INFINITUS CREATES SOLUTION FOR PROBLEM PLAGUING CRYPTOCURRENCIES

Infinitus, a promising Smart Designation Repository system won the award at Startup Blockshow in "Blockchain without Borders Summit 2018" for their plethora of essential purposes and exceptional technological contribution concerning blockchain storage and relevant security solutions.

Singapore, Singapore - June 12, 2018 /MarketersMedia/ —

In the recent past, hundreds of millions of dollars’ worth of cryptocurrency have been lost due to lax security measures and accidental happenstances. Fortunately, Infinitus - Smart Designation Repository, incorporated in Singapore, identified this problem plaguing the cryptocurrency and blockchain space and created a safe and secure way of storing digital data using blockchain technology and smart contracts, only allowing a certain person or location to gain access to the stored data when a user pre-determined trigger is activated. Think of it as an additional safeguard on top of the standard soft and hard copy backups.

In New York, New York, on 12th May 2018, at the Blockchain Without Borders Summit 2018 held by Liaoyuan with Spark Blockchain Incubator, the team of Infinitus - Smart Designation Repository was awarded the winner of its Startup Blockshow for their creative and innovative solution on securing valuable and sensitive data.

Functioning as a dApp or decentralized App, Infinitus - Smart Designation Repository is most suitable for storing simple alphanumeric data, passwords, numeric pin, recovery seed (24 - 96 Words), wallet files, private & public keys, JSON files, UTC files, keystore files, mnemonic phases, last but not least - short text messages.

Should the unfortunate happen where your data is lost, you will have the backup of the Infinitus Smart Designated Repository via the Infinitus dApp. The smart contract will be activated, and through the Infinitus platform, the data will be retrieved and sent to a pre-determined location. When the retrieval trigger is set to 90 days of inactivity on your Infinitus account, you will, after logging out for 90 days automatically activate the smart contract to retrieve your keys. Your information is sent to a personally pre-selected and named receiver.

The stored data is fragmented, replicated, encrypted and distributed to all peer-to-peer nodes on the decentralized network; this implies that you can save sensitive information as an additional safety feature which only you will be able to access in the event of traditional or accidental data loss.

This ground-breaking research into digital protection for crypto assets began mid-2017 by the core team, with a wide variety of professional disciplines including Mergers and Acquisition, FinTech, Technology and many others.

Executive Officer and Co-founder of Infinitus, Xanne Leo, a corporate advisory specialist with proven success in the startup world together with Eric Song, Co-founder of Infinitus and strategic advisor - a former equities and futures trader with portfolio management experience at a billion-dollar hedge fund, aim to achieve greater strides with securing the safety of valuable and sensitive data.

Other core members include Dr. Ting Shang Ping with over a decade of experience in the financial technology, AI space, and blockchain advisor Ronald Aai, a blockchain technology veteran who is known to have taken many new ideas to corporate success.

Infinitus mobile app will be available on the Apple App Store and Google Play Store as early as June 2018.

Visit www.infinitustoken.io to learn everything about Infinitus, and join the discussion on Telegram, where you can find out answers to any question that you might have and interact with the Infinitus team directly.

Visit the Website: http://infinitustoken.io
Twitter: https://twitter.com/InfinitusToken
Telegram: http://t.me/infinitustoken
Telegram official announcement channel: http://t.me/infinitustoken_ANN
Medium: https://medium.com/infinitustoken
Linkedin: https://www.linkedin.com/company/infinitustoken/
Enquiries & Media Contact
Email: [email protected]

Contact Info:
Name: Teresa
Organization: Infinitus Technologies Pte Ltd

Source URL: https://marketersmedia.com/infinitus-creates-solution-for-problem-plaguing-cryptocurrencies/358636

For more information, please visit http://www.infinitustoken.io

Source: MarketersMedia

Release ID: 358636