Ties.db is a public low-latency, low-cost, decentralised NoSQL database with replicable storage from nodes. This is an extremely promising technology that will allow users around the world to use spare capacity to earn by storing Ties data. CanYa will look to implement the Ties.db technology as part of the CanYa Decentralisation Roadmap.
Ties first unveiled their whitepaper in April 2017. Their Token Generation Event started in September 2017, and they look to raise $USD33m. The team is headed by Alexander Neymark and Dmitry Kochin, who have a strong experience in successfully launching disruptive technology.
The Ties.DB incorporates a network of nodes that store and replicate user-data. Each time a user wishes to change their data, it is signed by the user’s private key to prove ownership, and the database update is paid for. This payment is in the TIE token, and nodes that store the data receive the payouts.
Ties.DB is a distributed system that does not have a single Administration Center, and all management settings are dynamically generated and coordinated with the participants of the system.
The CanYa team is excited about the Ties partnership and will work with the Ties team on integration in the CanYa platform. CanYa will be one of the first mainstream platforms to integrate the technology which will reduce CanYa’s cost of maintaining user-data, and adheres’ to CanYa’s decentralisation roadmap.
In return, Ties gains a strong partner willing to help mature their disruptive technology with a real-world global use case.
Integrations like Ties and CanYa are the start of many – through collaboration the entire blockchain community can advance and mature together.
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