How KRATE data storage works.
Current storage solutions consistently fail to deliver data security, either through a human or technical failure, despite promises to be good custodians.
Central data silos provide high value targets for hackers much like banks provide high value targets for bank robbers.
Only 4% of all stolen data was encrypted due to data privacy protection relying heavily on access controls as the only line of defense.
Training and implementation errors of privacy protection systems leads to human error, creating environments with avoidable security risks.
A new blockchain, smart contract system, and masternode implementation to create a decentralized and distributed peer-to-peer data storage marketplace providing self-sovereign data storage to individuals and organizations that follows these principles:
Least privilege: Access is limited to users with a legitimate purpose or role.
Need-to-know: Information will only be shared or discussed if it is required to perform a specific task even if the person has access rights.
Privacy by design: Design and implementation are privacy driven.
Encryption at rest and in transit: Encryption is completed before data is uploaded to ensure only data owner and entities authorized by the owner are able to decrypt data on the network.
Full auditing: Alert data owners of possible misuse, misrepresentation and misappropriation of data.
A combination of erasure coding and checksums allows the KRATE Storage network to repair corrupted or missing user data with zero knowledge of what the data is. Data owners do not need to keep their node running to maintain data integrity.
Achieving and maintaining compliance with PIPEDA in Canada, HIPAA in the US, or GDPR in Europe, is made easier with the ability to enable or disable integrated privacy standards on demand.
Storage contracts allow for the user to specify regions where data can be stored for unique compliance requirements like the UKUSA Intelligence Agreement which specifies data is stored in the Five Eyes member countries.