Over the years, hackers have both advanced and evolved their approaches when it comes to retrieving personal information including but not limited to your address, email, phone number(s), credit/debit card numbers and logins to your online accounts. With such activity occurring and escalating it’s important to have an understanding of the precautionary steps that you can take in order to prevent yourself from becoming a victim of having your information stolen and used.

Nowadays, with so many applications and social media platforms available it’s easy to share more information than you’ve intended and it’s important that you understand what personal information you’re making available online to protect yourself from your information being compromised.

There are many initiatives currently in the works to help secure personal information online while also helping to bring security to online financial transactions. One of the newer platforms that’s proactively working towards this cause is what’s known as the "Pillar Project" : a new online platform that will effectively allow users to manage all of their online accounts in one, easy-to-use dashboard that will seamlessly allow you to switch between all of your online accounts without the hassle of having to login to them all individually.

You see, each time you login to an online account and type your password in (this is just one of many examples); a hacker could potentially be tracking your typed password leaving you susceptible to your login credentials being compromised.

With an innovative idea such as the “Pillar Project”, you’ll be able to take advantage of a platform that will help you to manage your accounts securely which will take place through the platform’s use of API’s (in laymen terms, what allows them to retrieve your information from the apps/platforms that you choose to sync to your Pillar account).

Why you shouldn’t keep all of your information with one company

You shouldn’t keep all of your eggs in one basket and you should never keep all of your information with one company. This is very true as years ago, I used an application that was supposed to be a safe place for me to manage all of my credit card and bank accounts and one day, there was a security breach and they were hacked and I ended up becoming a victim of identity theft.

This isn’t something that I would ever hope with anyone which is why I’m writing this guide as I feel it’s important to spread awareness about this growing issue that so many are facing.
This is why I’m quite a fan of the Pillar Project as I firmly believe that it’s going to finally instill security back in to a market that has been combating data security problems for years.

Below in the next section of this write-up, I’m going to cover a bit of information on the main focus of the Pillar Project and how they plan to provide increased security for online transactions.

How the Pillar Project Plans to be the most secure Crypto-currency Wallet

The Pillar Project is all about security and it plans on getting their crypto-currency wallet to be used by millions of people by getting software companies to adopt their concept. As depicted in the image to the left, the Pillar Project is creating a “Personal Data Locker” to help protect your information and to provide a dashboard where your accounts and transactions can be accessed within a secure, encrypted environment.

What’s great about the Pillar Project is that you’ll be able use the platform without the worry of your information being shared with third parties and all online interactions will be done securely without the need of having to individually access multiple accounts.

Specifically, the Pillar Project provides what's known as "Atomic Ownership" which ultimately is how your data is going to be protected more so then any other platform. With "Atomic Ownership", no third parties will have access to your personal data, online interactions, assets, or currencies giving you complete control and privacy.

With the cryptocurrency wallet provided by the Pillar Project you'll be able to hold your "private keys" which will grant you access to your cryptocurrencies. Unlike some other platforms, the Pillar Project is not tied to only one cryptocurrency so you'll be able to transact multiple digital currencies (not just Bitcoin).

For transactions, users will need to use tokens which allow transfers between and among individuals to take place and as the Pillar Project mentioned, you can think of the tokens as "tradable API keys".
This is certainly a unique approach of how transactions will take place and in my opinion it’s a step in the right direction towards helping users to securely transact amongst eachother.

Overall, I strongly believe in the concept of the Pillar Project and believe that it’s a platform, technology and idea that many will soon grasp on to and use for online transactions and account management.

• Bitcointalk: https://bitcointalk.org/index.php?topic=1986401
• Token sale website: http://pillarproject.io/