Moscow – July 2018 – Fluence, the blockchain-based database provider, is using the blockchain to create a decentralized data organization layer, and in turn a decentralized internet. The platform enables operations with data (storage, processing, computations) in a decentralized environment, providing more features than a traditional network database. Fluence aims to be a core component of decentralized protocols stack, providing a network which allows users to perform complex data queries and data management.
As more blockchain based platforms and apps pop up each day, a common problem arises for developers in the space as to how they can handle data in a decentralized environment. Ever since cloud services came into existence and grew with popularity, they have been vulnerable to data hacks and leaks.
Fluence was born out of the realization that there are real problems in the industry, ones that the existing centralized technology cannot solve. For example, data privacy and ownership, storage and collection, and valuable information can accumulate in the hands of few big companies; and, we’ve seen what happens when sites such as Facebook or MyHeritage are exposed to hacks. Fluence provides decentralized data storage and management on the blockchain for Web 3.0 applications in order to guarantee users and developers more privacy, control, and security over the decentralized apps they are building.
Fluence plans to create a new internet, one that is decentralized and completely secure.
The open source platform lets any developer use the code to build his/her own network. The decentralized database network, which guarantees users more privacy, control, and security over the decentralized apps they are building, includes:
- blockchain agnostic with an API fit for most decentralized apps and their needs
- a decentralized network of independent nodes connected and operating by the Fluence protocol
- a blockchain as a shared single source of truth
Earlier this month, on June 11, 2018, Fluence organized the largest blockchain event in Helsinki, Finland. With over 100 participants from blockchain community from more than 20 countries, and speakers such as Evgeny Ponomarev, CEO and Co-founder of Fluence, Juuso Takalainen, Ethereum Developer at Streamr, and Tatu Kärki, Communications Lead at Aragon, the event focused on creating and developing decentralized networks.
“We strongly believe that Fluence and its technology has the ability to change the face of the internet, bringing with it increased security and protection from data hacks,” said Evgeny Ponomarev, CEO and Co-founder of Fluence, “With all of the news stories out there recently about sensitive leaks, it’s imperative to utilize blockchain technology to create a secure and decentralized Web 4.0.”
Fluence was founded in 2017 and is the brainchild of Evgeny Ponomarev, Dmitry Kurinskiy, and Alexander Demidko. With the belief that decentralized data storage is a crucial part of Web 3.0, Fluence was created as a decentralized encrypted database for sensitive data and is secured by blockchain technology. Fluence makes it possible to create decentralized apps where users control, share, and monetize their data and provides a new level of privacy, control, and security for data storage.