Data is one of the world’s most valuable, yet vulnerable, resources. More than 80% of the world’s population exchanges data and shares information ranging from photos to videos and documents. Every industry in the world interacts with data. The amount of data we consume every day over the past decade has skyrocketed by 5,000%. This shows how essential it is to our daily life.
Given the large amount of data exchanged, it is necessary to have a secure database management system that stores and captures the data. However, current database management systems are plagued with limitations and complications that make data accessibility inaccessible.
X-ray issues with current database management system infrastructure
The emergence of database management systems made it possible to store stacks of data and applications on a server or central location. The current database management system is centralized, which makes it limited in many areas. Although the advent of cloud platforms has improved data storage, its architecture still has some disadvantages, such as poor data control, data manipulation, low privacy, etc.
In a centralized database, data is stored and maintained from a single point. An individual or a group of individuals have absolute power over the system, leaving users with no say in the operation of the system. Since the data is stored at a single point, it becomes subject to the risk of failure. Data could be erased if the server is exploited. In addition, data confidentiality could be compromised.
Lack of privacy, high data traffic, and server vulnerability are some of the problems with centralized database management systems. Consequently, the call for a better data storage system became widespread, leading to the emergence of decentralized database management systems like Inery.
Inery takes a different approach to data management and storage
Inery is the first decentralized database management system that leverages blockchain technology to store data across multiple nodes and uses cryptography to improve data security and access. Companies, businesses, companies, corporations and individuals can leverage Inery’s infrastructure to store, manage, share and access their data. Thanks to the blockchain, the stored data cannot be modified.
Inery powers the web3 vision to offer a decentralized and environmentally friendly solution focused on data management and application deployment. The ecosystem changes the paradigm of data management and application development with a scalable infrastructure to control, manage, access data and efficiently facilitate application deployment.
The Inery blockchain was created to meet the growing demands of developers looking for a scalable, cross-chain network in the DeFi space. As a cross-chain compatible blockchain, Inery enables data transfer without compromising security and privacy. It uses a Proof-of-Stake consensus mechanism that protects the network from hackers and facilitates high-speed transactions with low latency.
How Inery differs from other DeFi ecosystems
Many blockchain platforms are performance-limited, energy-inefficient, non-scalable, and have poor governance mechanisms. Not only has the increase in power consumption led to a drop in performance, but also an increase in transaction costs.
Inery’s layer-0 blockchain solves these problems with its environmentally friendly Proof-of-Stake consensus algorithm and DAO governance mechanism. Stakeholders will be empowered to make quick decisions that affect the blockchain. The power level depends on the number of piles.
In summary, Inery;
- Integrates blockchain functions with a distributed database for data management
- Meets the various needs of businesses, governments, banking institutions, etc.
- Offers unparalleled security, speed, and low-cost database solutions
- Allows cross-channel data management.
- Offers a free database backup solution to protect data
- Allows users to access and control their data
Inery’s vision is to change the data management paradigm, which they have been doing so far.