The key to Cryptyk’s decentralized storage and security technology is that it leverages the speed and scalability
of major centralized storage providers, while also leveraging the immutability
of the blockchain for security auditing of all user activity. Uploaded files are first encrypted and then split into 5 separate randomized pieces and then encrypted a second time. Each doubly encrypted randomized file piece is then stored separately across 5 major cloud storage providers such as IBM , Google or AWS. Every user access event, every file modification event and every file sharing event is permanently stored on the blockchain for internal security analysis and monitoring.
This hybrid integration of two decentralized platforms offers the first cloud storage solution that is broadly immune to (1) external threats, (2) internal threats, (3) DDoS attacks and operational failures, (4) surveillance threats, and (5) viruses, malware and ransomware. CTK also acts as the underlying payments platform for VAULT and SENTRY cloud products. The CTK token economy will drive customer adoption of the CRYPTYK CLOUD product suite and incentivize 3rd party development of an APP ecosystem built on our cloud storage.