Vortix: Why Businesses Need MySafe
Data breach is as widespread as common colds.
The Identity Theft Research Center (ITRC) reported 1,579 data breaches in 2017, signifying a 44-percent increase since the previous year and equating to a total of 179 million records exposed. That is a whole lot of information leakage. Fortunately, though, another breakthrough in blockchain technology has emerged to become the world’s first antidote to the growing threat of digital data infringement, and it is called MySafe.
MySafe
MySafe is a fully scalable and incorruptible digital vault, nestled on the blockchain ecosystem, Ethereum. Users are given unique keys to access several layers of security and granted with the freedom to scale up the capacity and features of their vaults at their own pace. MySafe, a web-based application, supports a wide array of files, including documents, recordings, passwords, pictures, videos, investment portfolios, and so on that the users can view or transfer as they wish. Because of the complex encryption method used in every transaction, activity and material within the platform, users are guaranteed ultimate safety and protection of their digital valuables. MySafe vaults, unlike physical vaults, are impenetrable.
MySafe for Business
Data breach or piracy is prevalent in the business sector. Hackers specifically target businesses and related organizations that manage a large volume of personal and other confidential data. Among them are banks, social securities, law firms, and health facilities. In fact, a 2017 ITRC report found 14.2 million cases of credit card fraud and a total of $905 million worth of consumer losses due to fraud, equivalent to a 21-percent increase since 2016. This affects both the individuals and the company concerned. On the side of the company, not only will its finances be affected, but also its credibility and future sales. Any company, therefore, is better off having MySafe as this blockchain-based application offers company users the following benefits:
Utmost confidentiality – Only the designated users can open the safe or authorize transfers. Thus, businesses can safeguard private information from competitors and hackers, including legal documents, passwords, prototypes, blueprints, research and development files, financial records, investment portfolios, and even private conversations. Even the MySafe admin won’t know the contents of the vaults.
Scalability and customization – MySafe offers 3 different types of vaults, namely Steel Vault (with single key, user, and transfer, and without sharing capability), Gold Carbon Vault (with 3-layer security key, sharing through multiple signatures, and partial transfer), and KryptoTitatium Vault (with 3-layer security key, multiple vaults, multiple transfer of vault via multiple signatures, and multiple users who are capable of uploading files and authorized downloading). Businesses can choose any of these vaults and upscale or downscale after the expiry date of the contract. MySafe also allows customized features as well which is great for businesses with complex organizational structure.
Cost-effectiveness – Digitalizing the company processes and keeping online databases and records save physical space (which can be costly) and reduce illegal duplication, compared to the traditional lock-and-key archiving process.
Seamless succession planning – In the event of death within the contract period, users may pre-execute wills that allow the transfer of their vaults to their appointed heirs.
Greener measures – Digital archiving saves a thousand trees from dying and digital burning of files further reduces the amount of harmful chemicals excreted into the atmosphere. Not to mention that nowadays, governments are starting to incentivize companies with greener operations.
Overall, MySafe is security and convenience in one platform. The only cons involved are the following:
Renewable – Contracts expire after a year. For businesses with long-term storage goals, this can be burdensome. Yet, with proper management, lapses can’t be avoided. Add to that, MySafe allows a reasonable grace period and gives notifications to users to either renew or end their subscription.
Web-based only – For now, the developers are still studying the possibility of a mobile platform. This should be easy once it is already launched.
Price is fixed in dollars – To mitigate the high volatility risk in cryptocurrencies, MySafe is priced in dollars which can be bought using converted ETH tokens via Metamask or other compatible Ether wallets. In the future, MySafe will entertain other cryptocoins.
TokenSale Details
MySafe token is Vortix Token USD (VTX), which is a utility token. Interested buyers, who likewise believe in MySafe’s vision, should be informed of the following details:
Technology: ERC-20 Ethereum
Available tokens: 200, 000, 000 ONLY
Token Price: 1 VTX = 0.2 US Dollar
Loyalty Bonus: 20% of net profit for up to 10 years since the launching of the first product
Discount Scheme:
1000 to 5000 VTX = 5% discount on MySafe products (tax excluded)
5001 to 20000 VTX = 10% discount on MySafe products (tax excluded)
20001 above VTX = 20% discount on MySafe products (tax excluded)
The presale is conducted by 5 lots with varying net discounts and minimum purchases, thus buyers are encouraged to get whitelisted in order to be duly informed and updated.
Given the importance of cybersecurity in terms of archiving digital valuables, MySafe has a relatively high long-term success rate. It is the first fully scalable and incorruptible digital vault, after all. Think of a cloud drive, an email, or any other storage app you currently use right now with a more extensive coverage and tighter security, and that essentially is MySafe.
For more information, visit the following pages:
Whitepaper: https://vortix.io/wp-content/uploads/2018/02/WhitepaperVortix1.9.pdf
Bitcointalk ANN Thread: https://bitcointalk.org/index.php?topic=4349724.0
Website: https://vortix.io/
Telegram: https://t.me/VortixICO
Twitter: https://twitter.com/VortixS
Facebook: https://www.facebook.com/VtxToken/
Bitcointalk User: Kalikanan
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2079149