WHAT IS GOLDILOCK?

in crypto •  last year  (edited)

First, let us split the word Goldilock into two. We have "Gold" and "Lock". Gold is understandably a valuable, precious and coveted commodity and Lock means to secure, to keep away from. Keep away your sensitive data from the online world because just as Gold, it is Valuable and is been coveted by many out there. Goldilock is the device to help you do just that.Goldilock is an offline data,not just data but sensitive data storing system that helps completely keep away sensitive data from online where they are vulnerable to hacking by storing them in a physical device!!..it couldn't be better with Goldilock! just imagine having your sensitive data in your pocket and whoever is going to steal that will have to come to you. Now you can have a sound sleep, Banks can be at ease and insurance companies can feel secure and safe with Goldilock technology.

HOW DOES IT WORK

It not completely Cold storage!. Users also have access to their data for online activities by connecting the physical device storing the data to the internet. The device uses no IP address mechanism and Operates on "Physical airgap disconnection method", that is when users are done with their data online and logged out, the device is physically disconnected from the internet. The principle and ideology behind the operation of this device is simple, 'Stay physically connected to the internet and you are vulnerable to hacking'.
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USES: AS A WALLET

Goldilock, built on NEO platform and sharing same core value with the Blockchain platform, and with it cold storage security capability and ability to be connected to the internet will be of great use saving cryptocurrencies in an offline wallet and also serves as an online wallet for cryptocurrencies.

Users will be able to hold their cryptocurrencies with Goldilock, and the information will be stored offline until such a time that the user requests that data. At the point of request, the data will be temporarily connected to the web and delivered to the user via non-IP trigger mechanism. This assuredness in security put the growth of cryptocurrencies on the ascendancy.

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Goldilock LOCK Token
LOCK is the utility token that will be used to power Goldilock services•

Source: Goldilock's Whitepaper

Banks, insurance companies can rely on Goldilock to keep their cutomers data Safe.
Not hot storage, not cold storagae, just the right storage with goldilock.

https://t.co/xEP8LBhH3M?amp=1

For more information and resources, kindly check out the following:

Goldilock Website

Goldilock WhitePaper

Goldilock Tokenomics

You can also participate in this contest, follow this link:

https://steemit.com/crypto/@originalworks/810-steem-sponsored-writing-contest-goldilock

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