Introduction

Day by day, the world becomes digitized at an exponential rate. This has made the demand and reliance on cloud computing and data storage to be at an all time high. Along with this, attacks have been aimed at centralized servers that stores abundance of personal, sensitive data.

Part of this problem is due to the internet being unable to provide full protection to these data. Some firms have also evolved to tackle this problem, however, while most promised complete encryption and security of consumer's data, hackers and attackers are still finding clever methods to bypass these security operating systems.

Recently, there has been notion that the blockchain technology can be used to eliminate this problem, which has invariably led to the emergence of blockchain startups that have witnessed this problem and are now integrating cloud storage/computing with the viable blockchain innovation.

Newly among them is CRYPTYK, who is aiming to utilize the blockchain technology and balance the scale back toward enterprises and end users alike, who are constantly conserved about having their stored personal data at risk.

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What Is Cryptyk?

The Cryptyk platform is a mixed decentralized data processing platform that is modified to secure and scale online data storage management which also includes the sharing, messaging, document editing and other cloud service applications.

It is an enterprise cloud storage and security platform that is created uniquely due to its never been used before technology built on 2 different decentralized platform; the VAULT and the SENTRY.

Combining these two platform together, they will interconnect and form a hybrid blockchain network that will operate as a compact cyber-security solution that is capable of fighting against the major threats that is currently tormenting the enterprise cloud storage sector.

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Why Cryptyk?

Logically, the main concept of the decentralized platform that will be developed by Cryptyk is to save data that cannot be corrupted nor hacked. They are making their entry into a developing cloud storage market and are hoping to full supply the increasing global demand for data storage from consumers and enterprises and providing services that would contribute to the efficient functioning of the platform.

The product they are offering is necessary for consumers, whom the preservation of privacy of cloud data storage is of outermost significance. The main objective of the Cryptyk platform is to avert both external and internal threats for stored data.

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Brief Description Of The Cryptyk Platform

The Cryptyk platform is made up of 5 interconnected components;

• VAULT: It is a decentralized platform on the Cryptyk platform that involves several cloud storage providers. Its main purpose is to divide files into encrypted shards, that would then be distributed across 5 self sustaining cloud storage provider.

• SENTRY: It is also a decentralized platform and the security engine for the Cryptyk platform on which other components of Cryptyk are integrated. It will use the blockchain innovation to create an interaction with VAULT; in order to allow it to track and monitor all consumer's access and file activities like encryption management, data verification, data analysis, auditing, preventing data leakage and also analyze threat.

The SENTRY is also made up of 3 components; The Exchange Panel; which is used to manage transaction of CTK tokens and other currencies (digital and fiat), The Private Exchange; which is used for the payment for cloud storage services, and also the transfer of CTK tokens, and other form of currency on the Cryptyk ecosystem. The last being The Incentive Engine; which distributes profits and making payment to developers who creates APIs on the Cryptyk platform.

• COMMAND: It is a local interface that is created to allow consumers to buy platform products, manage storage, file sharing, security policies and consumer's right and data permission. However, the interface would possess various function depending on the type of consumer's account (public, corporate, or enterprise).

• PASSPORT: It is a digitized ledger, which keeps record of all consumer's session and file transaction. These sessions includes information creation, editing, deleting, and file sharing and they are recorded on the blockchain which will validate all consumer's action with data.

• CODEBOOK: It is a database map on the Cryptyk platform. It is used to store, audit logs, transaction data, and file encryption keys. It will be implemented by using the BigchainDB, Cockroach DB, or Hashgraph decentralized platform.

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Conclusion

In summary, it is clear that the blockchain innovation has the ability to positively affect how we handle our personal data in the nearest future.

The plan of Cryptyk platform are ambitious and this is easy to understand because their concept is unique and their aim to make sure that the project grows is evident. However the case may be, it is sure that CRYPTYK will revolutionize the cloud storage sector.

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For more information, use the following links;

Website: www.cryptyk.io

Whitepaper: https://www.cryptyk.io/files/Cryptyk-Business-White-Paper.pdf

Telegram: https://t.me/cryptyk

Twitter: https://twitter.com/TeamCryptyk

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Bitcointalk Username: Kokoshayo