
NEO is a non-profit, community-based blockchain project that utilizes blockchain technology and digital identity to:
Automate the management of digital assets using smart contracts
Realize a “smart economy” with a distributed network
In combining digital assets, digital identity, and smart contracts, NEO plans to build a secure blockchain
that is recognized by enterprises and governments, which is core to Goldilock’s guiding premises.
NEO is the first platform to offer a feature set focused on enabling a regulatory compliant smart economy.
NEO is different from other blockchain smart contract competitors as it provides the following features:
Aims for Regulatory Compliance - For large companies and governments to operate on the blockchain, these institutions will require the ability to audit digital assets and transactions. Digital identities will need to be known and verifiable. NEO is committed to making use of the Public Key Infrastructure (PKI) X.509 standard for identity, which means that NEO will have the ability to issue and confirm digital identities. NEO is building this digital identify mechanism into their ecosystem.
Without a doubt, NEO has been one of the most promising cryptocurrency investments of 2017 for its investors.
NEOWallet is a free, open source light wallet developed by OnChain developers. It is a secured web wallet which doesn’t store your private keys. Any online operator or individual can store/transact in NEO and can also claim your generated token if you are holding NEO in this wallet.
Goldilock is positioned to provide services both direct to consumer and to institutions which require significantly enhanced security for the digital assets under their stewardship.
Goldilock provides an essential solution for:
- Consumers and institutions seeking greater security solutions for their private cryptocurrency keys than currently available from third-party hot wallets and cloud-based data storage providers
- Consumers who require more security, flexibility, and global availability of private key custody than offered by physical hardware crypto wallets
- Institutions seeking significant security upgrades for their users’ most sensitive digital assets by taking them fully offline when not in use, but who need to provide access to those assets at a moment’s notice.
The system can be leveraged to store private cryptocurrency keys, banking and credit information, personal identity, health data, digital media, and signature or approval keys. Through standard cryptocurrency wallet functionality, funds can be associated with a consumer’s Public Key Address without requiring their Goldilock Wallet to be online. The individual Goldilock Wallet only needs to be online to perform withdrawals or outbound transfers.
Not a fan of reading? Watch my short video
For more information and resources, kindly check out the following:
You can also participate in this contest, follow this link: