DECENTRALISED DATABASES AND FUTURE APPS
Dec 02, 2017 Posted / 5714 Views
The progression in technology is the prerequisite of the human evolution. It is inescapable as for the conformity of the development and enhanced work performance. The blockchain is predicted to be one such revolution, which will have futuristic applications. The forecasters believe that the collaborative effect of this technology will be enormous in comparison to all other progresses. One such expansion, which is sure to make it an undisputable and supreme king of all inventions, tools and software advancements, is the decentralized database model.
A decentralized structure is where the control and access of data are not limited to an authority or entity and, is based on distributed ledger system where each party involved has equilibrium in functioning and utility. As a result, it helps overcome many limitations of the previous technologies.
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Even though a centralized cloud-based structure is also an achievement over the single-system model, yet privacy and data immutability are compromised in that format. A decentralized system will give the power to secure your data without worrying about manipulation, theft, breach of privacy, inefficiency and delayed information.
The blockchain is gearing up to develop an advanced version of the Internet, which is much safer. Ethereum backed by Blockchain technology can facilitate in providing the new age applications called dApps, or decentralized applications. These dApps intend to transform the attitudes and behaviors of humans especially in the area of Product Consumption. They will actually share substantial quantity of data that involves storage and supervision. The dApp developers are developing the new age applications on the blockchain, which are empowered by the conventional cloud-based databases. In fact, any hindrance in the application is removed by the decentralized model, which ensures elevated performance, accessibility, security, and trustworthiness.
Every year, one or the other country of the world faces a massive data breach resulting in the scam of billions of dollars. Be it recent Yahoo, Zomato, Target or any other, the compromises on security are intolerable especially when the loss is to be bored by the average individuals. If Blockchain is supported with the decentralized data model it can offer a solution to many digital identity frauds. The main notion will remain the verification and objectivity of the person, which has to remain irrefutable and secure.
The present-day security methods rely on the password encryption techniques which are not safe and more of the problematic system. However, the blockchain based verification methods use digital signatures on open key cryptography. In blockchain personality confirmation, is the lone verification conducted and if or not the correct private key is signed the compliance of transaction will be based.
Data streaming networks are those, which provide the data sharing capabilities between the consumers and the producers. For instance when you need real-time traffic status. In data streaming the data points need to be scalable in measures of performance and reliability, which is why a decentralized model in data streaming can store all the network data and ensure security.
Applancer is an open platform for discussion on all things like Blockchain , Cryptocurrency and Ico news updates. As such, the opinions expressed in this article are the author's own and do not necessarily reflect the view of Applancer .
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