TIESDB: First-of-Its-Kind Decentralized Public Database Aims to Solve Data Storage

The explosion of wireless communication in recent years has led to unforeseen and troublesome results. The technological infrastructure of the modern world, as it turns out, is not yet ready for storing data, which is constantly changing and evolving. Who could imagine that a database would become a crucial and invaluable asset several decades ago?

How is humankind going to store and manage all that data? Why is this so important?

The answer to this lies in understanding the mechanism of database storage and usage. All businesses already have some type of data-storage needs. Hospitals accumulate enormous medical data, retail businesses need to keep the data of their suppliers and customers, etc.

The more organized this information is, the more use it is to you.

How can people sort and use information efficiently and improve businesses to generate more sales or prevent medical errors? Database software allows you to harness the whole process and manage the data system.

With the introduction of blockchain, a soaring demand to store non-financial data emerged. TiesDB has developed and launched the first public, decentralized distributed database that has been created by members of the crypto community for the crypto community.

This B2B product is badly needed to satisfy the acute needs of storing non-financial data. It is a breakthrough. TiesDB offers the crypto community the long-anticipated database product.

Why is it so essential for the crypto community and for ordinary users? In order to understand the magnitude of this project, let us refresh the knowledge of databases.

A database is an organized collection of information or data. The successful recording, storing and organization of data of company's employees, shareholders, fundraisers, associates and anyone else connected to you, can make the difference between a healthy community group which communicates well with its contacts and one which struggles to stay in touch with any level of effectiveness.

The information in your database – the names, addresses, contact details, personal details, etc., is your line of communication to your contacts and to those who have been in touch with your organization.

The databases can be divided into three types: centralized, distributed and decentralized.

A Centralized database system is a database that is located, stored and maintained in a single location. Distributed databases offer some key advantages over centralized databases. Here are their benefits:

- Reliability. if a failure occurs in one area of the distribution, the entire database does not experience a setback.
- Security
- Cost-effective Bandwidth prices go down because users are accessing remote data less frequently.
- Local access
- Scalability If you add a new location to your business, it's simple to create an additional node within the database, making distribution highly scalable.
- Speed & resource efficiency

A decentralized database means that there is no central storage, nobody has control over servers. They relate to each other and the data is distributed between the nodes of the network. If something is added, edited or deleted on any computer, it will be reflected in all computers. Decentralized databases are secure and can withstand significant pressure, and therefore, they are safe.

For a blockchain database, each participant maintains, calculates and updates new entries into the database. All nodes work together to ensure they are all coming to the same conclusions, providing in-built security for the network.

The blockchain can avoid the problems of tampering, fraud, security and public accessibility. All the information is stored on the network. This data cannot be removed or changed without a participant's approval. And anybody can access the information you need anytime, it is open and transparent to public.

The development of blockchain and crypto economics instigates the development of decentralized applications: decentralized social networks, instant messengers, stock exchanges, business platforms, recruiting agencies, cloud storage, search engines, information aggregators and the media.

However, decentralization creates some problems.

The first question that comes up is where to store the data?

If there is no single server, then there is no guaranteed site where you can add information in a structured way. The decentralized cloud storage market offers a solution in the form of renting users' computers and storing files on them, but this solution is extremely limited in its capabilities, because the content of information is not considered - as a rule, these are simply files. No one can get access to their content or perform complex operations with them.

The second problem: how the data should be stored?

Simple files do not represent a data structure. They cannot be linked to each other, neither can one search by the contents of the file. When you have megabytes of data, for example, in a hospital with patients' data, or at a university with student's grades, it is crucial to have the ability to search, structure and organize information in a certain way so that anybody can find a file or its fragment by title and/or by the content of the document. It is critical to have the ability to add new files and delete the old ones, modify the document, etc.

Moreover, there is yet another problem: the level of trust between the organizers of content storage in a decentralized network. Members of a single network do not know each other and are not required to. They can be in different parts of the world and even be in open conflict with each other, while effectively supporting the work of the database, performing their part of the work.

The problem of trust between participants and the ways of their interaction, is a key problem of public, distributed, decentralized systems and the solution of this problem is a fundamental step in the development of the decentralized applications market. How to solve these intricate problems?

And this where TiesDB is critical.

It offers a solution to this soaring problem and caters to the acute needs of the current IT and crypto community. The new project is based on a unique IT solution: Ties DB offers the crypto community the first public, decentralized distributed database in its history. This solution is to meet the growing demand of the decentralized application market to store non-financial data.

TiesDB is an independent entity and is designed for structured storage of large data sets in a public, decentralized, distributed network that can only be reliably stored in the blockchain.

The new platform emerged as a response to a compelling need to store terabytes of non-financial data, and the possibility to conduct quick searches in it due to the enormous growth emergence of various decentralized messengers, social networks, media, and large encyclopedias.

The new database is public, decentralized and has the possibility of searching data which is one of the crucial parameters. Having assessed the market's needs and the demand for the new technology, TiesDB founders and the project team have decided to focus the company's efforts on accelerating the launch of the TiesDB database as a unique infrastructural solution for the burgeoning market of decentralized applications and blockchain-based businesses.

The acute need for a public decentralized database in crypto and the IT community is part of surging demand for cloud hosting services.

About TiesDB

TiesDB is an independent software provider and the maker of the first public, decentralized, distributed NoSQL database, TiesDB. TiesDB is Byzantine fault tolerant.

TiesDB, formerly known as Ties.Network, was founded by Alexander Neymark and Dmitry Kochin. Alexander Neymark has been launching and developing financial services for banks and telecommunications companies since 2000. In 2012, he began creating a platform for aggregating financial user data (account aggregation technology), which was implemented in the final development of Krawlly. Dmitry Kochin has extensive experience in IT. He holds a PHD in Technical Sciences and has been a serial entrepreneur in the IT sector since 2005. Dmitry has been involved in a variety of software projects related to payment processing, account aggregation, computer telephony and even financial services within online games. In October 2017, Ties.Network held a Token Generation Event, which raised over $9.5 million, and distributed over 59 million tokens.

For more information, please, visit www.tiesdb.com.

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