Data, in the midst of a revolution. More than half of the world’s population is connected with the internet engaging and interacting with their information in some form or another. From photos and videos to research reports, financial information, and much more — our lives are intricate with information more than ever.
In the last decade, from 2010 to 2021, the amount of data captured, consumed, and created increased by about 5000%. However, the current infrastructure of the internet is highly centralized. This has made data, the most valuable resource, also the most vulnerable resource.
The centralized proprietary services of database management to capture, store, and engage with data have become redundant. Conventional database management solutions are strife with complications, lack of a secure infrastructure, and absence of user control over their data assets.
The Web3 Vision
Empowering the web3 vision, Inery is the first-ever decentralized database management and blockchain solution. With a user-focused approach, Inery’s vision is to enable a decentralized, secure, and environmentally sustainable foundation of database management to activate an upgradable way of accessing data.
The creators of the platform envision activating a new paradigm for database management by offering a scalable solution that allows enterprises and users to control, manage, and retrieve their data efficiently.
Fulfilling this vision that empowers users, the Inery ecosystem comprises two core products — IneryDB, the decentralized database management solution, and Inery blockchain, a cross-chain solution for deploying decentralized applications.
IneryDB — A decentralized database management solution
In the last few years, the new architecture of multi-cloud database platforms has become popular as solutions to database management. Their features of low latency and complex query functions have enabled organizations to manage their data stacks. However, these conventional solutions are strife with several drawbacks that include data manipulation, poor privacy, vulnerability to thefts due to centralized architecture, and practices of unethical activities.
To cater to these above-mentioned complexities of conventional database management solutions, Inery combines blockchain technology characteristics to distributed properties of database management. Blockchain technology’s core functionalities of immutability, tamper-resistant, and decentralization can fundamentally disrupt the conventional systems of database management.
Using blockchain, Inery offers a decentralized database in a distributed system. It also combines the desirable properties of conventional databases such as complex search queries and low latency to facilitate an optimum solution for database management.
Inery Blockchain - A cross-chain solution for deploying decentralized applications
The second core product in the Inery ecosystem is geared towards enabling innovation in the decentralized ecosystem. Its novel blockchain architecture is designed to enable cross-chain compatibility along with offering high throughput and scalable design framework.
The cross-chain compatibility functionality allows the transfer of data assets without compromising on its security. Furthermore, the blockchain’s support for parallel processing enables high speed and scalability that supports up to 4800 transactions per second (tps). The higher transaction rate ensures that blocks are added to the blockchain every half a second with a transaction finality rate of less than two seconds.
Inery’s blockchain design specifically caters to the concerns of the current network architecture. Conventional blockchain platforms face setbacks in terms of poor performance, energy inefficiency, and poor governance mechanisms.
Considering these issues, the Inery blockchain is designed with consensus algorithms that facilitate a sustainable foundation and an eco-friendly structure. Along with this, the DAO governance mechanism of Inery ensures cohesion and decentralization amongst stakeholders allowing cleaner and quicker resolutions as well as upgrades.
Join us as we activate a new paradigm for database management
Combining distributed database properties with blockchain functionalities, Inery activates a new and upgradable way of accessing data. Its ecosystem is a perfect match for users and businesses seeking immutable records of data ownership, sophisticated security enhancements, a scalable and sustainable blockchain architecture.
Inery is the first-ever decentralized database management and blockchain solution with the vision to enable a new paradigm for data. The platform activates an upgradeable way of accessing data by combining blockchain technology functionalities such as immutability, security and user-controlled data assets with distributed database management properties such as low latency and complex queries. Its layer-1 blockchain enables cross-chain interoperability, scalability and an environmentally sustainable network to support the deployment of decentralized applications.
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