The importance of data in today’s world cannot be overemphasized. From innovation and design to marketing and development, corporations and government institutions need data for their day-to-day operations.
However, data ownership, use, storage and management are poorly controlled in the digital age. Many companies collect, store and use customer data without their consent, thus giving rise to issues of data security and online privacy.
In mild cases, customers are bombarded with annoying ads, and in the worst case, security breaches lead to data leaks, leaving users’ information at the mercy of bad actors. This has led to a lack of trust on the part of users, as they fear that businesses will misuse their data.
But Inari Blockchain has stepped in to address the issues of data security and online privacy for both users and businesses. The platform aims to give users total control over who they share the data with, while providing high-level security for the shared data.
About Inri Blockchain
Inari positions itself as the first layer-0 blockchain that provides solutions for decentralized database management. Inery provides a secure and reliable foundation to enable businesses around the world to manage their data efficiently.
The blockchain network was designed to solve the issue of database decentralization. It integrates key features of blockchain technology, including immutability, security and decentralization, with distributed database properties.
Inery promises to provide its customers with a high level of security and transparency with an immutable record of data ownership, storage optimization and security enhancements. Designed for users seeking efficient performance of their applications without compromising on network security.
Inery serves the needs of businesses that need user data to thrive, creating a middle ground for the secure transfer and management of data.
how does it work?
Inner Web 3 sets the foundation for the future, enabling value creation by connecting seamlessly with other systems, applications and Layer 1 networks.
The network has its own version of smart contracts, dubbed value contracts. These value contracts can verify data and execute transactions automatically without the need for intermediaries. These contracts pre-define permissions, including data ownership and access.
This ensures that unauthorized entities do not gain access to user data, giving users complete control over their data and the option to share it with whomever they choose. The cross-chain infrastructure implemented by Inri facilitates seamless flow of data while maintaining a high level of security.
Unlike traditional database networks, Inery does not have a central server that is controlled by a single entity. Instead, it eliminates all middlemen and ensures that everyone on the network owns the information while restricting access to unauthorized entities.
The unique blend of data management infrastructure, immutability, security and decentralization implemented by Inery gives users the satisfaction that they have complete control over their data and it is secure.
Additionally, it reduces the risk of data breaches and theft as it is impossible for hackers to gain control of data on networks distributed in different parts of the world.
To prevent permanent data loss, Inari Blockchain integrates a free solution for database backup to help businesses protect their data by reserving database copies.
inner features
Inari Blockchain provides users with the following features:
Inery provides a high level of security for user data. By employing cryptographic mechanisms and top-notch encryption systems, Inri ensures that the data cannot be manipulated by anyone.
Inari Blockchain is designed to meet the enterprise needs of modern-day businesses by achieving high throughput and low latency, ensuring transactions are processed at a faster rate.
The Inari network currently processes over 5000 transactions per second, which is faster than many of the top blockchain networks in the industry.
- Energy efficient and low cost
The network uses a Proof-of-Stake (PoS) consensus mechanism. This helps in reducing its energy consumption as compared to Proof-of-Work (PoW) networks. Additionally, Inery offers some of the lowest processing fees on the market.
INR token
INR is the core utility token of the Inari blockchain. It secures and powers the activities performed on the network. Tokens can be used to access products and services in the ecosystem. Users can stake their tokens to earn transaction fees and other staking rewards.
The token also acts as a governance token, allowing INR holders to vote on certain decisions that determine the future of the project.
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