Goldilock: Protecting your most precious digital assets

in #originalworks6 years ago (edited)

Goldilock: Protecting your most precious digital assets.


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Some Preliminary Terms

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Hot Wallets: They are cryptocurrency wallets whose platform is connected to the internet. They are free, easier to use and you can make transactions in many types of cryptocurrencies. It can be said that the user at all times has their cryptocurrencies available. However, with the use of hot wallets, cryptocurrencies are also prone to attacks and computer thieves at all times.
Cold Wallets: They are cryptocurrency wallets that are disconnected from the Internet. They are really safer than hot wallets, but they are also more expensive and only allow transactions with the most popular and recognized cryptocurrencies. Users do not have access anywhere to their money, they need to have the device in their hands to access their cryptos. In addition to that there is the possibility of damaging the wallet for misuse or care, and may also be lost.

These terms "Hot" and "Cold" can not only be used referring to Wallets, but to all types of digital information storage. Being its main feature to differentiate and define being connected to the cloud (for the term Hot) or disconnected (for the term Cold).

That is to say, that all the information that we have supported and we can access that information from any place with the use of the internet we will be talking about a hot storage. If, on the other hand, we have information that we only have access to locally, it can be defined as cold storage.

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Antecedents of Scandal

1.- The case "Mt. Gox": Since 2010 and until 2014 the exchange of cryptocurrencies Mt.Gox began to have a tremendous boom, occupying 80% of the bitcoin market transactions.

This platform was one of the sites with more traffic worldwide and a reference when exchanging bitcoins.

However, it was the target of 2 hacker attacks:

  • One in 2011 where hackers had access to the platform and were able to steal more than 2,000 bitcoins from customers.
  • The second in 2014, this attack led to bankruptcy to the exchange platform. Where the stolen reaches the impressive figure of 744,000 bitcoins.

Note the name of this Exchange, MtGox (Magic The Gathering Online eXchange), I want to emphasize the word "Online", this Exchange always had the data of the cryptos of their customers, always connected in the cloud. Due to vulnerability and "online" access, hackers were able to achieve their mission.

2.- The "Experian" case: Between 2013 and 2015 the credit verification and data broker company "Experian" was hacked. Committing the personal data of more than 15 million users. Information thieves could obtain data such as names, addresses, Social Security numbers, birth dates, employment history, among others.




3.- The case of "My External Hard Drive": I know, it is not a scandal case worldwide. However, in my house there was mourning for several weeks.
My external hard disk of 1 terabyte capacity, fell from of hands to my wife, with irreparable damage. Inside he had very important personal and work information. From photos, scanned identification documents, to more than 100 movies (my children greatly regret this loss). From my work I had backup of important installers and configurations, virtual machines, reports, etc.

Recently, I participated in an Airdrop of a wallet and got some dollars in cryptocurrencies, however, the airdrop gave the same amount of generated cryptocurrencies but they can only be claimed within a year. This wallet needs to be installed locally on our PC, I made a double backup, (my computer and a pendrive). But if I had my external hard drive, I would have kept my backup there, and I would have lost these cryptocurrencies in the accident.

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The Problem

As we can see, the services of wallet and hot storage are very vulnerable to computer attacks, which can cause the loss of money and important information. On the other hand, the physical devices where we can store our cryptocurrency wallets or our most precious files can be damaged, damaged by accident or simply lost, which would cause a serious blow to our economy, since most of users who use cold wallets use it to store large sums of money in cryptocurrencies.

Despite taking all precautions of care and good use of our cold wallets, there is a cost to pay. Not only do I speak about the unit cost of the physical device, or the cost of safekeeping (vault of a bank), but of an intangible cost such as "non-accessibility", when we have cold storage devices, unfortunately we do not have access to cryptocurrencies and information at all times and places, since we need the device in our hands. Those who are cryptocurrency investors know the importance of having immediate access to their money at the moment of having a good investment opportunity.

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Goldilock presents a solution


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What is Goldilock?

Goldilock is a storage system that protects the digital information of the users completely outside the cloud, until just when the user needs to access their information.

Goldilock mergers and improves the protection of cold storage systems with the accessibility of hot storage systems.

As it does?

Goldilock, after validating the identity of the user, connects the physical device with the required information to the internet, granting the user access for a limited time through an encrypted connection with a URL destined for it and access credentials.


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  1. Wallet is stored offline through a physical airgap mechanism, and is not accessible from the internet.
  2. Using a non-IP mechanism, the user activates their wallet making it accessible over the internet.
  3. User can securely access their wallet over an encrypted connection using a dedicated URL and access credentials
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Goldilock, Air Gap and Neo working together.

Goldilock is combined with the Neo blockchain platform and the use of Air Gap to become an impenetrable barrier for hackers. Avoiding the theft of valuable digital assets for their customers.


Goldilock's patent-pending technology uses Airgap keeping digital information so valuable to its customers completely off-line. While they are offline, all digital assets are less prone to theft by hackers. With Goldilock and airgap most of the time all the digital assets of the clients are disconnected from the Internet.


The Goldilock team considers that:

NEO the ideal platform for a secure wallet utility token.
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Neo is a blockchain platform that allows you to digitize any real asset for later commercialization or exchange. With the use of intelligent contracts, clear rules are established for the realization and subsequent confirmation of transactions.

With blockchain technology, the digitization of assets can be decentralized, reliable, traceable, highly transparent and free from intermediaries. In NEO blockchain, users can register, trade and circulate multiple types of assets. Testing the connection between digital and physical assets is possible through digital identity.
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Neo has well-defined characteristics that make the ideal platform where Goldilock can operate:

1.- Pretend to comply with the regulations: so that large companies and governments can operate in block chains, these institutions will have to audit transactions and digital assets.

2.- Use a Superior Consensus Mechanism: NEO uses an improvement of the Proof of Work and Proof of Stake, a mechanisms called "Delegated Byzantine Fault Tolerance (dBFT)".

3.- Process transactions more quickly: NEO use of the dBFT allows the blockchain to process more than ten thousand transactions per second without transaction costs.

Benefits


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Goldilock brings benefits not only to individuals but also to institutions whose business policy is the security and availability of information.

Security:

Goldilock improves and optimizes the security provided by cold storage systems and offers its customers a series of important security benefits:

Physical airgap disconnection from electronic networks.

  • Dedicated per-user hardware for processing storage of encrypted data.
  • Regressive connectivity and signal processing.
  • Biometric gateways.
  • Device recognition.
  • Personal generated codes.
  • Scalable physically-segregated connectivity solutions.
  • Two-Factor Authentication.
  • Optional multi-signature security.
  • Secured physical vaults.
  • Multisite encrypted data backup.
  • Secure dashboards and live reporting on access and usage.
  • Fully-insured third-party guarantees for the extraction and delivery of data to owners on demand or in the case of business disruption.
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Availability and connection speed:

Goldilock keeps user information most of the time disconnected from the cloud. But when the user needs to access their data, Goldilock assures its clients a fast and secure access, thanks to the fact that it has patent pending protection in the United States on the implementation of technology that uses an "air gap" activated by Triggers without IP.


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Use cases

Goldilock presents a revolutionary technology that changes the way people and institutions handle their digital data, which has applicability in practically infinite cases. However we can list some below:

  • Documents and Personal Keys: Goldilock is a solution to the inconvenience of carrying around and exposing ourselves to losing our access codes stored in physical, or also to lose important documents, which we can digitize and access them if in some specific moment we require it, as a trip outside of our country for example.

  • Cryptocurrency Wallet: Goldilock is a direct solution to computer attacks that online cryptocurrency exchange sites are exposed to. By isolating the assets of the Internet most of the time. And only be connected and available when the user needs it.

  • Banks: Goldilock is in talks with representatives of one of the three most important banks in the United States, offering them a process for the management of bank accounts and transfers more secure, convenient and reliable.

  • Credit Reporting Agencies: Goldilock offers a technology where the true owner of the credit information, the user, can give approval to the credit agencies so that this information is only available at specific times, practically eliminating the possibility of information theft.

  • Medical Records: A patient's medical history is critical and very personal information. It is vital to have access to it, but it is also important to keep it confidential. Therefore Goldilock is a practical solution for these cases of storage of medical records.

Goldilock Token

The digital token "LOCK" will work in the blockchain and the Goldilock system as an asset for the payment of subscriptions of each user in Goldilock Security Suite. In addition to functioning as a tool for the registration of user activities in the nodes.

Goldilock will register its digital token “LOCK” as an NEP-5 asset on the NEO Blockchain.

Users will purchase LOCK tokens which, when coupled with Goldilock’s proprietary smart contract logic, will allow for the storage of private keys for cryptocurrencies and other digital assets, as well as provide an immutable auditing mechanism for each individual node using Default Byzantine Fault Tolerance (a type of PoS).
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Token Assignment


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Use of Proceeds


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Personal Conclusions

Goldilock will change the way people manage their digital assets, whether cryptocurrencies or important personal information. Thanks to the Goldilock team identifying the shortcomings and successes of both cold and hot storage methods.

Goldilock takes the shortcomings of both storage methods attacks them and removes them. And it also takes the benefits of cold and hot storage, improves and optimizes them. Obtaining a platform that keeps our information as long as possible outside the Internet and free of computer thieves, but always keeping the information available to users after passing several identity verification processes.

Goldilock is emerging as an indispensable security tool for institutions and people. Thanks to its relationship with Neo's blockchain, it can be a mandatory requirement for any platform that interacts with digital assets and personal information inside and outside the cloud.

The main reason of existence of Goldilock is to protect our most precious digital assets.

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Technical Documents and Summary Video


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Related News and Goldilock in the Media


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RoadMap

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The Team

The Goldilock team has experience in the area of financial services, new technologies and marketing. They want to take data storage and protection methods to the next level.

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Advisors

The Goldilock Team advisors are some of the main opinion leaders and have helped in the development of Goldilock Security Suite. Thanks to his experience in the development of the Blockchain community.

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Partners

The partners and friends of the Goldilock Team have great experience in the development of the Blockchain community, in digital security, telecommunications, storage, media and legal matters.


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More Information and Resources

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