by Angela Guess

A recent press release states, “Companies and developers wanting to integrate the decentralization, immutability, and consensus benefits of blockchain technology into their existing data infrastructure and business applications finally have an enterprise-grade product with which to do so. FlureeDB — a scalable, blockchain cloud database — launched November 9th, 2017 for public beta use. Brian Platz and Flip Filipowski, the Winston-Salem duo who previously co-founded and built up Silkroad Technology — which grew to over 2,000 customers and 500 employees in 12 global offices — have partnered up again with Fluree, focusing on enabling enterprises to take advantage of the booming trend of decentralized applications.”

The release continues, “Blockchain technology has been touted by many as the fundamental building block for future enterprise transactions, as the need for trust, security, and transparency will continue to dominate innovation in business applications. Blockchain delivers a tamper-resistant consensus model that uses a decentralized network to verify and encrypt accurate transactions. FlureeDB builds each transaction into a block of time, creating a central blockchain. FlureeDB leverages the use of “Composite Blockchain Consensus,” in which a database can be broken up into different parts, each having its own blockchain and associated consensus network. Its query engine allows developers to join all data across multiple blockchains, enabling a single system to consist of a hybrid of consensus characteristics. This innovation in blockchain technology allows for unprecedented scaling potential for decentralized applications and opens up a wide use case across industries as companies no longer have to decide between blockchain decentralized verification and centralized information security.”

Read more at PRweb.

Photo credit: Fluree PBC