Blockchain News

immudb First Immutable Database to Provide Extension to Ethereum Blockchain

immudb First Immutable Database to Provide Extension to Ethereum Blockchain

Data security now guaranteed by the ethereum distributed ledger, while storing data inside high-performance immudb

immudb, the only immutable enterprise-scale database with cryptographic verification, announced an extension that supports Ethereum Mainnet blockchain that provides high performance for ethereum-based applications, plus which provides another level of untampered data security. Now, immudb can be used as an Ethereum Layer-2 solution using Zero-Knowledge rollups (ZK-rollups) to massively increase throughput by moving computation and state-storage off-chain.

Latest Fintech Insights : Goldman Sachs Asset Management and Cleanhill Partners Acquire Majority Stake in EPC Power Corp.

“The combination of the tamper-proof immudb data store with ethereum provides an added layer of security no one else has, while delivering regulatory compliance, and most importantly, maintaining the high performance of immudb that is millions of transactions per second”

Until now, technical limitations and regulations for financial services and others have made it hard or even impossible for businesses to store data in a blockchain. With this new immudb extension, the integrity and verifiability of data stored on-premises is now also guaranteed by the public and distributed ethereum blockchain, without storing actual data outside of immudb. Users can store their data in immudb and stay compliant with regulations and still enjoy the benefit of a blockchain proof of no tampering, beyond what immudb already offers.

Read More About Fintech News : Modern Treasury and Goldman Sachs Partner to Provide Integrated Software and Payments to Corporate Customers

“The combination of the tamper-proof immudb data store with ethereum provides an added layer of security no one else has, while delivering regulatory compliance, and most importantly, maintaining the high performance of immudb that is millions of transactions per second,” said Dennis Zimmer, chief technology officer of Codenotary, the maintainer of open source immudb.

Unlike other databases, immudb is built on a zero-trust model: history is preserved and can’t be changed. Data in immudb comes with cryptographic verification at every transaction to ensure there is no tampering possible. immudb can be deployed in cluster configurations for demanding applications that require high scalability, up to billions of transactions per day, and high availability. The support of both key/value along with SQL makes it simple to use immudb in new and existing applications. Support for Amazon’s S3 storage cloud provides immudb with virtually unlimited data storage capacity. With immudb’s Time Travel feature, organizations can travel back and forth in time and see the change history of their data.

Browse The Complete News About Fintech : Counterpart Launches AI-Powered Crime Coverage For Small Businesses Backed by Aspen Insurance

[To share your insights with us, please write to sghosh@martechseries.com] 

Related posts

Netcompany Acquires a 20% Stake in Leading FinTech Company to Form a Strategic Partnership

Business Wire

JPMorgan Chase Acquiring A Leading Travel And Loyalty Business

Fintech News Desk

With Crypto Poised to Rebound, Estonia-Based Fintech Startup Opens Store in Amsterdam

Fintech News Desk
1