Introduction: Problems associated with modern data and digital assets security

Security has always been,and always will be a major cause of concern to individuals,small scale and large scale organisations and every other institution on earth.

Without doubt, banks remain trustworthy (at least to an overwhelming percentage) financial institutions for securely saving our fiat currencies; but, the newest wave of digitalisation has ushered us into an era of cryptocurrencies and digital assets,albeit, one we may not be prepared for.

“In five years, if you try to use fiat currency they will laugh at you...Bitcoin and other cryptocurrencies will be so relevant … there will be no reason to have the fiat currencies.”  — Tim Draper, Venture capital investor and Founder of Draper Associates<

One would expect that since we are likely to be strolling into an era of widespread digital assets adoption, it'd only be commensurate to make available, a secure platform for saving our digital assets; and correctly so.
In this paper, we will be taking an extensive look at Goldilock, as well as it's proposed means of solving current bottlenecks associated with data and digital assets security.

Goldilock: A viable solution

The internet is one of man's greatest discoveries of all time, no doubt.But for a moment,let's neglect it's numerous advantages,because only then does it become glaring that the advent of internet has indeed left many private data at risk of getting compromised.Be it through malicious packets,hijacked ads or Advanced Persistent Threats(ATPs), "user data online has sadly become more useful to hackers than their rightful owners". Reflecting on this for a moment,a simple question comes to mind. Of what use is it,keeping data online and prone to intrusion when users only require access to them for just a few seconds ?

Goldilocks' operation is centred upon this basic theme .

Goldilock is a blockchain powered data and digital assets security system that acts as a "cold" storage", keeping user's data offline and unsusceptible to hacks. By harnessing a non-IP trigger mechanism, Goldilock pulls customer data on user's request, making it readily available for use and returns it to an offline state afterwards. This makes it virtually impossible for hackers to gain access to such data, since it is only ever online for a short period of time.

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Goldilock also has an interestingly unique approach towards safelocking our cryptocurrencies and this, we will take a closer look at, in contrast with the hot and cold storage systems in the next text.

Goldilock : A hybrid of the hot and cold storage systems

Hot storage systems such as cloud storage, exchanges,online wallets etc are obviously not the safest of options for storing or accessing our hard earned cryptocurrencies since users have little or no idea of security measures or flaws existing on such platform.Lots of users have lost their digital assets by ignorantly typing wallet keys on fake URLs posing to be legitimate websites or through phishing links or other nefarious means.Whichever way, it is quite obvious that there are high level of insecurities associated with this means of storing and accessing digital assets.
Cold storage systems on the other hand are basically hardware components,usually inform of USB sticks through which cryptocurrencies can be accessed by simple synchronisation with PCs.(some of which are Trezor, Ledger wallets, Xapo etc). Although, far more secure than the hot storage systems,accessibility is largely compromised on,and this shouldn't be the case. Hardware devices can be damaged,misplaced or forgotten elsewhere, making it impossible for the owners to access and use cryptocurrencies.This singlehandedly defeats the purpose of digital assets, since their core premise revolves around ease of accessibility.
Goldilock proposes a hybrid of both methods by leveraging a physical airgap disconnection, which isolates wallet from other electronic devices,keeping user wallet offline and devoid of risks of intrusion and only making it available on user request by a "non-IP trigger" mechanism. This mechanism basically "calls" the wallet online on confirmation of the user's login credentials via a secure and untraceable connection and then returns it back before retaining it's airgap state .

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Here are some unique features that sets Goldilock apart from other companies who claim to offer similar services :

• 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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