Dubai, UAE, June 09, 2022 – (SEAPRWire) – Inery has announced the Launch of its Cross-Chain database management in the Web3 metaverse space recently. In the last few years, People have seen the emergence of multi-cloud platforms like MongoDB offering database management solutions. People have also witnessed projects attempting decentralized data storage solutions in the blockchain space. However, none of these solutions offer a fully decentralized database management model.
Inery is the first-ever decentralized database management and blockchain solution that will likely bring a new paradigm for data in a web3 era. It is a layer-0 blockchain that specifically addresses database management by combining the functionalities of blockchain with the current architecture of database management.
The need for decentralization in legacy database management
The value of data in the digital landscape continues to grow exponentially. Managing data has become as critical as having data. But the traditional approach of storing data on centralized servers no longer works. The traditional storage-centric data models are siloed, resulting in unstructured data, security challenges, and a lack of governance over data assets.
Inery lays the pathway to web3 economy by allowing users to control their own data. The decentralized nature of the Inery blockchain ensures security against threats posed by malicious actors. Furthermore, the data on the Inery blockchain remains immutable and hence cannot be deleted or modified, thereby enabling the integrity of information.
Database management on IneryDB is on a distributed architecture. In other words, the data is managed on multiple servers or nodes instead of a centralized server reducing the risks of potential hacks.
“I believe that there are better ways to address database management rather than the conventional centralized systems, which not only increase users’ cost but also make users’ data vulnerable. And with Inery, People are building a decentralized solution that activates a new paradigm for data accessibility. The blockchain solution will allow people to issue and control their data assets providing a more secure and reliable architecture to manage their data,” said Dr. Naveen Singh, the CEO of Inery.
IneryDB distinguishes itself from other database management solutions by allowing the usage of metadata to extract key value from information.
The use of metadata
Put simply, metadata refers to the summary of the actual data or document. In other words, it is important information about the data itself. For instance, the metadata of a video (document) may contain all the relevant information such as date, time, place, owner, etc. It allows a user to capture, search, index, and find information from unstructured data forms.
Inery captures metadata of data, documents, and files which is distributed across several nodes instead of a centralized server. This makes it possible for the blockchain project to store, access, manage, and deliver data on a decentralized infrastructure in a secure manner.
Cross-chain database management in the metaverse
Inery’s layer-0 blockchain supports high performance with consensus mechanisms that ensure over 5000 tps rate. Its inherent design framework allows cross-chain interoperability with data transfer in a secure environment. Inery blockchain, built to address database management, supports a wide range of use-cases in different sectors, including healthcare, aviation, finance, governments, and even metaverse.
Today’s metaverse applications are hosted on frontend websites. Similar to a centralized infrastructure, the developers can pull off the data and applications. Inery blockchain allows metaverse users’ and applications’ data to be stored on its decentralized database management solution. Users are never in a threat of losing their information as their data is stored on a decentralized and distributed network.
Moreover, this opens up the possibility for cross-chain data management between different metaverse applications for the first time. In other words, a user can transfer data from one metaverse-based application to another as the data is pulled from IneryDB.
Inery is the first-ever layer-0 blockchain solving the fundamental problem of decentralized database management with the vision to enable a new paradigm for data. IneryDB combines blockchain functionalities such as immutability, security and user-controlled data assets with distributed database management properties such as low latency and complex queries. The layer-0 Inery blockchain enables cross-chain communication of data, greater speed and security, and energy-efficient architecture for sustainable development. Inery sets the base for web3 future to enable value creation by seamlessly connecting with other systems, applications, and layer 1 networks.
Inery blockchain specifically addresses database management integrated with blockchain functionalities such as decentralization and security. With the first-mover advantage, IneryDB is the only platform offering a fully decentralized database management solution.
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