Understanding the Conceptual Idea of Inery: What Problem Does the Blockchain Solve and How?

Is your online data important to you? How secure do you feel about every personal detail you log into any online site?

Inery is the first-ever Layer-1 blockchain for decentralized database management developed to tackle the problems of data insecurity and lack of online privacy faced in centralized/Web2 systems.

The Problem Inery Is Solving

Our data is precious. Technological advancement and the innovation of the Internet brought about the salient need for data systems — which are computerized systems that retrieve, manage, and analyze the information and data of users online — increased primarily for feedback purposes.

Although the retrieval of these data without the consent of these users goes against fundamental rights, there are hardly any restrictions or shields that can be used to protect these data lying around to be collected. Web2 is a highly centralized system with absolute power bestowed on the owners/developers of the platforms and sites we interact which have built-in tools to access and collate our data anytime we interact with them.

Because of how centralized Web2 is, there are a lot of loopholes in the system as regards the security of your data. Asides from tech monopolies/central bodies getting hold of them for personal/unethical reasons, which of course may not be favorable for you, these sites can also be hacked and your data can be stolen or you can interact with malicious sites and your data gets breached. With data breaches and theft, data stolen can be used against you or to implicate you — which in both cases are not good experiences.

These problems create a dire resolve for users to have better control of their data and adequate solutions for data management. Multi-cloud database platforms came up to replace database management on centralized structures but this did little in terms of security, yet drawbacks like poor privacy, data manipulation, and vulnerability to data theft still plague these database management platforms because they are built on the conventional dynamics of centralization.

The Solution Inery Is Creating

Blockchain ushered in the world of Web3 — the net where power is out of the hands of tech monopolies and in the hands of users with the decentralization dynamics. However, while other blockchain projects solve other problems that take real-world activities into Web3 conceptualization, Inery aims at resolving a real-world problem directly.

Inery is tackling the problems of lack of privacy and data insecurity by managing user data in a decentralized way through multiple servers — mempools or MEM nodes. Integrating database properties with the functionalities of blockchain — immutability and tamper-proof, this protocol is disrupting the fundamentals of centralized data management. As blockchain is open-source, data entries into the ledgers (blocks) are open-source with unique IDs and cannot be tampered with or manipulated.

This feature ensures that data is in full control of its owner and can only be accessed by the corresponding owner. This way, users can decide who has access to their data and in what way the data can be used and can be compensated for it whenever it is used because the details are openly trackable on blockchain.

The Apex Of The Inery Solution

As earlier stated, Inery solves problems associated with the real world. Many sectors in real-time are faced with data insecurity, cases of data hacks, breaches, and theft are rampant with their databases stored in central servers that can easily be compromised and tampered with. These sectors can utilize the technology of Inery, be it financial institutions, governments, educational institutions, healthcare, real estate, aviation, gaming, sports, etc, using its decentralized and distributed database management infrastructure to store and manage their data.

Likewise, developers building on Web3 can leverage the high performance and scalability of the Inery blockchain to build their dApps and chains. So whatever it may be, developers or enterprises can safely have their data stored, managed, and accessed in a distributed way only controlled by them as the owners.

To learn more about Inery and stay updated about its activities and announcements, follow its socials:

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