Modex Blockchain as a Database (BCDB) is a new take on blockchain technology which removes the need to invest resources in blockchain training and facilitates fast adoption of the technology in the enterprise sector.
Benefits Of BCDB
Modex BCDB significantly reduces costs, as companies are no longer required to scout for and hire developers proficient in blockchain development. Our solution is a middleware which fuses a blockchain with a database to create a structure that is easy to use and understand by developers with no prior knowledge in blockchain development. As a result, any developer who knows how to work with a database system can operate with our solution, without needing to change their programming style or to learn blockchain.
Modex BCDB has been designed to help people without a background in blockchain development access the benefits of blockchain database (BCDB) and remove the dangers posed by the loss of sensitive data. Through our blockchain component, Modex BCDB is able to transform with minimal changes any type of database into a distributed database that holds the same valuable characteristics inherent to blockchain technology: transparency, increased security, data immutability, and integrity.
Every enterprise is reserved and unwilling to make changes to its database, and for good reason, as data loss or data corruption constitute major risks. Modex BCDB doesn’t work by changing the existing database, or data entries. The database is maintained intact throughout the process, data integrity is ensured by storing the metadata of the records on the blockchain. Moreover, the system does not restrict access to the blockchain or the database, so when a developer needs to make a reporting or ETL transformations, they can always perform warehouse analytics by accessing the database directly. This is because Modex BCDB and its benefits have been purposely designed to be agnostic from a database and blockchain engine perspective. With our solution, clients are able to set up a network, regardless of the type of database employed. In a consortium, each company can maintain what type of database they prefer (Oracle, Microsoft, IBM, MongoDB), and connect them through a blockchain-powered network to ensure cohesion, availability while protecting corporate interests.