Cryptyk produces software that consolidates cloud security and storage capabilities onto one platform, accomplishing this feat by incorporating encrypted, decentralized file storage within blockchain auditing and monitoring. This hybrid approach not only operates with an open-source cybersecurity ecosystem, but it also has its own cryptocurrency—the “Cryptyk token”—to sustain an independent cybersecurity economy for enterprise customers, individual consumers, security vendors, software developers, and cryptocurrency investors.
The platform looks to revolutionize the ICO market. Given recent trends of rising blockchain investments, Cryptyk aims to make its own independent cryptocurrency economy an easily accessible asset to its users while also serving as hack-safe file management and storage software.
Cryptyk’s ICO opened for private pre-sale in early February and will remain open until April 20, directed toward funds, VCs, and high net worth investors, requiring a minimum of $5000. Private pre-sales are only open to accredited investors in the United States, but Cryptyk will also open itself to public sales internationally at a minimum investment of $250 from May 1 to June 1 this year. Although public sale cannot be accessed in the U.S., Canada, Brazil, or China, the public sales allow broad access to ICO investments.
By innovatively utilizing cryptocurrency in tandem with security and storage cloud services, Cryptyk is faster than other blockchain storage platforms, making it ideal for real-time file collaboration than just simple file backup storage. It is also less costly than other solutions, which tend to be multi-vendor and more complex. Cryptyk supports its backups through a blockchain leger, which monitors, audits, and tracks all user actions and file-sharing. The software encrypts each file, splits the file into piece, and re-encrypts it before storying it on five separate servers. This makes data managed through Cryptyk safe from operational failures, as well as external, internal, intercept, and viral threats.
Cryptyk has further pushed its capabilities through its recent partnership with Design SHIFT, which aims to produce digital hardware that manages safe encrypted networks. The partnership is realized on Design SHIFT’s ORWL computer devices, marking an inventive step in digital design with combined software and hardware security systems. Since most computer hardware is still compromised by physical access, ORWL combines banking security measures and innovative authentication technology into a personal computer device. Each ORWL has its own key and password, acting as a dual-action digital gatekeeper to the user’s device. While
The devices were released in January, indicating Cryptyk’s rising presence in the cybersecurity market and potential for digitally revolutionizing cloud operations, safety features, and the blockchain at once.
Other investors have their eyes set on Cryptyk. Bob Bender, the CTO of the Founder’s Credit Union recently released a statement announcing his company’s partnership with Cryptyk.
“Cryptyk is one of the Top 5 most exciting technologies that I’ve seen in 30 years, and it’s hard not to get excited about it or what it will do for the cybersecurity industry,” Bender said.