The Broken Cyber -Security Economy
For every dollar $1 businesses spentd on cloud storage, they spend four dollars$4 is spent on cyber - security to protect that storage from hackers. For that sort of money, you would think that hacking will soon become a thing of the past. However, the reality is the exact opposite. Currently F, for every four dollars$4 spent on cyber -security, over twenty five dollars$25 is are still lost to cyber criminalscrime. This year almost one trillion dollars of financial losses will be inflicted on the world by hackers. In other words T, the $150B cloud security and storage industry is highly ineffective and cost inefficient. Conventional security strategies simply do not work anymore. We not only need a new disruptive cyber security technology …. we need an entirely new cyber -security economy and ecosystem.
Hybrid Blockchain Technology
Cryptyk has combined decentralized cloud storage with blockchain auditing to produce Hybrid Blockchain Technology. This hybrid platform architecture works to take the profit out of hacking and the risk out of the cloud. It consists of two decentralized platforms that perform separate but synergistic functions:;
1. VAULT is Cryptyk’s decentralized cloud storage and file sharing platform is called Vault. When using Vault, Ffiles get are encrypted and then are divided into 5 smaller pieces using intelligent randomization. Then these pieces are encrypted again and distributed separately amongst 5 major independent cloud providers. This design is passively immune to all external hacks, and even the occasional isolated DDOS attacks or server failure. Meanwhile In addition, viruses and malware cannot assemble themselves, execute or propagate. And mMost important, of all it has an ultra-fast access latency of less than 200ms, which enablinges real- time cloud file collaboration and cloud applications.
2. SENTRY is Cryptyk’s blockchain auditing platform is called Sentry. This acts as an extra layer of decentralized security surrounding Vault by, controllings all user access and trackings file sharing and communications. Add AI monitoring of the blockchain and you get the ultimate in predictive technology to counter all internal security threats. When Sentry is combined with the passively secure Vault storage platform, the integrated hybrid solution offers broad security protection against all five major threats to the cloud. Cryptyk ’s solution doesn’t try to stop the hackersprevent breaches from happening,. iIt just ensures that anything stolen is files are useless, is of no real value, and is very trackable. Cryptyk is working to take the profit out of hacking and the risk out of the cloud.This technology turns the tables on the hacker world, simply by eliminating profits.
CTK – Digital Currency for Security and Storage The Cryptyk platform is much more than just a complete cloud security and storage solution. It’s the engine that drives an open-source ecosystem with its own digital currency, the Cryptyk Token (CTK). Cryptyk Tokens power a new cyber-security economy which incentivizes participation from a like-minded community of enterprise customers, individual consumers, software developers, crypto-currency miners, and investors. Customer partners receive free tokens to for trial our product trialss while open-source developers are paid in tokens to develop APIs / plug-ins for integration with third party business software.
Unlike most digital currencies, the high utility of the Cryptyk Token means that long term growth in its tradable price is mainly driven by customer adoption and use of the security platform usage, much more so than by the short-term effects of investor speculation.