Cryptyk Project Overview
The Cryptyk platform is a hybrid decentralized platform designed for efficient data processing and secure, scalable online storage management, as well as for collective work with files and documents, including editing and data exchange.
Market potential
The cloud storage market has been actively developing since 2006 when Amazon Web Services introduced its AWS S3 cloud storage service, which was later widely recognized as a basic solution for building services. Amazon AWS S3 is still the market leader.
According to Statista, the number of cloud service users is about 3.6 billion in 2018.
A key factor driving the market is the growing demand for data storage from end users and IoT service providers. For consumers, cloud services provide unlimited access to content and services. Interest in cloud technologies is shown not only by individuals and companies but also by government organizations that are already successfully using cloud technologies. According to some reports, the UK government spent over £ 500 million on cloud computing in 2015.
According to forecasts, by 2021 the share of cloud traffic will be 95% of the total traffic of data centers in the world.
Justification of the use of blockchain technology
The last few years have been the most stressful period in terms of securing centralized cloud data. All failures and attacks have shown that the centralized cloud computing storage model is not as secure as it may seem. Cloud storage can use blockchain technology to avoid security problems.
While centralized cloud storage distributes files between its data centers, blockchain technology provides complete data decentralization, as they are stored and encrypted in different nodes around the world. This gives users greater protection in case of error during storage or transfer of data, and also provides greater confidentiality since their data and files are inaccessible and not controlled by a third party. Instead, the encrypted fragments are distributed to several nodes protected by keys owned by users.
Features of the project Cryptyk
The main idea of the decentralized technology developed by Cryptyk is the storage of data that cannot be damaged or hacked. And above all, it is worth noting here that the Cryptyk project is entering the dynamically developing cloud storage market. Around the world, there is an ever-growing demand for data storage. These requests come from both end users and from various services. Such a position in the market can not contribute to the effective development of the project.
Cryptyk offers its product primarily for those users for whom maintaining the confidentiality of cloud data is of paramount importance.
Among the strengths of the project, we note that Cryptyk is a partner of IBM. This collaboration can contribute to the further development of the project and become a competitive advantage for Cryptyk in the cybersecurity market segment.
As for the economy of the token, then, it is necessary for the platform, as it serves as a tool to raise funds for product development. In addition, tokens control the Blockchain Sentry platform, which acts as a security audit mechanism.
Five components of the Cryptyk platform uniqueness
The Cryptyk platform includes 5 interconnected components:
VAULT - a decentralized platform that includes several cloud storage providers (such as Google Drive, Amazon S3, Rackspace, etc.). VAULT is designed to store, edit and share files and other types of information (for example, e-mail, chat, payments) in an encrypted, decentralized form.
PASSPORT - a decentralized register that records all user access sessions and file transactions. PASSPORT is intended for use by corporate clients. Each company, its employees and user files receive a unique identifier stored in this blockchain. Each session of the participant of the platform, as well as all information about creating, editing, deleting or sharing files, is recorded in the blockchain, which allows you to verify any user actions with the data.
CODEBOOK - database card for storing logs, transaction data and file encryption keys. According to the technical documentation of the project, the team plans to use one of the following decentralized platforms for implementation of the codebook - BigchainDB, Cockroach DB or Hashgraph.
SENTRY is a server platform and a security engine for a platform into which all other Cryptyk components are integrated. SENTRY allows you to manage encryption, listen, check and analyze data, track all actions of ecosystem participants, prevent information leakage.
TEAM
ROADMAP
Cryptyk official links:
Website: https://www.cryptyk.io/
Facebook: https://www.facebook.com/cryptyk/
Twitter: https://twitter.com/TeamCryptyk
Telegram: https://t.me/cryptyk
Discord: https://discordapp.com/invite/s2mzTRP
Youtube: https://www.youtube.com/channel/UCav90bkU5jx7_oeH12YS2Lw
ANN: https://bitcointalk.org/index.php?topic=2837930.0
Writer: xratedx
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