Data breaches are on the rise with the financial sector being the primary target for hackers.
The number of U.S. data breaches of private and sensitive information in 2016 reached a record high of 1,093, up 40% from 2015 of 780 reported data breaches.
Of the overall data breaches in 2016, the financial sector led at 45%.
Customers are forced to store their data with companies, individuals and banks in order to do business with them. This is typically bank accounts, credit card numbers, ID’s, addresses and Social Security Numbers.
No one would ever store their wallet in cloud storage but that is what you are essentially doing with digital currency exchanges. You can lose your hardware wallet or phone containing your digital wallet and cold storage is inconvenient.
With game changing transmission and storage technology, ConnectX brings a new approach to storing financial information and performing extremely large transactions in a network of small satellites.
Exportly uses the blockchain as the intermediary between international buyers and sellers of commodities reducing costs by 15-50% by eliminating traders, brokers and banks. Trading goods between countries is a $12-15 Trillion per year market. This product module is called Exportly.IO.
Vital to Exportly is the ability for customers to store their digital currency wallets and other information related to the international commodity trade transaction. ConnectX coin sale participants will also use this application to store their digital wallets and purchase ConnectX coins.
Phase 1 (Secure): Customers will download our ConnectX mobile app allowing secure access to our servers over the Internet. They will then be able to store their wallets and perform financial transactions in our secure ground-based system. The mobile app uses current state of the art security.
Phase 2 (More Secure): The ConnectX Hub is a standalone unit which will be used by anyone, home or business, to transmit transaction data to our servers. The transmission from the ConnectX Hub to our servers is highly secure and uses the same ConnectX data transmission symbol technology to send and receive information. This network segment removes the use of the Internet giving you another layer of security. The standalone ConnectX Hub can be used by anyone within WIFI range that has the ConnectX mobile applications installed. ConnectX Hub owners will earn a portion of the transaction fees paid to ConnectX for keeping the ConnectX Hub operating and a higher portion if their Connectx Hub is used to perform a transaction.
Phase 3 (Even More Secure): ConnectX will install ground stations utilizing the ConnectX-3D technology to send and receive data from our servers to our satellites. The orbiting satellite nodes will store digital wallets and perform financial transactions. You will use the same mobile applications from Phase 1 and 2 but your digital currency wallet and financial transactions will occur in satellites, not ground-based servers.
Phase 4 (Most Secure): ConnectX will release the S1W HARDWARE DEVICE. This is independent of the S1W mobile application and connects directly to our satellites entirely eliminating the use of the Internet. This device is for power users who require the highest levels of security and perform very large cryptocurrency transactions (Exportly customers and frequent cryptocurrency users).
No data is ever stored on any server or device on earth eliminating the use of the Internet entirely. The system gives you the ability to do financial and smart contract transactions with unparalleled security.
Completion of Exportly and S1W application. Secure data storage solution available in nodes on earth. Paying customers. Test satellite payload in high altitude balloons.
Three Satellites launched while connected to nine nodes on earth. Begin sales and marketing efforts. Exportly and S1W will be released on the terrestrial blockchain and have paying customers.
Launch the remaining nine earth connected satellite nodes to complete one orbital ring with 24/7 access. Continue sales and marketing efforts.
Launch additional orbital rings for global accessibility.