Blockchain Advantages Transforming to the Enterprise Database

Many businesses want to reap the benefits of blockchain in enterprise databases in relation to the visibility and origin of data. Actually, they do not necessarily understand or may need the complexity that comes with its decentralisation facility. Our research focuses on simplifying usability and reducing management overhead for use cases where a reliable cloud provider operates the solution. Although some businesses do not require full decentralization, sometimes they require non-repudiation and core functionality. Despite customers' trust in cloud providers, they are still mutually mistrusted. We are building a centralized solution that provides blockchain properties while protecting the right behavior between customers.

In large and open blockchains such as Ethereum and Bitcoin, decentralization is considered a major concern. But in the enterprise world, decentralized trust is not required in many use cases. We found that businesses are starting to use blockchain as a kind of datastore so that they can enjoy the origins and immutability of data. At the end of the day most of these solutions are being executed and deployed on a single cloud provider, so not really decentralized. For example, the Department of Motor Vehicles manages a large amount of data about cars. Various organizations such as insurance companies consume this data and want the ability to prove that the data is real, based on its emergence and access to features such as non-repudiation.

Using a Blockchain Platform Like Any Other Database

Our goal is to allow the blockchain platform to be used in the same way as any other NoSQL or SQL or document database. It will be able to rapidly adopt blockchain across the enterprise, offering something easier to use than the current decentralized platform. By combining the features of blockchain with a regular database, we provide two benefits to these businesses. First, we simplify data management. Second, we give them blockchain databases with a layer that uses cryptography and provides most of the benefits of blockchain without any complexity.

We are working on an exciting use case as part of the EU-funded project C4IIoT, where a partner in the automotive industry wants to collect information from IoT devices in their cars, including: temperature, brakes , Whether or not the car overheats, is a sign that a part needs to be replaced, and more. This data covers the entire history of the vehicle, and can be combined into a one-of-a-kind passport for the car. In this way, if a problem or accident occurs, the insurance company can access the blockchain database and obtain information from IoT devices. All of this information is irreversible and helps us to prove with high confidence what exactly happened to the car, whether there was a problem with the brake, or the engine, or any other component. Even if the data shows that there is a malfunction in one of the models of the car, we can be sure that no one has tampered with the data.

Suppose we have an HR or payroll system in a large corporation that uses a blockchain database. If someone made an innocent mistake that listed an employee as unmarried rather than married, or they forgot to update that person's file with a new promotion, it would significantly reduce salaries and benefits. Can affect. In a database with no source, the cost of understanding what happened, how it happened, and when it happened, is extremely expensive.

Tracing the history and rolling back the data to see when it actually happened is very difficult or sometimes impossible. But, with a blockchain database, we have provenance. As soon as someone realizes that a mistake was made, they can quickly find out when it happened, who made the mistake, and the root cause, and then solve the problem. Think of all the systems that manage sensitive internal information within a corporation. And of all the ways that such a system can benefit by enabling the emergence of data. For example, take a problem related to disk corruption that modified some bits. Unless you are using a blockchain database, it will be very difficult to understand and test how and when this happened.

Dive Deep Into Your Data

We distribute this database directly. There is no need to program it separately from a regular database, yet it allows a business to take a deep dive into its data with built-in trust and security. This way you can find the root cause and find a way to fix it.

Getting ahead of the curve is sometimes a hindrance in itself. We are currently conducting market research to find out how enterprises can use this type of database, and are looking for partners to start a pilot to prove the concept. This will enable us to further evaluate the performance and soundness of the APIs we are developing and test their robustness in additional real-world scenarios.