Problems with data industry…is data privacy dead?
“Data is a precious thing and will last longer than the systems themselves.” – Tim Berners-Lee, inventor of the World Wide Web.
The Internet is the most popular place in the world. Thanks to the internet, data is becoming more and more digitized and is being created at an astonishing rate. A single firm may have the personal information of thousands and millions of user data that it needs to keep private so that the identities stay as safe and protected. And, when it comes to data privacy, there is a lot at stake. This requires a large part of a data protection strategy to ensure that data can be restored quickly after any corruption or loss this includes protecting data from compromise and ensuring data privacy.
Data privacy is not dead. Not with CyberVein. This is the digital age and turning a blind eye to the increasing use and abuse of data privacy is not wise. CyberVein, as a distributed database system, realizes the value of data and its management and enables easy data interaction and management between businesses.
By leveraging three technologies to provide the solution with respect to the storage, management, and monetization of data: Directed Acyclic Graphs [DAG], blockchain, and Artificial Intelligence [AI], CyberVein solves the issues with scalability, speed, and privacy issues.
CyberVein’s database network can not only be used independently, offering anytime connection, interaction, and but also supports multiple parties to store, query, analyze, mine, and utilize data simultaneously online; data throughput, all that with a much faster and more efficient transaction information confirmation efficiency than the traditional networks. To top that, the stored information is traceable at any time and cannot be tamper-proof.
CyberVein’s consensus mechanism and encryption enhance information transparency, guaranteeing highly secure information and data sharing. Subsequently, this allows CyberVein’s related firms to quickly establish trust, providing a management platform that can quantify the value of data, linking data demand and data suppliers in terms of data storage as well as data rights management, etc.
CyberVein uses the Proof of Contribution (PoC) consensus mechanism with the core value being the contribution of storage space and bandwidth on the nodes provided to the entire network. The nodes in turn are rewarded by the generation of the CyberVein Tokens. CyberVein’s one of the main goals is to offer file storage as well as retrieval services by utilizing “storage space mining”. This enables real applications and more flexible development on the network and maintaining advanced energy-saving features simultaneously.
For the CyberVein team security has to come first. CyberVein realizes the need for user privacy protection and data security. The data on its network cannot be removed locally. The parameters of the model are not only encrypted when processed by the third party but it also makes sure that any characteristics of the original user cannot be overruled. This helps in achieving the company’s goal of fair encrypted exchange of information and model parameters.
CyberVein network provides researchers with a secure data storage solution with the ability to easily manage access permissions. The network provides a secure data storage solution. For instance, the findings of a study are stored and made private on CyberVein’s distributed ledger in order so that only the selected parties have the read-only privileges. However, this option can be modified and data can be made accessible to the wider audience if desired. This can be done by altering the permissions of access to the datasets. Only a select few will be able to change or add data in a transparent series of ledgers which has a display of the entire history of edits.
CyberVein can be reached here:
Disclaimer: This a paid post, and should not be treated as news/advice.