ECOMI- Disrupting Blockchain Industry with new Data Protection Technology
Blockchain is a distributed ledger that provides a recording of all transactions that have taken place across a peer-to-peer network. Best known as the technology behind the Bitcoin crypto-currency, blockchain takes records – such as proof of ownership, confirmed transactions and contracts – and stores them as ‘blocks'. New blocks are linked to previous blocks to form a linear and chronological ‘chain‘of events.
The record is verified by consensus, which mean various network participants, called ‘miners', work together to verify the integrity of the data. Once verified by a majority of the miners, the block is stored in an encrypted and decentralized way across the network. This results in a system of record-keeping that is maintained solely by network participants.
Blockchain technology is changing the way data is shared and how value is transferred between individual and institution. The process is called decentralize which is highly secure without third party interference. Hence, there are some pertinent challenges that must be solve prior to mainstream adoption of the technology by all and sundry – most especially, security. Protecting cryptocurrency private keys that allow access to the ledger remains top priority for any institution or individual interested in using blockchain to transact data and funds.
Safeguarding private keys remains important for everyone in the industry. Using hardware security and trusted application in place of digital wallets and as blockchain nodes will give security-conscious users and institution will guarantee that no matter what blockchain application they choose, they have maximum protection against digital assets hacker crawling internet for possible open wallet
Many people across the world embrace blockchain technology as a security innovation because it provides a trusted ledger that shifts data storage and protection from a centralized to a decentralized model. However, the level of trust is based on the process involve in data movement rather than individual or organization participant.
The process allows parties to efficiently record transactions in a verifiable, permanent way without using any intermediary that can temper with the process.
However, while blockchain shows promises in its ability to support an endless number of innovative in financial exchange, payments, healthcare and other critical applications, recent high-profile breaches of exchanges show that blockchain users and their access to the blockchain represent a security weakness that must be addressed before the technology can reach its full potential.
While blockchain technology secures data security in transit from one point to another using cryptography, the private key becomes vulnerable to hackers when it is stored or displayed at one end or the other – whether it written on a piece of paper, disk, in memory or in the cloud.
To keep digital assets and private keys safe, most people currently use software called wallets or multi-signature wallets, but these solutions are driven more by convenience than security. Hardware wallets, such as Trezor or Keepkey, were designed to offer a higher level of private key security, but even these solutions are vulnerable to various hacks, including fault injections
There are many techniques used to compromise the security of hardware wallets by bypassing security checks or leaking the private keys.
Once unauthorized disclosure or loss of private keys happened, it does not matter how secure the blockchain itself is – anyone can leverage on it by exploit the asset and any malicious transfer of value is typically instantaneous and irreversible. Today, hackers commonly target online services that store the private keys for a large number of users or infect network participants with a malware that searches for private keys.
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ECOMI- Disrupting blockchain industry with new data protection technology
Ecomi is providing unique solutions for data protection and security with user-friendly interface.Users will have the ability to easily make use of your cryptocurrencies anywhere in the world where cryptocurrency is accepted.
ECOMI is a security, economy, and digital ecosystem, which utilizes blockchain technology in three primary areas – Protection of private keys, real-world cryptocurrency payments, and the exciting new world of digital collectibles.
Ecomi Ecosystem
The Ecomi ecosystem is embedded with variety of decentralized application that will help put a stop to blockchain security challenges by securing private keys on the Secure Wallet or the Ecomi One.
With the use of the Secure Wallet, Ecomi One, all private keys for Cryptocurrency and decentralized application will be saved offline . Hence, creating a second layer of security unlike any other ecosystem in Blockchain.
The Secure Wallet
The Secure wallet is the foundation of the Ecomi Ecosystem, it's a hardware device that protects cryptocurrency private keys and digaital assets
The secure wallet is not connected directly to the internet and therefore will limit cyber attacks. It also comes with great features like the Ability to create create up to 5 individual wallet per cryptocurrency, it provides control over transfer of private keys and it is a safe and secure storage.
The video below will put more light
The Ecomi One
ECOMI One is your credit card sized bank. Built on top of the impressive Secure Wallet technology, ECOMI One will securely hold your cryptocurrencies, fiat, NFC-enabled cards, and full banking services
The time required to convert cryptocurrencies into fiat currency and make it available to be used for normal needs is highly alarming and no one has that time to spend. But with the Ecomi One, the holder can spend fiat and cryptocurrency using contactless methods with the integrated debit card that is accepted where other debit cards are accepted.
Ecomi Exchange
The Ecomi Exchange aimed to make the use of cryptocurrencies simple for new users by allowing Ecomi One card holder to spend their cryptocurrencies the same way as a regular credit or debit card.
With the Ecomi One Platform, users will be able to set the default cryptocurrency for fiat purchase and will also have the option to converting Cryprocurrency to fiat money at any time, to be stored on Ecomi One for later use.
Token Utility
The OMI token will be available for use in the Ecomi Ecosystem to access application
Ecomi design a single user ecosystem platform for blockchain technology in order to allow big adoption of blockchain technology.
The ecomi secure wallet, is handy to use because it connects through bluetooth to your device, and with the aid of interacting with it through the embedded mobile app makes it simple and intuitive,it is not plug and play device alternatively make sure you're using the right hot and cold wallets, being on protect for viruses and so on... thru the associate app you could additionally generate QR codes and use them to pay at any bitcoin enabled retailer, or withdraw cash at bitcoin enabled atms, without exposing details of your private keys and assets.
Ecomi collect is also designed to deliver the underlying blockchain tech to all and sundry. Not like other collectable platforms, Ecomi Collect is also simple to use, with distinctive features that include licensed and recognizable digital collectibles. These are some of the features that will bring more users to the platform. It will also enable artists and creators to take possession of their intellectual property, digitize it, exposure the work to global market. Additionally, users can to save your NFL's offline on the Secure Wallet and Ecomi one, provide higher security and retaining private keys in offline storage.
Ecomi One is also solving challenges of international bills, likewise it enable users to save fiat currency, and any NFC enabled card- such as gymnasium memberships, loyalty cards, conventional credit /debit playing cards. Hence, it enable owner of the Ecomi One to shop with rest of mind anywhere in the world.
Ecomi vault is one of the first cloud storage mechanisms that leverage the power of DLT, to ensure that your information and data is safe. Additionally, users of the vault can send and share valuable information without anyone accessing the intellectual property and data.
Ecomi ecosystem
This ecosystem will be supported Ecomi and network, it enable developer to build a decentralized application that provide ownership, control and privacy, by securely storing private keys on Secure Wallet or the Ecomi One.
There is second layer of security embedded on the platform which is not available on other platform. Users are permitted to create private keys for both cryptocurrency and decentralized apps through offline. The team will enforce biometrics into both Ecomi cards to provide better level of protection.
These are some of the value proposition of the Ecomi Ecosystem;
● A decentralized application marketplace
● Ecomi trade (liquidity issuer)
● Private data, identity safety and storage. Together with primary identity, usernames, passwords, credit card information, passports, licenses and more.
● The recording, safety, and sharing of intellectual property
● Large variety of p2p exchange interface which is not limited to cryptocurrencies, messaging
Platforms, social media, encrypted file and data storage.
Token holders may be incentivized to help the network and receive access to services and products on Ecomi Ecosystem, via staking omi tokens, rather than spending tokens. It is possible that participants inside the crowd sale who make purchases above a sure amount could be issued a free Secure Wallet, subject to terms and conditions. For every investor that purchased $1000 worth of token will be given Secure Wallet. See the detail on home page.
Quadri, [07.06.18 22:55]
Security
ecomi environment is evolved to secure non-public keys and keep ecomi physical hardware wallet without 0.33 birthday party advantage get entry to. it is going to be used together with dapps and offerings in the ecomi atmosphere, permitting any ecomi-primarily based product or service to safely keep their associated personal keys in offline storage. it is certified with cc eal5 +.among its security capabilities
relaxed element, host registration, host login, protection channel, hierarchical deterministic pockets, relaxed firmware updates, and safety protocols which are mentioned in element under:
1.zero relaxed pockets
this pockets will not directly linked to net so that you can prevent malicious cyber-assaults.it a multipurpose pockets which serve as a credit score –card, pockets - a credit score card-sized, cryptocurrency personal key hardware device that enables to make certain the protection of virtual assets.
the cozy wallet is bluetooth allow to a bunch tool (apple or android phone via ecomi app interplay with the secure pockets is made via the ecomi app
the ecomi app, provide users a relaxed pockets via:
● manipulate over the seamless transfer of private keys in and out of the tool.
● safe and cozy storage.
● the capability to create up to five character wallets according to cryptocurrency.
● users will have advantages of storing 5 cryptocurrencies - bitcoin, ethereum, litecoin, bitcoin coins and ripple.
it will later assist greater than 30 currencies by means of the stop of 2018.
cozy pockets trezor nano preserve key
cozy wallet most important capabilities
● among the finest protection
● True cold wallet
● Loss recovery and restoration
● comfort
● Physical transaction confirmation
● Helps bitcoin, ethereum, ripple, litecoin, bitcoin cash and shortly erc20
● No strings and no charges (aside from popular blockchain charges)
● Long lifestyles lithium battery
● Water resistant and a bend functionality of 15 levels
● Environmental friendly
For further detail on Ecomi Project
More detail about Ecomi products and services can be access via the official website and social media channel below:
Website: https://www.ecomi.com
Facebook:https://www.facebook.com/ecomi.ecosystem/
Twitter: https://twitter.com/ecomi_
Discord: https://discordapp.com/invite/JQvkNUU
Telegram: https://t.me/ecomi
Linkedin: https://www.linkedin.com/company/ecomi-technology/
Youtube: https://www.youtube.com/channel/UCXs7g8WclERvGIKm6cmE1NQ
Bitcointalk username :Abinvent
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