BLUZELLE

BLUZELLE REVIEW

Written by: Acqeel Ziyad Website: www.bluzelle.com

A decentralized database service for the world's dApps.

Paul Bains

Bluzelle CEO & Co-founder 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. PAST: Bluzelle state their goal is to help the “new internet”, meaning decentralized internet, run efficiently. In a recent interview, their SINGLE SYSTEM DB 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 Expensive to scale No privacy

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)

can use the Bluzelle network to streamline their applications.

The ecosystem revolves around the use of Bluzelle tokens. Consumers will pay with tokens to access database services, while producers will earn tokens in exchange for sharing their resources. Ultimately, Bluzelle wants to create a solution to manage data in a secure, efficient, and low-cost way. It plans to provide a crucial part of the infrastructure needed to power the decentralized internet. To do that, Bluzelle is creating a data storage solution that stores small bits of data which is encrypted on computers around the world.

PRESENT: CLOUD DB FUTURE: DECENTRALIZED DB

The utility of Bluzelle tokens is a strong point of the project. The Bluzelle network is actually based on two tokens, BLZ and BNT. BLZ is an external token that connects the internal Bluzelle Native Token (BNT) with ETH. BNT is an internal token underpinning the Bluzelle ecosystem, which producers earn when consumers pay for their services. The BLZ token exists on exchanges for customers to get access to Bluzelle services. Enterprises have an incentive to purchase the token not only to access the scaling capabilities that the network provides,

but also for the reduced costs associated with decentralizing data storage. There is strong incentive on the consumer end to accumulate the token for scaling and speed, as well as on the producer end to compete for rewards- all signs of an ecosystem with high potential for growth. In the realm of decentralized databases, Bluzelle faces some competition from companies like Wolk, Ties and Fluence. Wolk seems to be Bluzelle’s main contender, by being a decentralized database running on Ethereum, but Bluzelle distinguishes itself by operating on its own protocol. This allows for integration Single source of failure into any blockchain and by serving non-blockchain products as No points of failure well. CEO Pavel Bains asserts that an MVP will be released by the end of December to show the public what data storage on Bluzelle looks like. Expensive to scale Scales efficiently No Privacy Highest privacy