Over the past few years, the world has rolled out a wide array of database models. These systems have gradually evolved with the changing dynamics of data and its subsequent infrastructure.
From the monolithic, centralized machines used by a few organizations to cloud computing which houses centralized data centers – the IT infrastructure for data management has substantially evolved to cater to growing data needs. But the current state of data infrastructure has also created some serious problems.
Corporate-dominated centralized systems
We now have decades of evidence that point toward the disappointment with centralized architecture. Billions of users have had their private data misused or stolen. The enterprises and creators that rely on centralized platforms have been subjected to unfair practices that take away their audiences and profits.
Additionally, users have to give up their privacy over their data sets and become vulnerable to security breaches. This is because centralization creates a single point of failure. So, over time, even the best entrepreneurs and developers have become wary of establishing their data infrastructure on top of centralized platforms.
Moreover, relying on the same architecture is likely to worsen the situation as the problems with centralized platforms will become even more pronounced.
Why decentralization matters in database systems
Decentralization can set the foundation for the third era of the internet. It could be the key to bringing back the original community-led ethos of the open internet. The premise of decentralization can also change the very foundation of the database management system (DBMS), one of the core components in the third era of the internet.
The next question is, what value-creation does a decentralized database system bring over a centralized one?
- Fault tolerance – If a particular data store is unavailable, the complete application stack does not become unresponsive. As the application stack relies on several separate components, it allows the application to be fault-tolerant by design.
- Attack-resistance – These systems are much more difficult and economically expensive to be attacked because they do not rely on a central point. Centralized systems can relatively be manipulated at much lower costs.
- Availability – Since a decentralized database network comprises several nodes, it can subsequently withstand significant pressure. In this architecture, the pressure does not fall on a single server; instead, it is distributed to the entire network.
- Collaborative – All the data changes of additions and updations are reflected throughout the network. The model is self-sufficient and self-regulation, embedding the factor of trust by design.
What does Inery bring to the decentralized DBMS solution?
Inery is the first-ever decentralized database management solution, built on its own layer 1 blockchain to enable a paradigm shift for database infrastructure.
In addition to the benefits of a decentralized DBMS outlined above, Inery brings forth innovation to support today’s and tomorrow’s enterprises’ data needs.
- Language support and multiple libraries – Inery is mainly built on C++ code to enable the integration of multiple libraries and make the development process seamless. IneryDB offers libraries for database integration in the most popular programming language including Python, Php, Nodejs, C#. Developers can find the necessary functions and structures for integrating the blockchain database.
- Layer 1 protocol – There have been several attempts at creating decentralized storage and management systems. However, most of the protocols met with failure as they were adopting 3rd party blockchain or service provider solutions. Inery is built from the ground up as a blockchain optimized for database management.
- Optimized for database management functions – Most protocols that exist in the market today are limited to ease of useability and graphic interface. Inery goes a step beyond by integrating query capabilities and CRUD functions on a decentralized ecosystem – a functionality that has never been introduced in projects before.
- Blockchain solution – It offers support for developers to build their own decentralized applications whilst using its database management product, IneryDB, to support the dApps.
Inery’s journey so far
Since the initiation of Inery’s development in 2020, we have achieved integral milestones of API functions, setting nodes, and private testing.
In the second quarter of 2022, we’ve been able to attain important milestones that will take us a step closer to our public testnet and mainnet release. Some of these milestones include the development of API functions for sending messages in JSON format over Inery blockchain, enabling CLI capabilities on server, Wallet address generation and testing on test servers, development and implementation of the algorithm for node rankings inside the blockchain, and more. We are now working to prepare for the upcoming public testnet launch.
With Inery, we lay the foundation for the third era of the internet to support web3 products and services.
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Dr. Naveen Singh is an entrepreneur with achievements in sports, academics, healthcare, innovation, blockchain technology, telecommunications, and philanthropy. He is the Co-Founder and Chief Executive Officer (CEO) of Inery, the first layer-0 blockchain programmed for database management. With Inery, he aligns with his vision of a new paradigm for data to empower web3 and complete decentralization.
Source: https://www.thecoinrepublic.com/2022/08/05/empowering-developers-and-enterprises-with-decentralized-database-management-system/