There are billions of dollars of wealth stored behind digital keys globally today and this sum is growing rapidly.The total global value of encrypted, private information stored digitally and accessible by encrypted key is incalculable. Emails of Hillary Clinton, Panama Papers, Ashley Madison Data Breach, and Snapchat etc. are few examples of huge cases of breach of data stored online and have caused humongous repercussions at its leakage. This implies our information stored online is exposed to huge risks. One of the biggest challenges for the future of the digital economy and digital world resides in preserving secrecy and ensuring privacy. But, citizens and economic actors don’t just wantonly secrecy, they also want quantifiable secrecy. The point is not only to ensure confidentiality of data but also to be able to be sure that confidentiality of data is ensured.
Cryptelo provides for digital security by means of an end to end encryption via blockchain technology. The team of Cryptelo do not have access to the users’ stored information itself. Therefore the information is completely in the hands of the user. It is a decentralized storage network which is open to implementing in any programme. There is no central authority or intermediary or third party to do the validation. With the absence of any intermediary, data is secured as information need not pass various channels. Since the information is decentralized, the accuracy and transparency are maintained. Therefore, it’s a channel which gives dual benefit.
Cryptelo has security first architecture and services for encrypted data storage, key management, and communication which is vital to achieving this high standard for peace of mind, and the proper functioning of free expression and exchange of information in the digital world.To make use of this platform, one does not have to be crypto expert. It has been designed in such a way to enable anyone to inculcate it in their existing programmes. Any developer can use it and add an extra layer of security to the organizational systems.
Cryptelo is already offering the Cryptelo Drive, a premium product designed specifically for B2B sales and provides an encrypted virtual drive for companies where users with user account can access their data via web and desktop application and can easily upload, share and edit any type of files. Along with that, Cryptelo is also building the new generation of digital key secured management platform and services implementing the trustless key server concept and providing solution about fixing the web-of-trust, C.A, and other standards.
Every piece of information saved in the system is called a record. Every record has its unique ID which is computed as a hash of its contents. Records can be connected together by embedding last record ID inside new records, forming chains. These chains then have some useful properties; mainly clients can verify that:
- the chain had not been forked (two child records with same parent ID exist)
- the chain is continuous -meaning every record from the chain had been sent to the client by the server and there are no gaps. By replying the information recorded in particular record chain, the client will arrive at the final state of some particular topic. Record chain is the idea upon which Cryptelo Drive (shareable, private, file storage) is built.
- every record is consistent and the data, the client received from the server hasn’t been changed. A client can easily verify that the hash of the record’s data resolves to the ID it already knows.
Cryptelo is an effective path to solve a worldwide security problem–providing totally secure shared data solution with no compromise between security and user-friendliness in removing risks of relying on third parties in the chain of trust.