Many companies want to take advantage of Blockchain in terms of the visibility and origin of the data. However, you don’t necessarily want or need the complexity that comes with the decentralization function. Our research focuses on simplifying the usability and reducing the administrative burden for use cases where a trustworthy cloud provider operates the solution.
Though some Companies Full decentralization may not be required, but non-rejection and lineage capabilities are required. Despite the trust customers have in cloud providers, they are mutually suspicious. We are building a headquarters solution This offers blockchain properties and at the same time ensures the correct behavior of the clients.
In open blockchains like Ethereum and Bitcoin, decentralization is a major concern. In the corporate world, however, many use cases do not require decentralized trust. We noticed that companies are starting to take advantage Blockchain as a kind of data repository so that you can enjoy the origin and immutability of the data. Ultimately, most of these solutions run and deploy from a single cloud provider, so they are not really decentralized.
For example, the Automobile Department maintains a wide variety of data on automobiles. Various organizations like insurance companies use this data and want to be able to prove that the data is real based on access to its origin and features such as non-rejection.
Why not a blockchain platform that can be used like any other database?
Our goal is to make that possible Blockchain platform similar to using any other NoSQL or SQL or document database. This enables a faster introduction of the blockchain in the company and at the same time offers a simpler use than the existing decentralized platform. By merging the functions of the blockchain with a regular database, we offer these companies two advantages. First, we simplify data management. Second, we give them the blockchain database with one layer that uses cryptography and has most of the benefits of the blockchain with no complexity.
We worked on an exciting use case as part of the EU-funded project C4IIoTwhere one of the partners from the automotive industry Industry wants to collect information from IoT devices in their cars, including: temperature, braking, whether the car is overheating or not, indications that a part needs to be replaced, and much more. This data covers the entire history of the vehicle and can be combined into a kind of passport for the car. This way, in the event of problems or accidents, the insurance The company can access the blockchain database and pull the information from the IoT devices. All this information is immutable and helps us to prove with a high degree of certainty exactly what happened to the car, whether there was a problem with the brakes, the engine or some other component. Even if the data shows that there is a defect in one of the car models, we can be sure that no one has tampered with the data.
Suppose we have a personnel or payroll system in a large company that uses a blockchain database. When someone makes an innocent mistake identifying an employee as a single Instead of marriedor they forgot to update the person’s file with a new promotion, it could have a significant impact on their salary and benefits. In a database with no provenance, the cost of understanding what happened, how it happened, and when it happened is enormous.
It’s also very difficult, or sometimes impossible, to keep track of history and reset the data to see when exactly this happened. But we have origins with a blockchain database. Once someone realizes that a mistake has been made, they can immediately find out when it happened, who made the mistake and what caused it, and then fix the problem.
Think of all systems that manage confidential internal information within a company – and of all the ways in which such a system can benefit from the origin of the data. For example, take a hard drive corruption issue where some bits have changed. This is very difficult to understand and study how and when it happened unless you are using a blockchain database.
Immerse yourself in your data
We deliver this database in a straightforward way. It doesn’t have to be programmed any differently from a regular database, but it does allow a company to dig deep into their data with built-in confidence and security – in a way that will help you find the root cause and a way to fix it .
Being ahead of the curve is sometimes an obstacle in its own right. We are currently doing market research to find out how companies can use this type of database and are looking for partners to start a pilot of the proof of concept. This will help us further evaluate the performance and solidity of the APIs we have developed and test their robustness in additional real-world scenarios.
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