What is TiesDB?
TiesDB is the world’s first database product for the crypto community. It’s a public, decentralized, distributed NoSQL database for the storage of Ethereum-based decentralized applications (DApps). It is created by the crypto community for the crypto community.
How does it help?
TiesDB is a decentralized solution that is more affordable, efficient, and secure than other options for storing data. It helps companies efficiently manage and access their data and, as a result, improve business operations.
Who is it for?
It is designed to meet the rising demand of DApps and blockchain-based businesses to store non-financial data. With the emergence of decentralized messengers, social networks, and large encyclopedias, DApps have constantly growing amounts of data and need a more efficient way to store it than running their own databases. TiesDB solves this growing need.
Who’s behind it?
TiesDB is an independent software provider. Our team has been working on this project since 2015. In October 2017, we held a Token Generation Event, raising more than $9.5 million by issuing 59 million of our Ethereum-based TIE tokens.
What are some features of TiesDB?
TiesDB is a new type of database that is completely decentralized. All nodes are equal and anyone can join the network and become a node. The content is stored in a structured form, providing the ability to quickly find information within the platform.
Some features of TiesDB:
Supports unlimited number of node replicas and each can be a coordinator to prevent uncontrolled data requests and reduce network load.
Allows instant file fetching using the specific contents through huge volumes of dynamic data processed seamlessly.
High degrees of advanced search and data modification in real time.
The nodes (servers) are interconnected but are not governed by a central host which helps overcome any possibility of data fringe or system failure.
Offers the ability to conduct accurate search through large volumes of structured data and drastically decreased response time.
What are the benefits for users?
There are many benefits for companies that use TiesDB.
It’s easy to use.
TiesDB is as easy to use as common relational or NoSQL database management systems. Our public database instance consists of a network of nodes of different sizes that contribute to the storage and management of database tables. Everybody having TIE tokens will be able to insert, manipulate and query structured data in the TiesDB public instance.
You don’t need to worry about redundancy, backup, and high availability.
Data is stored in TiesDB in an inherently redundant way. Data owners will not need to take care of backups and high availability the way they must with on-premise solutions.
You control your data and no one else (including governments) can block it.
You will not have to worry about ownership of your data. When hosting your own data on cloud platforms, you must be concerned about the central authority controlling your data and whether they might grant access to government organizations. With TiesDB, this issue doesn’t exist. TiesDB is censorship resistant, as data modification is under cryptographyc protection using private keys controlled by the data owner. Moreover, in case you have encrypted your data before putting it to database noone can read it without your permission.
Since the user pays only for writing and changing the data and doesn’t have to pay for space and capacity, the operation costs are much cheaper than any centralized storage provider.
It allows for complex searches.
TiesDB offers the ability to search and organize data so anyone can find a file by title or the content of the document.
It’s better than existing solutions.
Current decentralized cloud storage solutions are extremely limited in capabilities – users cannot access their files or perform complex operations with them. Existing solutions are virtually centralized and are subject to a single source that distributes access rights to content and provides access to the platform only to previously trusted sites. Unlike these platforms, TiesDB allows users to easily access documents, modify them, add new files, and delete the old ones.
It increases trust between members.
Another problem of decentralized systems is the level of trust between its members. Participants of a single network do not know each other, can be in different parts of the world, and can even be in conflict with each other. However, with TiesDB, they can still effectively support the work of the database. The lack of trust is a major issue for public, distributed, decentralized systems and solving this problem is a step forward in the development of the DApps market.
What’s the problem TiesDB solves for DApps?
A team developing a DApp has the choice of using current blockchain technologies for managing monetization or user identity but must rely on centralized backend solutions to store the "real" application data.
The most common backend solutions are based on several database technologies like:
Relational database management systems
NoSQL (key/value) databases
Document oriented databases
There are several competitors in the structured data storage world, most of them can master the management of petabytes or even exabytes of data. However, none of them is decentralized. All of the existing solutions can be corrupted or even shut down by a government, a central authority, or a malicious organization.
Does it make sense to build an application where only the monetization and smart contract part is decentralized if the application data itself is centralized? Of course not!
As the first distributed and decentralized database management system, TiesDB is the solution to these problems.
Who are your partners?
We’ve formed strategic partnerships with many companies including:
The partnership will combine TiesDB’s database with IAGON’s cloud-based global supercomputer. IAGON is building a decentralized "global supercomputer" on the blockchain that is powered by artificial intelligence. IAGON’s supercomputer is designed to connect smart devices through the cloud and deliver DApps to them. Details.
CREDITS is an open blockchain platform with autonomous smart contracts and internal cryptocurrency. The company has chosen to implement their advanced smart contracts on our database, thus gaining technological advantages in terms of non-financial data storage. Details.
Bcharity is a revolutionary charity exchange developed on the blockchain specifically designed to increase the accessibility and efficiency of charity across the world. Ties.DB is proud to assist this project by including Bcharity in the infrastructure we are building. Details.
Learn more about other partners like VARcrypt, ECOS, and more.
What are some examples of how companies can use TiesDB to encrypt/share data?
With TiesDB, all organizations manage their data in the same database. They can encrypt their valuable data and can also make their data available to other organizations by decrypting selected data. By doing this, partner organizations can then run queries on the selected data.
For example: Imagine a company, MyIM, that offers a decentralized instant messaging and payment service and an e-commerce company, MyBazaar, that sells items online using a decentralized e-commerce application. Both companies use TiesDB as a backend for their applications. If MyBazaar wants to offer MyIM as a payment service to its customers, it just needs to buy the ability to decrypt the required data from MyIM. Once the trade is completed, MyBazaar will access needed database objects without the need of complex data exchange procedures that require FTP servers or complicated ETL processes.
The same procedure could be used by insurance companies to access weather or traffic information from external services – or any other company that wants to outsource its data science tasks to trusted specialized consulting companies.
Another example: A company closes a deal with an analytics consultancy for some analysis on its data. Both the committer and the consultancy own TiesDB nodes. The company could then grant access to the raw data stored in TiesDB to the analytics consultancy. The consultancy would be able to perform its analysis, store the results on TiesDB, and then grant access to its customer.
What are next steps?
Sign up to be the first to know when TiesDB is available for use. In the meanwhile, check out our presentation and learn more about how we can solve your needs. And feel free to contact us with any questions.
If you have questions left feel free to ask in our telegram.