TopiaCoin: Building a Secure Future for Blockchain Applications

John Chambers, the previous Chairman and CEO of Cisco Methods Inc., famously mentioned that “there are two varieties of firms: these which were hacked, and people who don’t know they’ve been hacked.”

Some notable breaches over the previous few years embody the three,000,000,000 e mail accounts at Yahoo, the 143,000,000 credit score recordsdata at Equifax, and the 87,000,000 Fb accounts accessed by Cambridge Analytica.

The rationale why these information breaches happen and maintain occurring is that information lies on central servers simply ready for hackers to breach the firewall. In Decentralizing Privateness: Utilizing Blockchain to Shield Private Knowledge, the authors write:

“The current improve in reported incidents of surveillance and safety breaches compromising customers’ privateness name into query the present mannequin, wherein third-parties accumulate and management huge quantities of non-public information.”

The purpose then is to maneuver away from gatekeepers to a decentralized system. Nevertheless, the decentralized system additionally presents many challenges. The “Godfather of Bitshares” Stan Larimer says:

“Right this moment, there isn’t any actual information safety for blockchain-based purposes, and there may be a large want within the market for a safety layer.”

The actual alternative then lies in securing blockchain-based purposes. This leads us to suppose the place this sort of know-how may exist at this time and the primary place that got here to thoughts is the navy. In any case, the navy wants end-to-end encryption that can not be hacked.

Topia Expertise

To satisfy its wants, the navy has relied on Secrata, developed by Topia Expertise. It’s the solely enterprise safety platform offering triple-layer encryption and separation end-to-end, defending towards brute pressure assaults and extra revolutionary safety threats. It has provided unparalleled safety, flexibility, and efficiency for US authorities companies such because the Air Power, Military, FAA, TSA and different enterprises which have required safety coupled with strict efficiency metrics.

What Topia Expertise has performed is mix its patented safety for shredding and encrypting information with the facility and transparency of blockchain into its SDFS community. People and companies will be capable of rapidly and securely share any digital asset with out a central server and with the arrogance that every transaction isn’t solely carried out in a method agreed upon by the blockchain, however it would even have the flexibility to protect towards a number of threats.

SDFS Community

As a part of the launch of the SDFS community, Topia Expertise will launch a new cryptocurrency token often known as TopiaCoin. This token will probably be used throughout the SDFS community to pay for providers in addition to reward customers who contribute to the wholesome functioning of the Community. As outlined within the white paper, frequent use instances embody:

  • Secure Messaging dApp utilizing SDFS – An organization requiring the necessity to for safe communication between workers can create a Secure Message utility on high of the SDFS community
  • Supply of Digital Property for On-line Gross sales – An organization that should securely course of the sale and distribution of digital belongings (corresponding to films, music, or digital tickets) may use the SDFS community and information layer libraries to streamline the supply course of.
  • Attorneys, CPAs, and different skilled service suppliers want to have the ability to change confidential paperwork with their prospects and purchasers.

By utilizing TopiaCoin’s Secure Decentralized File Sharing (SDFS) community, builders and producers of the Web of Issues (IoT) units will be capable of construct safety into their merchandise from the bottom up through the use of the ready-made constructing blocks offered by the SDFS libraries.

The SDFS community fills the safety hole in decentralized methods and permits builders to leverage the decentralized Web to energy their decentralized purposes. By “Secure File Sharing”, the primary DApp obtainable on the TopiaCoin community, people and companies are capable of rapidly and securely share any information file or digital asset with out the necessity for a central server or authority; and, with the arrogance that every transaction is carried out in a method agreed upon by the blockchain.

ICO

In comparison with different preliminary coin choices, TopiaCoin has been designed from the start to construct belief and investor religion by holding present with all SEC rules. To take action, Topia retained the celebrated regulation agency of Wilson Sonsini Goodrich & Rosati who’ve structured TopiaCoin as a safety that’s provided by a SAFT. This essential step, in our opinion, makes TopiaCoin one of many high ICOs at this time as a result of it might probably move any and all regulatory scrutiny, which is extraordinarily essential in at this time’s setting.

For accredited traders seeking to benefit from this floor flooring alternative, the pre-sale remains to be happening. The general public sale will run from Could 15 to June 5, 2018. Extra data might be discovered on the TopiaCoin web site, white paper, Medium, Twitter, and Telegram.

 

About Tom Greenly

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