Fintech Review — Issue ONE

Page 58

on-demand, database service. Bluzelle Review

BLUZELLE REVIEW W r i tten b y: A cqeel Ziy ad W ebsi te : www.bluzelle . c o m

A decentralized database service for the world's dApps.

Paul Bains

Bluzelle, is a data storage platform using the decentralisation aspect of block chain technology to achieve high reliability, enterprise-grade scalability, and high performance speeds. They’ve just scored $1.5 million in Series A funding, and are known to be a competitor of Storj, another decentralized blockchain storage provider.

Bluzelle CEO & Co-founder

PAST: SINGLE SYSTEM DB

Bluzelle state their goal is to help the “new internet”, meaning decentralized internet, run efficiently. In a recent interview, their CEO and co-founder Pavel Bains said that Bluzelle aims to do, for the new internet, what Oracle did for the current internet infrastructure. Bluzelle plans it’s ICO for 2018, during which period it will issue its own tokens for public sale.

Multiple sources of failure

Bluzelle is creating a middleware storage solution for the blockchain. Just like the internet being a communication protocol, Blockchain is also a protocol which requires middleware applications to fully utilise it. That’s where Bluzelle comes in. Bluzelle’s goal is to create a decentralized database network which involves producers (the people who mine for bitcoin by making their computers part of the transaction validation process) renting out their hardware resources to the network. Thereafter, consumers (e.g. software developers)

Expensive to scale

fintech review

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No privacy


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