[BLOG] Safety and Convenience of GUHADA
Online Shopping Mall: Can you be safe and use it without caution?
As advancements in technology continues, online shopping malls are becoming increasingly popular. Many of us can purchase our gifts and favorite things through a click of a button nowadays. You can even purchase a personal “space travel” ticket online.
However, if you want to conveniently shop online, you need to enter your personal information on the designated site.
As the world becomes more and more technologically advanced, the need for protecting your personal information becomes more important. At times, because of the personal information flowing around online, there are cases where people lose their assets.
Such cases of identity theft or losing assets online happens from time to time. Airbnb had been hacked and the hacker made payments using another person’s account, Facebook had been hacked in 2018, etc. There are many cases of hacking that everyone needs to watch out for.
To solve such issues, there had been lots of cases that the companies are developing safety systems for online platforms. Including online shopping malls and social media networks, there are voices rising for regulatory and mandatory safeguards needs to be conducted through governmental policy. Currently, it is difficult for companies and facilities to get a good grasp on what needs to be done to facilitate the safety measure.
Blockchain to solve hacking issues
Blockchain has been rising as a solution for hacking nowadays. When blockchain is applied on platforms, it can fundamentally solve such online hacking problems. Blockchain can record information through a hashing mechanism, and it can transparently share the information that is uploaded on the block. It is a DLT system that saves data onto multiple computers, which makes hacking impossible.
GUHADA, an online shopping mall safe from hacking
GUHADA is a user-friendly online shopping mall platform that blockchain technology is applied. First, GUHADA is a blockchain based online shopping mall that there is no need for worries of hacking. Just because it is blockchain based, that doesn’t mean that it is not user-friendly. GUHADA is an online shopping mall that everyone can use with convenience and at ease.
On GUHADA, to access the account and person information, it requires a private key. A private key can look at as a password to approach personal account for deposits and withdrawals. Such a private key is encrypted in a complicated way so that the information about the private key is impossible to hack. The information regarding the private key is stored separately in a distributed network, with specified individuals who are responsible for the private key in the network holds unique and different parts of the private key. The unique parts are put together to form the private key when it is needed. This method follows the concept of Shamir’s Secret Sharing.
Also, even if the private key is lost, it can be recovered through the verification by the responsible nodes in the network, so there is no need for worrying about the recovery of the lost key.
GUHADA is a blockchain based online shopping mall that allows the viewing of the purchaser and the seller’s information, including, previous transactions, transfer of ownership, and more transparently. All the account information is safely secured through the blockchain as well. TEMCO is utilizing blockchain technology to develop GUHADA, that presents top class safety level and is currently under the process of developing UX/UI design. As mentioned previously, GUHADA is proceeding with the best online safeguard through blockchain to minimize the vulnerability to hacking.
TEMCO: Innovative Supply Chain Data and E-Commerce Solution through Blockchain and Smart Contract Technology.
▶TEMCO Chatroom: https://t.me/temcolabs
▶TEMCO Official Website: https://temco.io
