Inery, a decentralized data system, is both a proprietary layer 1 blockchain and a database management solution built on top of it. It is designed to overcome the shortcomings of centralized data management and eliminate Web3 and blockchain entry barriers. The project features low network latency and ensures owner-controlled assets, high security, and high performance.
Inery blockchain’s DNA comprises:
The blockchain market is
And while the blockchain space is full of projects without utility, Inery is applicable in the decentralization of data systems, data management, and security increase in diverse industries.
For example, an individual or business using the network would be able to control and manage their data in an open and secure way. The user is guaranteed privacy and security against data breaches. The business also enjoys low data management costs, while maximizing enterprise performance.
Noting the apparent drawbacks of legacy storage infrastructures, including data manipulation, data loss, and unfair use of user data, the decentralized and distributed nature of the Inery network safeguards users from a single point of failure. User or business data is spread across the network to eliminate this exposure.
Consequently, the project successfully prevents private individuals or central organizations–who are mostly tech monopolies– from unfair use of user data and breaching privacy policies.
Companies like Meta, formerly Facebook, have faced multiple lawsuits against privacy concerns, like the
What Inery does, in this case, is give the users the power to dictate who can access and use their information while getting compensated for it. It also offers interoperability capabilities to enable businesses and metaverses to communicate or share information/assets in a smooth and secure manner.
Inery is set to serve industries such as gaming, aviation, government, and finance, as well as the healthcare sector, the education sector, and others.
The decentralized data system provides developers with tools to create, deploy, and launch their applications on top of the layer-1 chain. It also allows the developers, and businesses, to store, control, and access their data securely on the distributed and decentralized infrastructure. Furthermore, it aims to establish a foundation for a truly decentralized Web3 through connecting metaverses, dApps, and chains.
For instance, in healthcare, Inery can be instrumental in giving patients control over their data, tracking and tracing drugs to avoid counterfeit activities, providing a single point of truth to shareholders, and ensuring data interoperability between different healthcare verticals. In addition, the solution provides e-commerce with a way to manage assets–credential management and asset tracking, for instance, and access data with complete control, transparency, and security.
Enterprises and governments may also deploy their applications on top of the Inery blockchain. Inery equips financial institutions with a modern and mature database infrastructure to enable communication and data sharing across departments while maintaining high performance and low transaction costs. These financial institutions can also leverage the infrastructure for issuing and managing assets, secure data management, and document access, control, and tracking.
Inery’s data management system has a myriad of features that make it applicable in all industries that involve data. These are:
$INR is the network’s native token, deriving its value from practical utility within the ecosystem. The token is essential in securing and powering the data system. Its purpose includes:
The company is headquartered in Singapore, with offices in Dubai, Serbia, and Switzerland, accommodating in-house teams dedicated to the development and success of the project.
The central team behind Inery vision comprises of Dr. Naveen Singh (Chief Executive Officer and Founder), Ivan Vujic (Chief Technical Officer and Founder), Simon Murray (Chairman), and an Advisory board of Satjiv Chahil (Principal advisor), David Munro Anderson, Bally Singh (Marketing advisor), Obi Cubana, Mohammad Danish (Legal advisor), Stefan Oksner, and Paul Taylor.